Thursday, April 22, 2010

Weekly Economic Update for the Week of April 19, 2010

C.W. Copeland & Associates presents

Weekly Economic Update for the Week of April 19, 2010


Quote of the week. The need for mystery is greater than the need for an answer.”– Ken Kesey

A little less confidence. The preliminary April Reuters/University of Michiganconsumer sentiment survey came in at 69.5, versus 73.6 at the end of March. Interestingly, the survey’s expectations index slipped to its lowest level in 13 months.1

More minimal inflation. The Consumer Price Index advanced 0.1% in March; with food and energy prices factored out, core CPI was flat. Overall CPI increased by 2.3% during the past 12 months of data.2

Car buying drives retail sales. A 6.7% rise in the demand for autos sent retail purchases 1.6% higher for March. That even beat the 1.3% gain forecast by economists polled by MarketWatch.3

Manufacturing up 0.9% last month. So noted the Federal Reserve last week. Total industrial output rose 0.1% in March; economists surveyed by Dow Jones Newswires thought we would see a 0.8% gain.4

Housing starts up 1.6% for March. Besides that statistic, the Commerce Department also announced some other good news: the 5.9% February slip in this category has been revised to a 1.1% gain.5

SEC suit sends market down. The Securities and Exchange Commission sued Goldman Sachs Group for securities fraud over the structuring and marketing of a subprime mortgage product Friday, and stock indexes fell, ending six days of gains. The Dow (+0.19%) and NASDAQ (+1.11%) still advanced for the week. The S&P 500 lost 0.19% last week.6

% 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:,,,, 4/16/10)6,7,8,9

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. A room holds two sisters with their two brothers, two mothers with their two sons, two maidens with their two mothers, two grandmothers with their two granddaughters, two fathers with their two daughters, and two husbands with their two wives ... yet there are only six people in the room, all legitimately born. How is this possible?

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

Last week’s riddle: What five letters (with no letters used more than once) can be arranged in three ways to make three separate words - the first with one syllable, the second with two syllables, the third with three syllables?

Last week’s riddle answer: AIDES - 1 syllable, ASIDE - 2 syllables, IDEAS - 3 syllables.


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1 [4/16/10]

2 [4/14/10]

3 [4/14/10]

4 [4/15/10]

5 [4/16/10]

6 [4/16/10]

7 [4/16/10]

7 [4/16/10]

7 [4/16/10]

7 [4/16/10]

7 [4/16/10]

7 [4/16/10]

7 [4/16/10]

7 [4/16/10]

7 [4/16/10]

8 [4/16/10]

8 [4/16/10]

9 [1/12/00]


C.W. Copeland
"Your Personal CFO"
C.W. Copeland & Associates
Lifestyle Management Advisors
3401 Norman Berry Drive

Suite 253
East Point, GA 30344
404.567.3275 (direct)
404.601.9534 (fax)

Securities offered through Resource Horizons Group, L.L.C.
Advisory services offered through Resource Horizons Investment Advisory
1350 Church St. Ext. Third Floor
Marietta, GA 30060
Office 770 319-1970
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