ECRI Weekly Leading Index Recovering
ECRI Weekly Leading Index for week ending January 20, 2012 was reported down 6.5% y-o-y. Prior reading was at -7.6%.
Archive for January, 2012
Daily Reading – Friday, January 27, 2012
FT Alphaville: SocGen: hedgies short euro against dollar “like never before”
FT Alphaville: Portugal, back in the frame
FT Beyond BRICs: China: digger sales in the ditch
The Big Picture: Average Correlation of S&P 500 (1986-2012)
The Big Picture: The Shift from Manufacturing to Service Economy
U.S. GDP Growth in Q4 2011 At 2.8%
U.S. GDP growth for Q4 was reported at 2.8%; consensus was at 3.0%. Q3 2011 reading was at 1.8%.
U.S. Petroleum Weekly – January 26, 2012
Crude stocks rose 3.5 million barrels; Gasoline stocks were down 0.4 million barrels; Distillate stocks fell 2.5 million barrels; Propane/propylene stocks fell 0.5 million barrels; Other oils stocks fell 2.5 million barrels; Total crude oil and petroleum stocks were down 4.3 million barrels.
FOMC Statement – January 25, 2012
Statement wording unchanged, federal funds rates at exceptionally low levels at least through late 2014.
Daily Reading – Wednesday, January 25, 2011
FT Alphaville: Apple wins at profits. And hyperbole
FT Alphaville: China is not rebalancing a) yet, or b) enough
FT Alphaville: Margin call, the LTRO movie
Macro Man: Non-Predictions for 2012 -Random
The Big Picture: The Fed again brings out its crystal ball
The Big Picture: Comparing Income, Corporate, Capital Gains Tax Rates: 1916-2011
The Big Picture: Euro Zone Bank Stress Test
The Big Picture: Fukushima Operator Admits 20% Increase In Radiation
Daily Reading – Tuesday – January 24, 2012
FT Alphaville: Flash PMIs and Germany’s bragging rights
FT Alphaville: Go directly to the ECB, do not pass Go, do not collect €200
FT Alphaville: UK debt: £1,003,900,000,000
FT Alphaville: Japan’s trade switcheroo
FT Alphaville: A Feng Shui facepalm
FT BeyondBRICs: India pauses on rates, cuts CRR
Bloomberg: Goldman Sachs Says U.S. Performance May Appear Better Than It Is: Economy
The Big Picture: Debt Doesn’t Matter ?
Dry Bulk Weekly – January 23, 2012
Baltic dry index fell 18.1% last week; Capesize Index was down 9.8%; Panamax Index fell 19.3%; Supramax Index was down 16.9%; Handysize Index fell 9.0%.
Tanker Weekly – January 23, 2012
Baltic Dirty Tanker Index rose 7.3%; Baltic Clean Tanker Index was unchanged for the week.
Daily Reading – Monday, January 23, 2012
The Daily Stag Hunt: The Correlation Of Laughter At Fomc Meetings
Gavyn Davies: Fed to reveal almost all
Gavyn Davies: How the Fed defeated President Truman to win its independence
FT Alphaville: The LTRO rally is young, says SocGen
FT Alphaville: The ECB creates artificial life
FT Alphaville: Mark Faber on why equities are better than ‘safe assets’
The Big Picture: Is Anyone Any Good at Picking Hedge Fund Managers?
The Big Picture: SecondMarket: Private Company Market 2011 Report
Daily Reading – Thursday, January 19, 2012
FT Alphaville: The EBA 9% rule and the Eurozone crisis
FT Alphaville: Who did, and didn’t, tap the three-year LTRO
FT Alphaville: BHL sur le late AAA
FT Alphaville: Greek lessons for Portugal
FT BeyondBRICs: Labour unrest in China – no letup soon
FT BeyondBRICs: [Snap]: Brazil cuts rates by 50bp
U.S. Initial Jobless Claims At 352.000; Down 50.000
Initial jobless claims in the U.S. were reported at 352.000 vs. 384.000 consensus and last week revised (up 3.000) reading of 402.000.
U.S. Housing Starts Down 4.1% In December
U.S. housing starts in September fell 4.1% to 657.000 vs. 685.000 November reading. Consensus was at 680.000. On year level U.S. housing starts are up 24.9%.
U.S. Consumer Price Index Unchanged In December
U.S. consumer price index was unchanged in December vs. 0.1% consensus and unchanged reading for November. On year level CPI inflation is running at 3.0%.