| Weekly Economic Release Scorecard: | ||
| Item | Headline | Analysis |
| Expected Costs to Banks for Put-Backs | Earnings may not cover the $31 billion of put backs | |
| Empire State Manufacturers Survey | New Orders crashed to recession levels | This is a survey – and may be indicating incorrectly |
| Philly Fed Business Survey | Business conditions near all time highs | New Orders are on the high side of normal |
| Conference Board Leading Economic Indicator | Spring 2011 to have moderate economic improvement | At conflict with ECRI’s WLI which is implying the opposite |
| Fed FOMC member Elizabth Duke | The chain of title issues for mortgages will resolve over time | Understating the potential crisis in the foreclosure market |
| Fed FOMC member Elizabeth Duke | Testimony to house subcommittee on legal problems in foreclosure process | |
| Residential Building Permits | 0.5% improvement Month over Month | Decline in building permits continues |
| Producer Price Index | 0.4% increase Month over Month | PPI increases not being passed on to consumers |
| Consumer Price Index | Up 0.2% Month over Month | Core inflation continues to fall |
| New Home Construction | Will slowing begin to drive GDP growth | |
| Industrial Production | Flat in October 2010 | Likely decreased slightly |
| G20 meeting | QE2 is depreciating the Dollar at a time the other currencies are unable to counter | |
| Transport – sea containers | Overall Counts are improving | Possibly indicates a reduction in USA demand |
| Business Sales | Up 0.5% – inventory to sales ratios growing | Likely inventory to sales ratios are not increasing |
| Retail Sales | Up 1.2% | Maybe up as retailers are pushing forward Christmas |
| European Crisis | An analysis of the German position | |
| 19-Nov-10 | ||
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