Week‘s Preview: Global Economic Slowing, Rising US Inflation.

<p>Well, This week something a little different. I'll be previewing the week ahead, and trying to connect some dots between the various economic reports that we receive each day. </p> <p>There is nothing more meaningless, as far as I'm concerned with the average way we present economic news. Generally, you receive a disjointed economic report, perhaps with an indication of whether the report is up or down from the last monthly level.</p> <p>But without any real context, it all makes little to no sense. The unemployment report from East Swaziland, won't tell you much unless you know what the general level of employment in Swaziland is increasing or decreasing, and whether their economy is gaining or losing momentum.</p> <p>So, beginning today, I'll try to provide some context to the weekly reports we receive. And indicate my sense of where that countries economy is headed.</p> <p>We begin this week around the world in Australia. I see Australia as one of the most economically troubled countries in the world, due almost entirely to their political leadership. </p> <p>Which, as far as I'm concerned has gone around the bend in their efforts to suppress their populace in an effort to “protect” them from the pandemic. The trouble here is that Australia has some of the lowest infection rates anywhere, and some of the most extreme lockdown measures.</p> <p>And the effects of the lock-down are really starting to move the economic needle. Early Monday morning Australia will report their latest number of building permits issued in October. The Street estimates that this number has dropped by nearly 13% over the month before.</p> <p> I expect that their Home Price Index will also be under pressure. You see lock-downs have consequences. These 2 Australia reports will be waiting for you early tomorrow morning.</p> <p>The next big report we want to focus on will be on your desk overnight Tuesday. It is the Chinese Balance of Trade Report. </p> <p>Now Analysts on Wall Street and Politicians in Washington keep telling me