Saturday, December 5, 2009

EconomPics of the Week: Recovery Edition?

The unemployment figure is the first true upside "surprise" that actually "surprised" me. While there are still enormous structural problems remaining in the global and U.S. economies, my thought has been that employment will be a leading (vs. its typical lagging) indicator this cycle. Thus, my hope that this will be an improving trend....

Economic Data
Unemployment Drops to 10%
Chicago PMI: Strength, but No Jobs
Still Shedding Jobs
European Unemployment Remains at 11 Year High
Random Blip or Double Dip?
Autos and Emerging Markets
Private Construction Slump Continues
Manufacturing Continues to Expand, but at Slower Pace
Durable Goods Down, But Out?
Japanese Industrial Production Up, but Disappoints

Asset Prices
Thanks to the Fed, We Have Narrow Spread
Equities Lost Decade
1.2% over 10 Years?
The Scale of Hedge Fund Gold Purchases

And to celebrate the economy's potential "waking up", your video of the week... Arcade Fire's 'Wake Up' in a live post concert stairway acoustic performance (you may have heard the album version from a commercial for 'Where the Wild Things Are'). For those looking for an album to buy, their first album 'Funeral' is absolutely amazing.