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Economic Charts
(as of 11/17/08) Work in Progress

Currencies
As of 07/01/09

Nolte Notes

Expect Volatility with the Fireworks

The daily market drama continued this week, but ended with merely a whimper. The quarterly close seems to take on more emphasis this time as investors hope the green shoots of the past month or two don’t wither under the intense summer sun. This week will be loaded with juicy economic data, from home prices to manufacturing and the usually interesting employment report – all packed into four days, just so we can get three days off to celebrate our country’s birthday. Read more

Economy News

Northern Trust

Daily Notes: Case-Shiller Home Price Index: Home Price Declines are Moderating

The Case-Shiller Home Price Index, the 20-city composite index, fell 0.89% in April, the smallest monthly decline since August 2007. On a year-to-year basis, the 20-city composite index fell 18.1% vs. an 18.7% drop in March. The 10-city Case-Shiller Price Index was down 18.0% from a year ago compared with an 18.7% drop recorded in March. The worst case scenario laid out in the Capital Assistance Program assumes a 22% year-to-year decline of the 10-city Case-Shiller Home Price Index in the fourth quarter of 2009, while a 14% drop is the baseline scenario. Read more

Lombard Street Research

Daily Note: Japanese deflation – coming back, near you

WE SUGGEST: Yen looks too strong SUMMARY: Notwithstanding the (eventual) improvement in Japanese trade this month,
and better sentiment, Japan’s corporate sector is being throttled. Pre-tax profits
collapsed by an historic 70% in the four quarters to Q1, EBITDA by 41%, and investment by 25%. With a weakened labour market yet to meaningfully reflect real developments, and murkier-than-hoped inventory data, deflation is back. Read more

Global Economics

Source: Bloomberg
(As of 06/30, Updated monthly)