Existing Home Sales (Thu., Jul. 23, 10:00 a.m.) and New Home Sales (Mon., Jul. 27, 10:00 a.m.) appear to have bottomed at very low levels as affordability has improved dramatically with falling home prices.

The private nonresidential construction market is in tough shape and getting worse.

The Trade Balance (Wed., Feb. 11, 8:30 a.m.) and its track of exports and imports measures the strength of the global economy and now, how much declining trade might hurt the domestic economy.

The Federal Reserve has now cut the Federal funds to a record low range of 0 to 0.25%.

Implementation of a large fiscal stimulus package is a virtual certainty after the inauguration of president-elect Obama and the start of the new Congress.

Headline ISM Non-manufacturing index falls a more-than-expected 5.8 points, to 44.4 (Consensus: -2.7 points; Decision Economics: -2.1 points), with substantial negative contributions from all components of the composite index.

Introduction-It's Still the Economy, Stupid The next president faces an economic landscape radically different than that envisioned just two months ago.

The Spreading Credit Crisis: What EMGs are more vulnerable? The turmoil in global financial markets is becoming an increasing threat to emerging markets, creating risks for their domestic banking systems and potentially leading to severe credit restrictions.

Many analysts consider the upcoming presidential election to be a watershed event. For the first time since 1952, the next president will not be either the current president or vice president.

Both presidential candidates represent "change," as this is the first election since 1952 in which the sitting president or vice president cannot be president.