Monday 13

Retail Sales- Consensus 0.2

3 Month & 6 Month Bill Auction

Tuesday 14

Producer Price Index  PPI Consensus Forecast for July 07: +0.1 percent 

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales.  This measure tracks weekly sales from discounters, chain and department stores.

International Trade Gauges economic trends by measuring levels of imports and exports.

4 Week bill Auction

Housing Market Index-Produced by the National Association of Home Builders.  This is a survey which is filled out by the members of this organization and it gives their opinion of the general state of the housing market and the economy.

Empire State Manufacturing Survey-monthly survey of manufacturers in New York State.Consensus 18

Industrial Production Consensus  $-61.0B

Treasury Int'l Capital-measures foreign demand for our debt and assets by tracking flows of financial instruments into and out of the U.S.

CPI-Consumer Price Index- measures average price of a fixed set of goods and services used by consumers.

MBA Purchase Applications measures applications at mortgage lenders.  This is considered a leading indicator for single family home sales and housing construction.

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

 Thursday 16

Housing Starts Consensus 1.410M  Starts slipped in May by a revised 3.4%, followed by a rebound of 2.3% Starts are projected to remain weak for July.

Jobless Claims Unemployment claims. Consensus 315k

EIA Natural Gas Report-Tracks natural gas inventories.

Leading Indicators -Consensus -.1%

Philidelphia Fed Survey- Consensus 8.0...the lower the number indicates a slower growth rate for manufacturing.

3 , 6 month Treasury Bill Annoucement  Investors use this data to attempt to predict future Federal Reserve policy.

Money Supply

Friday 17

Consumer Sentiment Consensus 88

Well, last week was interesting to say the least! 

We saw an extremely volatile week as it looks like the subprime mess is seeping into other parts of the economy.  Stocks ended the week a bit higher, first time in 4 weeks, betting that the government will provide some sort of bail out for this mess.  Basically the subprime loans that were packaged into funds that people could invest in have little or in most cases no liquidity, which means people can't get their money out.  Additionally you have all the folks looking at foreclosure because they can't pay their higher mortgage payments as they readjust.

Some interesting reports due out this week, so we'll see what happens next! 

Have a great week!

Remember to click on the links for more information on each report.

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