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Weekly Highlights 29 April 2011

This is the table that accompanies the weekly economic review article:  Economy Remains on Life Support:

Weekly Economic Release Scorecard:

Item Headline Analysis
1Q2011 GDP

Rick Davis suggests the weak numbers are a perfect excuse for more monetary intervention
March Personal Income & PCE
Up
Consumption increase is 66% price increases. Disposable income 80% nullified by inflation
1Q2011 GDP
Up 1.8%
Government spending contraction the news in this low number
March CFNAI
Up
This super economic coincident index is now showing economy growing at trend
March Pending Home Sales
Up
Not up – Pending home sales index has been down YoY for the last 8 of 9 months
March Durable Goods
Up
Sharp improvement
Home Mortgage Defaults

Likely strategic mortgage defaults will be a growing problem
April Conference Board Consumer Confidence
Up
Comparing consumer confidence “recovery” and trends over the last 5 recessions
February Case-Shiller home prices
Down
Compares all leading home price indexes.
Income Inequalities
Growing
Showing growing income disparity in the USA
March New Home Sales
Up
Not up – but there is light in the tunnel
China Inflation

Menzie Chinn questions whether Chinese inflation is endangering the USA economy
Deficit Reduction

Elliott Morss looks at taxing options to lower the deficit
Frank-Dodd

Yves Smith pokes holes in FDIC belief they could have prevented the destruction caused by Lehman’s collapse
Corporate Forward Earnings

Jeff Miller points out most investors are not using good forward earning information
Australian All Ordinaries
Paul Hanly overviews the Oz market from a historical perspective
Commodities

Erik McCurdy argues a correction is coming
Are things out of control?

John Lounsbury shares a video on the progression of the information age
Arizona Senate Bill 1259

Martin Andelman questions whether the banking lobby was involved in the disappearance
Economic End Games

Rick Davis examines the “art” of economic solutions – and who profits
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One Response to Weekly Highlights 29 April 2011

  1. Pingback: Economy Remains on Life Support – superworkweb.com