Economic Analysis Summary for Week Ending 03 December 2010

Weekly Economic Release Scorecard:

Item Headline Analysis
Is the current home foreclosure process criminal?   There is a disconnect between what is being said and what was done.
Pending Home sales Up 10% Down 25% YoY
Productivity Up 2.3% Productivity gains are no longer good news.
Ego and Riches   What drives people to success and what interferes?
Construction Spending Up 0.7% Likely spending contracted
Book Review: What investors Want    
ISM Manufacturing Economy expanding Not expanding fast enough to use capacity
ADP Jobs Up 93,000 Lower than normal November growth
G20 consensus   Likely the lack of consensus will bring unexpected change.
Consumer Confidence At 5 month high Little recovery from Great Recession lows
Case Shiller home Prices Down 2% in 3Q2010 Next leg down in house prices underway.
China Inflation   Discussion on interest rates and currency exchange rates
Economic Forecast   Long term outlook improving
Economic Forecast   December Outlook worse than November
Greenspan   Discussion of Greenspan put expiring worthless
Europe Economic Crisis   Analysis of default potential
Manufacturers Orders Decreased 0.9% Likely down
ISM non-manufacturing Conditions better MoM Too Rosy

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