Global Macro Perspectives
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 for Q4 was reported at 2.8%; consensus was at 3.0%. Q3 2011 reading was at 1.8%.
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.
Statement wording unchanged, federal funds rates at exceptionally low levels at least through late 2014.
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
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 ?
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%.
Baltic Dirty Tanker Index rose 7.3%; Baltic Clean Tanker Index was unchanged for the week.
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
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
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 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 was unchanged in December vs. 0.1% consensus and unchanged reading for November. On year level CPI inflation is running at 3.0%.
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
