Evening Reading – November 30, 2010
QE3, Wikileaks & BofA, insider trading, QE3 again, fast growing (emerging) frontier countries, Mr. Hoenig gets a companion, Gazprom and RDS friends…again…
Archive for November 30th, 2010
Baltic Dry Index Down 24.6% From Recent High
It look like it will bottom last week, but it keeps on coming down…
November Conference Board Consumer Confidence At 54.1
Conference Board consumer confidence came out at 54.1 vs. 52.0 consensus and 49.9 revised reading for October.
November Chicago Purchasing Managers Index At 62.5
Chicago Purchasing Managers Index was reported at 62.5. The consensus was at 61.0, prior reading at 60.6.
Regional manufacturing surveys signal improvements in November. Using rule of thumb I would say that industrial production in November will be slightly positive.
U.S. House Price Indexes Update
All of the indexes fell in September.
S&P/Case-Shiller Home Price Indexes Fell In September
Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.7% In September; On year level 10 city index is up 1.5%.
Seasonly adjusted S&P/Case-Shiller HPI 20 city composite fell 0.8%; On year level 20 city index is up 0.5%.
Morning Reading – November 30, 2010
Interesting posts, interviews and videos today.
Spain and Italy Government Bond Spreads Hit Hard
Spain, Italy and Ireland at new record highs. Markets in panic mode.
I don’t see any other way how this could be reversed (meltdown prevented) except ECB bond purchases.