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.  See the weekly economic summary article: Debt Ceiling: Killing the Golden Goose

Weekly Economic Release Scorecard:

Item	Headline	Analysis
June Sea Container Counts		A 4.5% YoY contraction in imports after 16 straight months of YoY growth
June Consumer Price Index	Unchanged	The core inflation rate is approaching the Fed’s target inflation rate
July Empire State Manufacturing	Less Bad	Survey remains in negative territory for the second month
July Michigan Consumer Sentiment	Down Big Time	Major drop and well below consensus
June Industrial Production	Up	Data is flat – that is good because surveys were suggesting IP would fall
Advance June Retail Sales	Up 0.1%	Likely up 0.5% on record June Sales
June Producer Price Index	Down to 7.0%	Moderation is solely caused by better crude prices in June – literally everything else is rising
June Export Import Prices	Import prices up 13.6% YoY	Export prices up 9.9% YoY.
May Job Openings and Labor Turnover	Unchanged	Contradictory trends in May JOLTS provides only half an answer to the bad employment data
May Trade Balance	Growing deficit	Growing trade deficit is a sign the economy is not softening
June NFIB Sentiment Survey	Down Slightly	The report turned into a rant against government policies
June Diesel Usage	Up	This data suggests the economy may be entering a new growth cycle
Housing Demographics		Chris Porter: Will demographics lead to a home building expansion cycle?
June Rail Traffic	Less Good	Coal shipping is down. Ignoring coal, rail traffic is up strongly
Consumer Metrics	Less Bad	Rick Davis reviews the current data
Oil Price Spikes		Lance Roberts shows the psychological “cost pressure” impacting consumer behavior.
Employment Growth		Graphic proof big business is the cause of poor employment numbers since 2001
June Jobs Data		A leading indicator in the BLS report is still strong – the economy is still expanding
USA President		Frank Li says age makes a difference in selecting a President
Indian Rupee		Ajay Shah suggests policy issues concerning trading of Rupees.
Debt Ceiling		Krugman is criticized for making debt ceiling issue partisan
Mortgage Fraud		John Lounsbury: the mortgage settlement is a whitewash
Greek Debt		Warren Mosler’s plan to end Greek crisis considered by EU
Greek Default		Elliott Morss: open letter to Greek pres. recommends default
$VIX		Shah Gilani reviews the mechanics of the volatility index
China Investments		Sanjeev Kulkarni: the USA and Europe may become Chinese economic colonies
USA Corporate Earnings		Jeff Miller says that corporate earnings have grown even if the economy has not
Defensive Stocks		Dee Gill suggests some defensive stocks for today’s volatility