Vital Signs

Is there a pulse?

You decide:

Real Disposable Personal Income

Flatlining.

Initial Unemployment Claims

Stuck at roughly 450K.

Commercial and Industrial Loans

No bounce yet from the recent 20+ percent decline.

MBA Purchase index
(tracks new home mortgages)

Can you tell when the First-time Home Buyer Credit expired (twice)?


TED spread
(difference between LIBOR and US 10-year Treasury yield)

The higher this goes, the closer we get to a seizure in the credit markets.