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Monday, December 27, 2010

Evening Reading

by Calculated Risk on 12/27/2010 09:48:00 PM

I'm always skeptical of these early reports, but from the NY Times: Defying the Pessimists, Holiday Sales Rebound

After a 6 percent free fall in 2008 and a 4 percent uptick last year, retail spending rose 5.5 percent in the 50 days before Christmas, exceeding even the more optimistic forecasts, according to MasterCard Advisors SpendingPulse, which tracks retail spending.
I'm still working my way through the Ten Economic questions for 2011:
Question #6 for 2011: Unemployment Rate
Question #7 for 2011: State and Local Governments
Question #8 for 2011: Europe and the Euro
Question #9 for 2011: Inflation
Question #10 for 2011: Monetary Policy

Economic release schedule for tomorrow:
9:00 AM: S&P/Case-Shiller Home Price Index for October. The consensus is for prices to decline about 0.4% in October; the fourth straight month of house price declines.
10:00 AM: Conference Board's consumer confidence index for December. The consensus is for an increase to 57.4 from 54.1 last month.
10:00 AM: Richmond Fed Survey of Manufacturing Activity for December. The consensus is for a reading of 11 (expansion), a slight increase from 9 last month.

Happy Holidays to All.