This is the table that accompanies the weekly economic review article at Global Economic Intersection: Terrible Data Week: Is Inflation the Cause?
Weekly Economic Release Scorecard:
Item | Headline | Analysis |
Consumer Metrics |
Down |
Rick Davis shows the deviation between Main Street and GDP. |
UM Consumer Sentiment |
Up |
Doug Short technically reviews this unexpected improvement |
April PCE |
Up |
Considering inflation and population growth – data is flat to negative |
April Pending Home Sales |
Down |
Seriously terrible data – there is no way to spin this 26% decline as good |
1Q2011 GDP |
Unchanged |
Rick Davis sees growing consumer headwinds |
Initial Unemployment Claims |
Up |
What effect does the lower stimulus of the economy effect initial unemployment claims? |
1Q2011 GDP |
Unchanged |
Doug Short joins me in breaking down 1Q2011 GDP |
Short Sales |
Up 25% |
CoreLogic says it causes headwinds for stabilizing home prices |
Wines In China |
Elliott Morss describes the snob appeal of Bordeaux | |
April Durable Goods |
Down |
Durable goods sales had an outright contraction YoY |
April New Home Sales |
Up |
Maybe up, but the data is so terrible you cannot dress up this ugly pig |
May Auto Sales |
Down |
John Lounsbury puts car sales into perspective |
Mortgage Delinquencies |
Keith Jurow charts out growing homeowner serious deliquencies which can only end in foreclosure | |
April CFNAI |
Declined |
Shows the economy was still expanding but less good MoM in April |
Obesity and Health Care Costs |
Elliott Morss looks for investment opportunities |
|
Consumer Metrics |
Rick Davis shares graphically the terrible state of the consumer |
|
China & Germany |
Dirk Ehnts shows how the big exporters’ imbalances are growing again |
|
Eurozone Banking Crisis |
Clive Corcoran describes the current crisis as alternatively national and European |
|
Identifying THE current economic problem |
Frank Li is hitting hard at American politics which he claims is “cancerous” |
|
Reinventing the Economy |
Rick Davis’ current essay installment on getting a recovery going on Main Street |
|
Homeowner Association Foreclosures |
Kieth Jurow lists of a litany of abuses by Homeowner’s Associations |
|
Oil vs S&P 500 |
Albertarocks illuminates graphically how poorly stocks have done vs. commodities | |
Commodities |
Eric McCurdy believes a commodity correction is likely |