Archive for September 21st, 2010

FOMC Statement, September 21 2010

They admitted only that the pace of recovery has slowed in recent months and introduced a hint of additional measures. Like I expected only the weakening economic activity is not fully addressed. Unexpectedly a fear of deflation and a will to fight it is introduced into statement (in two instances), in my view completely off the mark. The main […]

FOMC Statement Preview

I would say that the market (equity especial) is pricing further QE measures being announced today. Since there was some reservation and conflicting views during the last FOMC meeting on the reinvestment of agency and MBS debt and economic data is not deteriorating as fast as in anticipation of previous meeting, the odds that FED will introduce additional QE today are slim, in […]

U.S. Housing Starts Rose 10.5%; Number Of Building Permits Issued In The U.S. Rose 1.8%

(For August) U.S. housing starts in August rose 10.5% to 598.000 vs. revised (5.000 lower) 541.000 July reading. The consensus was at 550.000. On year level U.S. housing starts are up 2.9% Chart 1. U.S. Housing Starts Number of building permits issued in the U.S. in August rose 1.8% to 569.000. The consensus was at 560.000. […]


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