Monday

Economic Reports: Pending Home Sales

The Pending Home Sales report for March comes out this morning at 10:00 am, and I am a little surprised by the expectations (flat). With all the foreclosures continuing, and prices still sliding, I think this report will show a modest increase in Pending Home Sales. Read the full story

The auto parts companies got a supposed lifeline last week. The government offered a $5 billion loan assistance package.

The package picks up the slack from private banks that are no longer willing to finance auto parts purchased on 45-60 day terms by the Detroit Big Three… Read the full story