Weekly Highlights 08 July 2011

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.  Please see the weekly economic summary article:  Trade & Recessions – Missing the Forest for the Trees.

Weekly Economic Release Scorecard:

Item Headline Analysis
Oil Bubble?

Andrew Butter suggests the equilibrium range for crude oil prices
June BLS Jobs
Little Growth
Tend to believe ADP’s better data may be closer to the truth
May Wholesale Sales
With sales at record levels, what does being down mean?
Ireland & Argentina

Pablo Schiaffino and Jose Luis Machinea compare the two financial crises and possible solutions
June ISM Services
The internal items are conflicted
May Manufacturing Sales
It is up MoM, but in a YoY downtrend

Barry Eichengreen looks at global imbalances and the prospects for a solution

Michael Pettis investigates the duress of small and medium business enterprises
Consumer Metrics

Rick Davis reports current consumer situation
China GDP

Michael Pettis digs into GDP and concludes it is overstated

Rick Davis suggests immigration may be a solution to the USA aging population
Greece Debt

John Lounsbury suggests the planned roll over debt is default
Greek Taxation

Andrew Butter looks at tax avoidance – Greek style
Free Markets

Derryl Hermanutz says government interference in health care & housing have inflated costs
Greek Deals

Michael Hudson believes a national referendum is necessary to bind future governments to an austerity program
Forecasting the Market

Chris Turner looks optimistically and pessimistically at P/E ratios
TED Spread

Michael Haltman reviews how to assess when financial crisis is underway
Crisis du Jour

Jeff Miller looks at the worries facing investors
Auction Rate Securities

John Lounsbury updates a largely ignored scandal

Frank Li shares his views of the positive & negatives for each economy