This is the table that accompanies the weekly economic review article at Global Economic Intersection: Budget Balancing: Heads You Lose, Tails You Lose:
Weekly Economic Release Scorecard:
| Item | Headline | Analysis |
| May Employment | +54,000 |
+83,000 comparable to ADP – but decline was predicted by our economic model |
| May ISM Services | Up |
Services unlikely is up MoM – but this is a survey, not data |
| April Manufacturing |
Down |
Barely positive YoY growth – and the data is weak across the board |
| Economic Modeling |
Steve Keen shares his approach to modeling macroeconomics | |
| May ISM Manufacturing |
Less Good |
Overall not as weak as the headline suggests |
| April Construction Spending |
Up |
Not only is construction down, but in a negative trend reversal due to data revisions |
| May ADP non-farm private jobs |
+38,000 |
Really terrible data |
| May Conference Board Consumer Confidence |
Up |
Doug Short shows confidence remains a recessionary levels |
| March Case-Shiller |
Down |
Down but we know the normal spring price upswing is underway |
| June Economic Forecast |
Less good |
|
| China Debt |
Michael Pettis looks at whether China’s high-growth investment-driven model has reached its limits | |
| USA Health Care |
Elliott Morss points out what needs to be fixed |
|
| USA Laws & Legal Systems |
Washington Blog shows the USA has turned into a nation of secret laws |
|
| USA Future |
Robert Reich lays out what it will take to bring the USA economy back to prosperity | |
| Euro and Debt Crisis |
Michael Hudson’s perspective is that Debts that Can’t be Paid, Won’t Be | |
| USA Fiscal Policy Failure |
David Rosenberg believes the USA solution is to follow Canada’s lead |
|
| China & USA |
Frank Li believes the USA must be more like China, and China must become more like the USA. |
|
| Equilibrium |
Dirk Ehnts elaborates on economic models which must take into consideration the monetary side |
|
| Health Care |
Rick Davis wants health care revisited, this time focusing on cost reduction, not universal coverage |
|
| USA Macroeconomics |
MacroTides views conditions creating weak growth and exposure to negative surprises |
|
| NYC Home Prices |
Keith Jurow’s investigation shows housing prices ripe for collapse |
|
| Brazil, India, China |
MacroTides warns of risks |
|
| Chinese Stocks |
Erik McCurdy charts out his bearish medium term position |