This is the table that accompanies the weekly economic review article at Global Economic Intersection: Is A Budget Deficit Necessary for an Economy?
Weekly Economic Release Scorecard:
Item | Headline | Analysis |
Invalid Mortgage Transfers |
Yves Smith looks at why the market will soon notice the mortgage securitization issues are not going away |
|
May Conference Board Leading Indicator |
Up |
The LEI is bucking the trend of every other leading indicator saying the future conditions are improving |
Consumer Metrics |
Rick Davis walks through the ongoing consumer contraction. |
|
May New Residential Permits |
Up |
This market sector is bottoming after falling since 2006 |
June Philly Fed Business Survey |
Big Down |
Second survey this week implying the economy may be contracting |
May Industrial Production |
Literally Flat |
YoY Growth trend has fallen from 8% to 4% in one year |
May Consumer Price Index |
Up to 3.6% |
Big price increase driver energy moderated, but offset by cars and clothing |
June Empire State Manufacturing Survey |
Big Down |
This noisy survey dipped into recession territory |
May Container Counts |
Up |
Counts are up 5% YoY showing the economy is still expanding |
March Business Sales |
Up |
Final manufacturing, wholesale and retail numbers are on the low side of current trends |
June Small Business Survey |
A little lower |
Small business is the producer of jobs in the USA |
May Retail Sales |
Down |
Flat or Up compared to April |
May Producer Price Index |
Up to 7.3% |
Manufacturing price increases still driven up by energy |
Global Financial Crisis |
Steve Keen wrote this post one year ago, and all that has changed is the can was kicked down the road |
|
May Treasury Statement |
A look at historical data shows less and less of government spending is getting into GDP |
|
Health Care Costs |
Elliott Morss points at five inefficiencies in the USA medical system |
|
Budget Balancing |
Rick Davis suggests budget balancing is recessionary, but can be offset by cost benefits of relaxing regulations |
|
The Volatility Machine |
Dirk Ehnts reviews Michael Pettis’ book |
|
European Debt Repudiation |
L. Randall Wray says it is time to admit the Euro Monetary Union was designed to fail |
|
USA – Tyranny & Oppression |
Washington’s Blog warns truth is the first casualty of war |
|
Trade in Eurozone |
Dirk Ehnts examines if you can consider trade between EMU countries as trade in a historical sense |
|
Ireland a Model for Fiscal Reform |
William Black believes Ireland proved as desirable a model for Europe as Texas proved as a model for federal deregulation of S&Ls | |
VIX |
Albertarocks charts out why the $VIX is not surging |
|
World Markets |
Doug Shorts compares global markets |
|
Call-Put Ratio | MacroTides explains the meaning of the current extreme lows |
|
USA Markets |
Jeff Miller says market sell off may have gone too far |
|
Iraq War |
Frank Li says the real cost of the Iraq War is not $ cost |