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%.
Daily Reading – January 18, 2012
The Big Picture: Google, Wikipedia, 1000s Go Black to Protest SOPA/PIPA
The Big Picture: Web Sites to Go Dark
The Big Picture: IMF wants more cash, glass half full or half empty?
FT Alphaville: Goldman in Q4…
FT Alphaville: China’s property sector goes from bad to worse
FT Alphaville: World Bank joins the gloomfest
FT Alphaville: The great Australian bond run
Calculated Risk: Industrial Production increased 0.4% in December, Capacity Utilization increased
the bonddad blog: The ECRI Weekly Leading Index, unmasked
Monthly Strategy – January 2012
The consensus with which I agree is that the Euro zone is heading into a recession. While the economic activity has somewhat improved over the last months in the U.S. I remain doubtful whether the U.S. can escape the recession when Europe enters one. The data coming from China doesn’t (jet) point to a hard landing. For the time being it looks like that the Chinese government is in control. The measures to contain inflation and raising real-estate prices are successful, while in the same time China is has taken early steps to increase domestic consumption and re-balance the economy. One should not disregard and keep close watch on soft data coming from China especially in real estate and commodity related industries which are not reflected in the official data and could be pointing to serious issues.
Bloomberg TV: Goldman’s O’Neill Discusses Global Economic Outlook
Jim O’Neill, chairman of Goldman Sachs Asset Management, talks about the growth outlook for China and the impact on the global economy. (Source: Bloomberg)
Daily Reading – Tuesday, January 17, 2012
FT Alphaville: Don’t worry, it’s normal for China’s GDP to appear a little weird
An American Perspective from China: BBC: China’s 2011 GDP Numbers
FT Alphaville: Is it a rally, or is it short covering?
FT Alphaville: Citi results disappoint
FT Alphaville: How will the world live with $100 oil?
The Big Picture: 2011: Disastrous Year For Mutual, Hedge Fund Managers
FT BeyondBRICs: UBS on EM equity: where you’ve made money or lost it, and how that will change