November 4th, 2011 by Belisarius
*** Bond Vigilantes: Why you shouldn’t just read the headlines on US unemployment ***
*** FT Alphaville: About that last bastion of health in Europe ***
*** FT Alphaville: Five steps to financial crisis ***
*** An American Perspective from China: NPR and CNN: More On Europe and China ***
*** The Big Picture: QOTD: Chanos on Europe, China ***
*** The Big Picture: Are Italian Yields Once Again At The Tipping Point? ***
*** The Big Picture: A Short NFP Q&A ***
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November 4th, 2011 by Belisarius
Further deterioration in fundamentals.
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November 4th, 2011 by Belisarius
Nonfarm payrolls rose 80.000 in October; Consensus was at 95.000; September reading was an increase of 158.000 (revised up 55.000). Unemployment was reported at 9.0% vs. prior reading and consensus of 9.1%.
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November 3rd, 2011 by Belisarius
*** FT Alphaville: ECB cuts rates 25bps ***
*** FT Alphaville: Isda has a bone to pick with you (and so can we!) ***
*** FT Alphaville: FOMC statement, 2 November 2011 ***
*** The Big Picture: FOMC Statement – Changes Versus Last Month ***
*** Econbrowser: Exports in the Recovery ***
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November 3rd, 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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November 3rd, 2011 by Belisarius
I would say that the market is balanced now and all depends on the economic conditions.
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November 2nd, 2011 by Belisarius
*** BeyondBRICs: Andy Xie: China shouldn’t aid eurozone ***
*** BeyondBRICs: Guangzhou: prime land auction flops ***
*** FT Alphaville: What is going on in Italian T-bills? ***
*** FT Alphaville: Eurozone PMIs – Feeling gloomy ***
*** PIMCO: Pennies from Heaven ***
*** Advisor Perspectives: ECRI Recession Watch: Growth Index Virtually Unchanged ***
*** Bloomberg: Greece Will Eventually Leave Euro, Rogoff Says ***
*** New York Magazine: Kim Kardashian Is a Smart Investor ***
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November 2nd, 2011 by Belisarius
Challenger’s count of layoff announcements was reported at 42,759 in October vs. 115,730 in September.
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November 2nd, 2011 by Belisarius
ADP Employment rose 110,000 in October vs. revised (up 25,000) gain of 116,000 in September.
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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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