by Bill McBride on 8/12/2015 07:27:00 PM
Wednesday, August 12, 2015
The valuations of office buildings sold in London, Hong Kong, Osaka and Chicago hit record highs in the second quarter of this year and reached post-1999 highs in New York, Los Angeles, Berlin and Sydney, according to industry tracker Real Capital Analytics.I haven't seen the wild speculative CRE lending like in 2005 and 2006, so I'm not concerned.
• At 8:30 AM ET, the initial weekly unemployment claims report will be released. The consensus is for claims to be unchanged at 270 thousand.
• Also at 8:30 AM, Retail sales for July will be released. The consensus is for retail sales to increase 0.5% in July, and to increase 0.4% ex-autos.
• At 10:00 AM, Manufacturing and Trade: Inventories and Sales (business inventories) report for June. The consensus is for a 0.3% increase in inventories.
• At 11:00 AM, the New York Fed will release the Q2 2015 Household Debt and Credit Report
Posted by Bill McBride on 8/12/2015 07:27:00 PM