July 31st, 2011
Econintersect: An unusual week ahead for investors economically, as good is not going to be good enough. Econintersect is of the opinion that the debt ceiling crisis will be solved, but the debt crisis will live on (analysis here).
The big economic releases this week will be employment related from ADP on Wednesday, and the BLS on Friday. And here again, a great economic report (one that beats expectations) would provide employment growth well below the growth necessary for population workforce growth. A summary of releases this week:
Tuesday = BEA Personal Consumption Expenditures
Wednesday = ADP Employment and Mortgage Bankers mortgage applications
Thursday = US Census Factory Orders, Purchasing Managers Services Survey and Rail Reports
Friday = BLS Employment Report and Federal Reserve Consumer Credit