Interactive Weekly Economic Scorecard November 19, 2010

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

One reply on “Interactive Weekly Economic Scorecard November 19, 2010”

Comments are closed.