"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

The Required Disclosures

The information presented in this blog and its individual articles is provided for informational use only and should not be considered investment advice or an offer for a particular security. The contents reflect the views and opinions of the individual writer as of the date the article was written and do not necessarily represent the views of the individual writer on the current date. They also do not in any way, shape, or form represent the views of the Firm Never-To-Be-Named. Any such views are subject to change at any time based upon market or other conditions and The Great Redoubt and its individual writers disclaim any responsibility to update such views. These views should not be relied on as investment advice, and because investment decisions for any security are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any contributor to The Great Redoubt. Neither The Great Redoubt nor any individual author can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial advisor for additional information concerning your specific situation.

Monday, June 13, 2011

What's Happening This Week?

Just a quick look into the future, so you know what to expect in the way of market-moving economic measures.
Tuesday brings us the NIFIB Small Business Optimism Index (aka "what sort of mood are half the employers in the United States in"), the  Producer Price Index (aka "What does it cost to make things") and Retail Sales (a quick look at the change in total receipts in stores that sell durable and/or non-durable goods[1]).
Wednesday brings us the MBA's Purchase Applications index (a look at the weekly change in the number of new and refinance mortgage applications), the Consumer Price Index ("inflation! Inflation! INFLATION!") and Industrial Production ("now that we know how much more it costs to make stuff, how much stuff are we making?").  Maybe the Empire State Manufacturing Survey ("what do New York manufacturers think about the current economy") and the Housing Market Index ("what kind of demand is there for housing"), depending on how busy I get.
Thursday brings us Housing Starts ("how many new homes did we start building"), Jobless Claims ("Yip yip yip yip yip yip, sha na na na na, get a job!  Sha na na na na, sha na na nanana na!") and the Philadelphia Fed Survey ("We're kind of like the Empire State survey, except that people care").
And Friday?  Consumer Sentiment and Leading Indicators.
So, it's a bit of a busy week.
[1]  I used to joke that, if you're including durable and non-durable goods, there's nothing left.  But, it turns out that there are also intangible goods.  Intangible goods are services, things you can't touch/see/eat, like accounting or higher mathematics.  Stuff that's kind of essential to the economy, but isn't really considered to things that are produced.

No comments:

Post a Comment