Economic Report

For the week of Dec 01, 2008 | Vol. 6, Issue 49

Last Week in Review

I hope you enjoyed a wonderful Thanksgiving weekend with friends and family. I certainly have much to be thankful for, including many wonderful clients and friends like you.

As your Trusted Advisor, I sincerely hope you've been enjoying your complimentary subscription to The Mortgage Market Guide Weekly. Your next full issue will arrive "hot off the press" next week. In the meantime, check out the scoop below on what really causes that tired and sluggish feeling after a holiday meal! And you might be surprised that it isn't the turkey after all!

The Mortgage Market Guide Weekly is the industry's leading publication of this type, and I'm pleased to provide this valuable resource to you. If you feel that any of your clients, friends, family members or associates would benefit from keeping up-to-date on market and economic trends with this easy-to-read format, please let me know, and I will be happy to add them free of charge.

Best wishes to you, and please feel free to contact me if I can be of any assistance to you at this time!

The Mortgage Market View...

Does Turkey Really Make You Tired?

Here's how the story goes. Turkey contains tryptophan...which helps the body produce niacin...which then helps produce serotonin. And Serotonin is the key to this theory because it calms the brain and induces sleep.

The problem with that theory is that tryptophan actually works best on an empty stomach--which most of us don't have after our Thanksgiving feast! So, it's more likely that the heaviness and the high carbohydrate content of the entire Thanksgiving meal are responsible for that sense of lethargy you feel, as your body works to digest it all. Add a glass of wine or alcohol to your meal, and you'll increase that sense of sleepiness even more.

Then again, we all work hard throughout the year, so maybe that tired sensation is just your body requesting a well-deserved nap! May your holiday season be a joyful one...and go ahead and enjoy that nap if you want one!

The Week's Economic Indicator Calendar

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 December 01 – December 05

Date	ET	Economic Report	For	Estimate	Actual	Prior	Impact
Mon. December 01	10:00	ISM Index	Nov	38.0		38.9	HIGH
Wed. December 03	08:15	ADP National Employment Report	Nov	-173K		-157K	HIGH
Wed. December 03	10:00	ISM Services Index	Nov	42.6		44.4	Moderate
Wed. December 03	02:00	Beige Book					Moderate
Thu. December 04	08:30	Jobless Claims (Initial)	11/29	NA		NA	Moderate
Fri. December 05	08:30	Average Work Week	Nov	33.6		33.6	HIGH
Fri. December 05	08:30	Hourly Earnings	Nov	0.2%		0.2%	HIGH
Fri. December 05	08:30	Non-farm Payrolls	Nov	-300K		-240K	HIGH
Fri. December 05	08:30	Unemployment Rate	Nov	6.8%		6.5%	HIGH

The material contained in this newsletter has been prepared by an independent third-party provider. The content is provided for use by real estate, financial services and other professionals only and is not intended for consumer distribution. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, there is no guarantee it is not without errors.