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Item |
Headline |
Analysis |
Comparison of Current Financial Crisis to Ancient Babylonia |
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The current crisis will not end until we deal with debt. |
GDP |
Revised up to 2.5% |
Consumer Is Lagging GDP growth |
New Home Sales |
Down 8.1% MoM |
Lowest level since US Census created this database |
Personal Income and Expenditures |
Income up 0.5% MoM |
Shows 4Q2010 GDP is off to a good start |
Durable Goods |
Decreased 3.3% MoM |
Likely durable goods new orders increased – but is increasing at a slower rate. |
Structural World economic instability |
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Evolving world where change is inevitable |
FOMC Meeting Minutes |
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Argued over effect of QE2 on the US$ |
Existing Home Sales |
Fell 2.2% MoM |
Worst October sales since the housing crisis began |
3Q2010 GDP |
Revised up to 2.5% |
A major factor in QoQ GDP growth was a slower growth in imports |
Chicago Fed National Activity Index |
Up to -0.28 |
Real Index declined from -0.33 to -0.48 |
Currency Conflicts |
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Escalation of conflict over the Chinese exchange rate regime |
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