Global Macro Perspectives
(For The Week Ending October 29, 2010) QE 2 !!! Chart 1. Crude Oil Futures Chart 2. Crude Oil Futures Curve Chart 3. Weekly Change in U.S. Crude Oil and Distillates Stocks Chart 4. Crude Oil, Gasoline and Distillate Fuel Implied Demand Chart 5. Crude Oil Implied Demand Seasonality Chart 6. U.S. Total Crude Oil, […]
(For The Week Ending October 29, 2010) Working gas in storage rose 67 Bcf from previous week. Consensus was at 64 Bcf. Colder weather has arrived and this has always been positive for natural gas price. Chart 1. Natural Gas Futures Chart 2. Working Gas in Underground Storage Compared with 5 Year Average Chart 3. Natural Gas Futures […]
(For The Week Ending October 30, 2010) Initial jobless claims in the U.S. were reported at 457.000. The consensus was at 442.000, last week revised (up 3.000) reading was at 437.000. Again, the decrease did not get confirmed by next week reading. DOL again miscalculated the seasonal effects (Columbus day). Chart 1. U.S. Initial Jobless Claims
(For October 2010) Monster Employment Index fell to 136 in October; September reading was at 138. Monster Employment Index is a gauge for online job demand; so no changes here. Charts 1. Monster Employment Index
And the view from the man himself. The Washington Post: What the Fed did and why: supporting the recovery and sustaining price stability. By Ben S. Bernanke Thursday, November 4, 2010 Two years have passed since the worst financial crisis since the 1930s dealt a body blow to the world economy. Working with policymakers at […]
This is the best QE2 analysis out-there. FT Blogs Post: QE2 is about asset prices, not the economy