Econintersect’s Analysis Summary for w/e 21 January 2011

This week, the economic summary article was published in the Opinion Blog, and is titled USA Trade Deficit Exports 1.3 million Jobs

Weekly Economic Release Scorecard:

Item Headline Analysis
Philly Fed Business Survey Down Slightly Big jump in new orders and backlog
Existing Home Sales Up MoM Down YoY, Inventories up YoY, home prices remain relatively flat
New Residential Construction Up 16.7% MoM The data is an improvement on terrible
Oil Shocks and Economic Recessions   Correlates oil prices to USA recessions
Empire State Manufacturing Survey Up slightly Still showing manufacturing expanding
Sea Container Counts Up 16% YoY Record exports but import’s improvements were larger
Inflation Rates   Comparing Shadowstat’s data to the CPI
China and the Trade Gap   Is trade war looming?
J P Morgan   Dragons, Haircuts and the Doomsday Machine
Consumer Sentiment   Consumer and small business sentiment remains at or near levels associated with the bottoms of other recent recessions
Opinion: Global Economic Chaos 2011   Societies on the edge of socio-economic break-up
Opinion: China   Trying to guess China’s direction and policy responses
Opinion: Belgium   Will the seat of the EU leave the Union?
Opinion: 2011   Cautiously optimistic on the U.S. and global economy
Opinion: Federal Reserve   What would it have been like if the Federal Reserve was not created.