Archive for February 24th, 2011

Video Of The Day – CNBC: America: The Oil King?

In the western states alone, America may have three times more oil than Saudi Arabia. James Bartis of Rand, David Welch of Stone Energy and Omar Turbi, an expert in US-Libyan relations, weigh in.

Daily Reading – Thursday, February 24, 2011

*** Spare Capacity Theory ***
*** FT Alphaville: Why you really can’t swap Libyan oil for Saudi ***
*** FT Alphaville: Scrambling to swap Libyan crude for Saudi ***
*** FT Alphaville: Nomura’s $220-a-barrel crisis oil call ***
*** FT Alphaville: Eurozone bond buybacks, unmoored ***
*** FT BeyondBRICs: Asian emerging markets and $120 oil ***
*** China Financial Markets: Zaiteku and China’s January inflation ***

Chicago Fed National Activity Index For January At -0.16

Chicago Fed National Activity Index for January was reported at -0.16 vs. revised December reading of 0.18. Chicago Fed National Activity Index 3-month moving average was at -0.1.

CFNAI is pointing to mild economic growth.

U.S. Durable Goods New Orders Rose 2.7% In January

Durable goods new orders rose 2.7% in January vs. 2.8% consensus and -0.4% revised fall in December (revised upwards from -2.5%).

U.S. Initial Jobless Claims At 391.000; Down 22.000

Initial jobless claims in the U.S. were reported at 391.000 vs. 405.000 consensus; last week revised (up 3.000) reading was at 413.000.

Lot of noise in data;. Four weeks moving average slowly moving lower.


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