This is the table that accompanies the weekly economic review article at Global Economic Intersection – and is a summary of the analysis, investing and opinion articles published this week. See the weekly economic summary article: Recession Is Not In View, But Economy Is Ugly
Weekly Economic Release Scorecard:
|Record Low In Treasuries
||Is this an economic forecast for poor growth?
|July Leading Economic Index
||The Conference Board says data shows a slowing economy.
|July Existing Home Sales
||Up YoY, Down MoM
||The seasonal housing decline began one month early. July is down 4.4% YoY
|August Philly Fed Business Survey
||This index collapsed into territory associated only with recessions
|July Consumer Price Index
||Unchanged at 3.6%
||Signs are that the YoY increase will moderate in the coming months.
|China Purchase of US Treasuries
||Michael Pettis shares his view of multilateral trade of goods and currencies.
|USA Budget Reduction Supercommittee
||Derek & Jeff Miller analyze the dogmatic nature of the 12 members.
|July Producer Price Index
||Up to 7.2%
||Signs future price inflation may be moderating.
||Elliott Morss argues for more monetary and fiscal stimulus.
|July Residential Building Permits
||Contracted 3.2% MoM
||The data continues to show residential construction is at trough.
|July Export / Import Prices
||Data suggests prices will moderate in months to come.
|July Industrial Production
||No signs of recession in this data.
|July Sea Container Counts
||Imports are contracting YoY, Exports much less good.
|August Consumer Metrics
||Rick Davis explains why his index is saying the worst is over for consumers.
|August Empire State Manufacturing Survey
||New Orders were up. Survey is better than headlines indicate.
|Post USA Debt Ceiling Deal
||James Hamilton Economy will remain weak.
||Menzie Chinn: weak jobs growth should be no surprise.
|Systemic Risk from Banks and Sovereign Debt
||Elliott Morss, Amar Bhide and Edmund Phelps debate how to limit risk.
|Capitalism and Democracy
||Frank Li suggests these USA cornerstones may be on a collision course
||Frederick Sheehan argues investing community is mispricing the market.
|S&P USA Downgrade
||Karl Smith suggests the USA downgrade has shaken the national psyche.
|USA Spending vs Cutting to economic health
||Menzie Chinn: Only productive government spending can stimulate the economy. productive activities
|World Austerity Measures
||Marc Lavoie and Mario Seccareccia argue the G20’s approach to debt ensures Japanization of the global economy|
|S&P USA Downgrade
||Andrew Butter implies the downgrade was “asked for” – and offers solutions to balancing the USA budget
||Susan Feiner explains why the suggestion of USA bankruptcy is a hoax
|Global Banking Crisis||Robert Heubscher relays Jeffrey Gundlach’s message on bank risks.|
||Jeff Miller looks at recent market reactions to news.
|USA Market Crash
||Jason Simpkins correlates events to S&P downgrade; suggests places for investors to hide
|USA Market Valuations
||Andrew Butter looks at market valuation models – and the future.
||David Grandey compares the cyber world of the Matrix to current conditions
|Comparing Global Markets
||John Lounsbury ranks global markets during this correction