This week, the economic summary article was published in the opinion blog, and asks Did Government Overspending Prevent Economic Armageddon? Read Scorecard table below:
Weekly Economic Release Scorecard:
Item | Headline | Analysis |
Chicago Purchasing Managers | Highest level since 1988 | Not credible |
Pending Home Sales | Home recovery underway | Dec 2010 sales forecast down 21% YoY |
Current Economic Crisis | Likely worse than the Great Depression in some areas | |
Jeffrey Fraenkel’s View of Current Crisis | Learn from emerging economies | |
January economic forecast | Improving conditions month over month | |
Consumer Confidence | Up and down | |
Current Account Deficit | Not a problem for India | |
Case Shiller home prices | Down 0.8% | Home price double dip underway |
Personal Transfer Payments | Increase equals GDP improvement via consumer spending | |
QE Indian Style | The dollar is the reserve currency while the rupee is not | |
Will Consumer Come Back in 2011 | No | |
Environmental and Energy Economics | Economic effects of climate change | |
Opinion: Wall Street Lies | Happy New Year | |
Opinion: Bailing out Banks | Bail out borrowers instead | |
Opinion: Econintersects 2011 economic predictions | Econintersect’s likely wrong predictions for 2011 | |
Opinion: Eurozone | Crisis will explode in 2011 |
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