Don’t let the small number of reports fool you

This was a relatively quiet week as far as the normal major economic reports go, but that’s to be expected after a couple weeks with a lot of reports being produced from nearly every major economy. This week brought some better news with it, as well as some financial stories that definitely bear keeping an eye on.

This week seemed to be one where a lot of the big wigs, at least in the American system, did a lot of talking. Federal Reserve Chair Ben Bernanke attended several conferences this week, speaking on everything from the current state of recovery to the hopes of the current administration to create a governing body to make sure this type of bank collapse doesn’t happen again. Whether this is a new organization or whether they are going to expand the current powers of the Fed is a question still up for debate and one that is definitely worth keeping an eye on.

The American stock market surged up at the end of the week with a very positive housing report, something that many are hoping will help the economy as well as blunt fears of a second wave of foreclosures.

While there were some good news reports for some nations, as always there is a bit of a mixed bag as not everyone performed above or to expectations. Still, even championship sports teams rarely win them all, so without any further wait, let’s take a further look at this week in review.

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