Thursday, December 3, 2009

Weekly Economic Update for the Week of November 30, 2009

C.W. Copeland & Associates presents

Weekly Economic Update for the Week of November 30, 2009


Quote of the week."Learn to express rather than impress."- Jim Rohn

Did "Black Friday" beat expectations?The National Retail FounPublish Postdation expects a 1.0% decline in holiday purchases for 2009 (after a 3.4% dip in 2008). Yet it also forecast 134 million shoppers in stores for Thanksgiving weekend, up from 128 million last year. Consumer spending did increase by 0.7% in October, the Commerce Department noted last week, with wages rising 0.2%.1,2

Did you buy a home for the holidays? Existing home sales soared 10.1% in October, the National Association of Realtors noted last week. New home sales rose 6.2% last month to the highest annual pace since September 2008. Tax credits and first-time buyers were undoubtedly key factors.3,4

Lowest mortgage rates since April. Freddie Mac had the national average rate for 30-year FRMs at 4.78% last week, compared to 5.97% a year ago. Rates for 15-year FRMs averaged 4.29% last week; a year prior, the average was 5.74%.5

Short line for big-ticket items.Durable goods orders fell by 0.6% in October. Most of the decline was attributed to reduced defense industry orders.2

Gold hits new peak.The precious metal hit a new all-time high close last Wednesday on the NYMEX: $1,188.60 an ounce. India's central bank bought 200 metric tons of gold in October and reportedly wants to buy more. The U.S. Dollar Index fell to lows not seen since August 2008 on Wednesday.6

Minor market movement.Very minor, if you take the S&P 500 - it advanced 0.01% last week. The Dow posted a small weekly loss (-0.08%) and the NASDAQ retreated -0.35% for the week.7

% Change


1-Yr Chg

5-Yr Avg

10-Yr Avg











S&P 500





Real Yield


1 Yr Ago

5 Yrs Ago

10 Yrs Ago






(Source:,,, 11/27/09)8,9,10

Indices are unmanaged, do not incur fees or expenses, and cannot be invested into directly. These returns do not include dividends.

Riddle of the week.Is there a way that you can make the number seven even?

Contact my office or see next week's Update for the answer.

Last week's riddle: A mall parking lot has 1,000 parking spaces, and 40% of them are for compact cars. This morning, there are 200 compact cars and some standard-size cars in the lot, which is 75% full. How many standard-size cars are in the lot?

Last week's riddle answer:750 - 200 = 550 standard-size cars.


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C.W. Copeland
"Your Personal CFO"
Atlanta Planning Group
Lifestyle Management Division
3715 Northside Parkway
Building 200; Suite 490
Atlanta, GA 30327
404.816.1153 ext.540
404.601.9534 (fax)
404.567.3275 (cell)

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