Econintersect’s Analysis Summary for w/e 31 December 2010

This week, the economic summary article was published in the opinion blog, and asks Did Government Overspending Prevent Economic Armageddon?  Read Scorecard table below:

Weekly Economic Release Scorecard:

Item Headline Analysis
Chicago Purchasing Managers Highest level since 1988 Not credible
Pending Home Sales Home recovery underway Dec 2010 sales forecast down 21% YoY
Current Economic Crisis   Likely worse than the Great Depression in some areas
Jeffrey Fraenkel’s View of Current Crisis   Learn from emerging economies
January economic forecast   Improving conditions month over month
Consumer Confidence   Up and down
Current Account Deficit   Not a problem for India
Case Shiller home prices Down 0.8% Home price double dip underway
Personal Transfer Payments   Increase equals GDP improvement via consumer spending
QE Indian Style   The dollar is the reserve currency while the rupee is not
Will Consumer Come Back in 2011   No
Environmental and Energy Economics   Economic effects of climate change
Opinion: Wall Street Lies   Happy New Year
Opinion: Bailing out Banks   Bail out borrowers instead
Opinion: Econintersects 2011 economic predictions   Econintersect’s likely wrong predictions for 2011
Opinion: Eurozone   Crisis will explode in 2011
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