Weekly Economic Release Scorecard:
| Item | Headline | Analysis |
| Comparison of Current Financial Crisis to Ancient Babylonia | The current crisis will not end until we deal with debt. | |
| GDP | Revised up to 2.5% | Consumer Is Lagging GDP growth |
| New Home Sales | Down 8.1% MoM | Lowest level since US Census created this database |
| Personal Income and Expenditures | Income up 0.5% MoM | Shows 4Q2010 GDP is off to a good start |
| Durable Goods | Decreased 3.3% MoM | Likely durable goods new orders increased – but is increasing at a slower rate. |
| Structural World economic instability | Evolving world where change is inevitable | |
| FOMC Meeting Minutes | Argued over effect of QE2 on the US$ | |
| Existing Home Sales | Fell 2.2% MoM | Worst October sales since the housing crisis began |
| 3Q2010 GDP | Revised up to 2.5% | A major factor in QoQ GDP growth was a slower growth in imports |
| Chicago Fed National Activity Index | Up to -0.28 | Real Index declined from -0.33 to -0.48 |
| Currency Conflicts | Escalation of conflict over the Chinese exchange rate regime |
[...] Other economic releases reviewed this week by Econintersect are shown in the following table – For interactive table, click here: [...]
[...] Other economic releases reviewed this week by Econintersect are shown in the following table – For interactive table, click here: [...]