October 27th, 2011 by Belisarius
*** The Tell: Top 10 greetings on Hu Jintao’s voice mail – Must read! ***
*** Gavyn Davies: EMU summit leaves €1,000 billion to be raised ***
*** FT Alphaville: Greek lessons from John Major, Latvia and Ireland ***
*** FT Alphaville: Who can (or cannot) cut it ***
*** Macro Man: RIP DM Sovereign CDS (2006-2011) ***
*** The Big Picture: Is Amazon the Latest Victim of Apple? ***
*** The Economist: Hard times ***
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October 27th, 2011 by Belisarius
Initial jobless claims in the U.S. were reported at 402.000 vs. 401.000 consensus and last week revised (up 1.000) reading of 404.000.
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October 27th, 2011 by Belisarius
U.S. GDP growth for Q3 was reported at 2.5%; consensus was at 2.5%. Q2 2011 reading was at 1.3%.
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October 27th, 2011 by Belisarius
Strong price action in the front end of the curve pushed the WTI into backwardation.
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October 27th, 2011 by Belisarius
So, the basis of the agreement is a 50% cut in the face value of Greek bonds held by private creditors. The agreement will reduce Greek debt level to 120% of GDP by 2020.
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October 26th, 2011 by Belisarius
Durable goods new orders fell 0.8% in September vs. -1.0% consensus and 0.1% fall in August.
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October 26th, 2011 by Belisarius
*** The Big Picture: Is the Worst of the Bear Market Behind Us? ***
*** FT BeyondBRICs: No help soon for China’s developers ***
*** FT BeyondBRICs: China: Just how fine a tuning? ***
*** FT Alphaville: Cheap China ***
*** Macro Man: The Euro Summit Schedule (maybe). ***
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October 25th, 2011 by Belisarius
Seasonly adjusted S&P/Case-Shiller HPI 10 city fell 0.2% in August; On year level 10 city index is down 3.6%.
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October 25th, 2011 by Belisarius
*** The Big Picture: A Tale of 2 Seasonal Investors ***
*** The Big Picture: Deja Vu? Acuthan of ECRI on 4/2/08 when stocks were shooting up after recession call ***
*** The Big Picture: Felix Zulauf: The Die is Cast ***
*** The Big Picture: The Tragedy of Steve Jobs ***
*** FT Alphaville: China GDP forecasts and net exports ***
*** FT Alphaville: WTI is no longer a burden to passive investors ***
*** FT Alphaville: Bullish bears and the worst-case scenario ***
*** FT BeyondBRICs: Roubini: Goodbye China, hello Indonesia ***
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October 25th, 2011 by Belisarius
Huge move in WTI futures curve in the last two days. In theory this should be bullish.
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October 24th, 2011 by Belisarius
*** FT Alphaville: A tale of two PMIs ***
*** FT Alphaville: US in possible downgrade encore shock ***
*** Gavyn Davies: Great Recession may cost US economy $5,900 billions ***
*** The Big Picture: Repairing Infrastructure Can Help Economy ***
*** The Big Picture: Dropbox startup lessons learned 2011 ***
*** The New York Times: It’s All Connected: A Spectator’s Guide to the Euro Crisis ***
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October 24th, 2011 by Belisarius
Chicago Fed National Activity Index for September was reported at -0.22 vs. revised August reading of -0.59. Chicago Fed National Activity Index 3-month moving average is at -0.21.
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October 24th, 2011 by Belisarius
Baltic dry index fell 0.1% last week; Capesize Index was down 0.6%; Panamax Index fell 2.8%; Supramax Index was up 0.8%; Handysize Index rose 0.5%.
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October 24th, 2011 by Belisarius
Baltic Dirty Tanker Index rose 2.8%; Baltic Clean Tanker Index fell -2.8%.
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October 24th, 2011 by Belisarius
HSBC/Markit PMI rose from 49.4 to 51.1.
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