Nashville Homes: Memorial Day Finance Market Update May25, 2009
Your Nashville, Franklin, Brentwood TN homes and real estate expert!
As the Memorial Day holiday is being observed, the next full issue will arrive on Monday, June 1. I wish you and your family a peaceful Memorial Day holiday, as we remember the sacrifices of all of our Armed Forces servicemen and women, past and present, who have worked so hard to protect our great country.
Best wishes to you, and please do not hesitate to contact me if I may be of any assistance to you at this time!
What's A Couple Extra Trillion?
These days, the government often tosses around "billions" and "trillions" as they talk about various programs. Here's a great way to visualize what these amounts actually mean.
Let's begin with what $1 million looks like. Believe it or not, this little pile is $1 million (100 packets of $10,000). You could stuff that into a grocery bag and walk around with it.
While a measly $1 million looked a little unimpressive, $100 million is a little more respectable. It fits neatly on a standard pallet.
And $1 BILLION. now we're really getting somewhere.
Next we'll look at ONE TRILLION dollars. This is that number we've been hearing about so much. What is a trillion dollars? Well, it's a million million. It's a thousand billion. It's a one followed by 12 zeros.
(And notice those pallets are double stacked.YOU are the little person in the red shirt standing at the lower left corner) So the next time you hear someone toss around the phrase "trillion dollars". that's what they're talking about.
Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.
Economic Calendar for the Week of May 25 - May 29
Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. May 26
10:00
Consumer Confidence
Mar
NA
39.2
Moderate
Wed. May 27
10:00
Existing Home Sales
Apr
4.63M
4.57M
Moderate
Wed. May 27
10:30
Crude Inventories
5/22
NA
NA
Moderate
Thu. May 28
10:00
New Home Sales
Apr
356K
356K
Moderate
Thu. May 28
08:30
Jobless Claims (Initial)
5/23
NA
NA
Moderate
Thu. May 28
08:30
Durable Goods Orders
Apr
NA
-0.8%
Moderate
Fri. May 29
08:30
Gross Domestic Product (GDP)
Q1
-5.5%
-6.1%
Moderate
Fri. May 29
08:30
Chain Deflator
Q1
2.9%
2.9%
Moderate
Fri. May 29
09:45
Chicago PMI
May
42.0
40.1
HIGH
Fri. May 29
10:00
Consumer Sentiment Index (UoM)
May
68.0
67.9
Moderate
*Courtesy Billy Winfree Vice President Pinnacle Financial Partners 615-743-8397*
Permission to re-publish
Franklin TN Homes for Sale
Vanessa Stalets
615-957-6333
RE/MAX Elite
615-661-4400
Your Nashville, Franklin, Brentwood TN homes and real estate expert!
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