Global Macro Perspectives
The Big Picture: This is the week, again
The Big Picture: At Hedge Funds, Breakeven is the New Black
Gavyn Davies: Fed bazooka aimed at the eurozone
FT Alphaville: The Fed hath spoken
FT Alphaville: Employment since the 2008 Peak
FT Alphaville: Le plan, negatifs taux d’intérêt, redux
U.S. railroads originated 265,305 carloads, down 12.6% compared with the same week in 2010 and down 12.3% in relation to 5-year average. Week over week change was -12.1% . This was all due to Thanksgiving Day seasonality.
Baltic dry index rose 3.3% last week; Capesize Index was up 11.8%; Panamax Index fell 5.2%; Supramax Index was down 3.3%; Handysize Index fell 2.5%.
Baltic Dirty Tanker Index fell 0.8%; Baltic Clean Tanker Index rose 3.0%.
(For November 2011) ISM Manufacturing Index was reported at 52.7 vs. prior reading of 50.8 and consensus of 51.8.
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 52.0 to 50.9. Consensus was at 49.8.