Tuesday, December 25, 2012

Wednesday: Case-Shiller House Prices, Richmond Fed Manufacturing Survey

by Bill McBride on 12/25/2012 07:33:00 PM

First a great story about Jack Klugman from Joshua Green at the WaPo: Jack Klugman’s secret, lifesaving legacy

And for those seeing Les Mis this week, here are couple of incredible performances of "I Dreamed a Dream", first by Ruthie Henshall at the 10th Anniversary and another by Lea Salonga at the 25th Anniversary Concert.

Wednesday economic releases:
• At 9:00 AM, the S&P/Case-Shiller House Price Index for October will be released. Although this is the October report, it is really a 3 month average of August, September and October. The consensus is for a 4.1% year-over-year increase in the Composite 20 index (NSA) for September. The Zillow forecast is for the Composite 20 to increase 4.1% year-over-year, and for prices to increase 0.3% month-to-month seasonally adjusted.

• At 10:00 AM, the Richmond Fed Survey of Manufacturing Activity for December will be released. The consensus is for a decrease to 6 for this survey from 9 in November (Above zero is expansion).

A couple of posts yesterday:
Review of My 2012 Forecasts
Ten Economic Questions for 2013

Two more questions this week for the December economic prediction contest (Note: You can now use Facebook, Twitter, or OpenID to log in).


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