Weekly Highlights 24 June 2011

This is the table that accompanies the weekly economic review article at Global Economic Intersection:  Is a Negative Economic View Warranted?

Weekly Economic Release Scorecard:

Item Headline Analysis
Defensive Stocks

Chris Kimble illustrates that the normal defensive stocks may not be a good defense in today’s market
US Political System

Frank Li recommends a few changes
1Q2011 GDP final
Up 0.1%
May Durable Goods
Order backlog fell – Is there too much employment in this sector?
May New Home Sales
Sales improved & up YoY against 2010 tax incentive data
Index shows clearly the economy softened in April
Housing Inventory

John Lounsbury looks at the fuzzy world of shadow inventory in the housing market
May Existing Home Sales
Data is mediocre and weak, and not indicating a strong buying season
Demand vs Austerity

Scott Fullwiler describes the negative effects of budget balancing from an MMT viewpoint
Health Care Costs

Elliott Morss’ current installment highlights two more areas to make health care more affordable
Wall Street Bailout

Michael Hudson shows how Main Street was the big loser in the 2008 bailouts
Quantitative Easing

Brad DeLong and James Grant argue whether QE prevents recession or causes it.
Balance Sheets

Stephanie Kelton reviews the relationship between private & public sector balance sheets
Savings Rate

Michael Pettis argues that trade, industrial or tax policies distort savings rates
Jobs Creation

Bill Gross says the path to jobs growth does not run through a balanced budget
Debt Explosion

LEAP/E2020 claims a European debt explosion will trigger a global crisis
China Shadow Banking

Waiching Li believes the underground banking system is so large it undermines attempts to regulate the economy
QE3 Trigger

Asha Bangalore maps out the potential triggers for a QE3
Southern Hemisphere Wine

Elliott Morss describes the growing Southern Hemisphere wine production and consumption
QE3 Options

Edward Harrison looks at the Fed’s policy options if QE3 is considered
Future Equity Returns

Adam Butler & Mike Philbrick point out high investor returns are not in the future
Bernanke Press Conference

Jeff Miller believes slow economic growth will continue