Archive for November, 2010

Evening Reading – November 30, 2010

QE3, Wikileaks & BofA, insider trading, QE3 again, fast growing (emerging) frontier countries, Mr. Hoenig gets a companion, Gazprom and RDS friends…again…

Baltic Dry Index Down 24.6% From Recent High

It look like it will bottom last week, but it keeps on coming down…

November Conference Board Consumer Confidence At 54.1

Conference Board consumer confidence came out at 54.1 vs. 52.0 consensus and 49.9 revised reading for October.

November Chicago Purchasing Managers Index At 62.5

Chicago Purchasing Managers Index was reported at 62.5. The consensus was at 61.0, prior reading at 60.6.

Regional manufacturing surveys signal improvements in November. Using rule of thumb I would say that industrial production in November will be slightly positive.

U.S. House Price Indexes Update

All of the indexes fell in September.

S&P/Case-Shiller Home Price Indexes Fell In September

Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.7% In September; On year level 10 city index is up 1.5%.
Seasonly adjusted S&P/Case-Shiller HPI 20 city composite fell 0.8%; On year level 20 city index is up 0.5%.

Morning Reading – November 30, 2010

Interesting posts, interviews and videos today.

Spain and Italy Government Bond Spreads Hit Hard

Spain, Italy and Ireland at new record highs. Markets in panic mode.

I don’t see any other way how this could be reversed (meltdown prevented) except ECB bond purchases.

Evening Reading – November 29, 2010

Interesting posts for the second half of the day…

Morning Reading – November 29, 2010

Interesting posts today.

Rig Count Weekly – November 29, 2010

Number of crude oil drilling rigs fell for 7; Number of natural gas drilling rigs rose for 17.

Dry Bulk Weekly – November 29, 2010

Very nervous and volatile week. Markets again on crossroad; to reiterate my view: I expect rate recovery in near term, if rates fail to rebound and if Chinese commodity demand doesn’t return soon I would be very worried.

New Week Intro November 29, 2010

Important U.S. economic data: Important U.S. earnings this week:

U.S. Freight Carloads Weekly – November 28, 2010

U.S. railroads originated 297,990 carloads, up 3.8% compared with the same week in 2009 and up 1.3% compared with 5-year average. Week over week change was +0.2%.

European Stability Mechanism (ESM) Introduced By Euro Group

Euro Group (EU members which introduced Euro as their currency) introduced today the European Stability Mechanism (ESM). This is the finale of German push to introduce a mechanism for a private investor’s loss sharing in case of future bailouts.

The ESM kicks in in June 2013, which means Euro group support for Eurozone members in problems effectively stops then.


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