NFIB Small Business Optimism Index For January At 94.1
NFIB Small Business Optimism Index for January was reported at 94.1 vs. consensus of 94.0 and prior reading of 92.6.
Highest post-recession reading.
Archive for February 8th, 2011
Chinese Central Bank Surprisingly Raised 1-Year Benchmark Interest Rate To 6.06%
POBC raised key one-year lending rate for 0.25% to 6.06%. Timing of the announcement came as a surprise to the markets, as the rise was expected further into the first quarter.
To repeat: Raising interest rates and stalling real-estate prices are a bad cocktail. I will cover China even more extensively next year, as big things could come from here.
Morning Reading – Tuesday, February 8, 2011
*** The Economist: Can we trust TIPS? ***
*** FT Alphaville: China’s lunar rates rise ***
*** FT Alphaville: From the FT mailbag ***
*** FT Alphaville: Subprime metals ***
*** FT Alphaville: In Pharaoh’s currency markets ***
*** The Big Picture: Surprisingly Strong Q4 2010 Revenues ***
*** The Big Picture: Nonrevolving consumer credit outstanding at record high ***
*** The Slope of Hope: The Ongoing Bear Wedgie ***
*** The Slope of Hope: Broken Metal ***
*** The Slope of Hope: Picking Off the Sissies, Again ***