This week, the economic summary article was published in the Opinion Blog, and is titled Victims and Winners of Economic Cycles.
Weekly Economic Release Scorecard:
Item | Headline | Analysis |
BLS Jobs Report | Employment up 103,000 | Very mixed employment picture. |
Consumer Credit | Down | Down for the year to date |
Same Chain Store Sales | Up 2.8% | Many numbers flying about – wait until US Census release |
December 2010 Home Prices | Down 1.63% | Double dip firmly underway |
ISM Non-manufacturing survey | Up 2.1% | Survey so quixotic this month it is meaningless |
ADP Employment Numbers | Up 297,000 | Historically large monthly increase |
FOMC Meeting Minutes | Insights into why treasury yields rising | |
Manufacturing New Orders | Up 0.7% | Flat |
Estonia’s Euro Adoption | What will happen to unemployment? | |
Bank of America Fraud Settlement | The $2.8 billion dollar settlement with Fannie & Freddie is the tip of the iceberg | |
Construction Spending | Up 0.4% | Down 6% YoY and is still bad |
ISM Manufacturing | Up 0.4% | It is getting hard to analyze these surveys |
Are Home Prices going up or down – Part 1 | Step-by-Step rebuttal of Reynolds and Perry | |
Are Home Prices going up or down – Part 2 | No evidence to support home prices will go up | |
Investors | Study of cognitive errors | |
Opinion: Home Prices | Home prices will fall further | |
Opinion: Economics Reporting | Return to old fashioned fundamentals | |
Opinion: China | Coal crisis could turn into Black Swan | |
Opinion: Causes of Great Recession | Causes of Great Recession and Slow Recovery are institutional problems |