Archive for March 3rd, 2011

Video Of The Day: Bloomberg: Faber Says U.S. Stocks Will Outperform Emerging Markets

March 3 (Bloomberg) — Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for global stock markets. Faber also discusses the U.S. economy and commodity markets. He speaks with Tom Keene on Bloomberg Television’s “Surveillance Midday.” (Source: Bloomberg)

Trichet Paves The Way For A Interest Rise Next Month


European Central Bank President Jean-Claude Trichet said the ECB may raise interest rates next month to fight accelerating inflation pressures.
An “increase of interest rates in the next meeting is possible,” told reporters in Frankfurt today after the centralbank left its key rate at a record low of 1 percent. “Strong vigilance is warranted,” Trichet said, adding that any increase would not necessarily be the start of a “series” of moves.

U.S. Initial Jobless Claims At 368.000; Down 20.000

Initial jobless claims in the U.S. were reported at 368.000 vs. 295.000 consensus; last week revised (down 3.000) reading was at 388.000.

Four weeks moving average sharply lower.

Morning Reading – Thursday, March 3, 2011

*** William H. Gross – Two-Bits, Four-Bits, Six-Bits, a Dollar ***
*** Zero Hedge: A Deep Walkthru For Silver Manipulation – Redux ***
*** FT Alphaville: Bahrain’s strategic importance, graph du jour ***
*** FT Alphaville: Quick, to the MRO ***
*** The Slope Of Hope: The Obvious Cover ***
*** The Slope Of Hope: AAII Sentiment Survey ***
*** Bloomberg: Cargill Buys Almost 1 Million Tons of Sugar in Expiring Futures Contracts ***

U.S. Petroleum Weekly – March 3, 2011

To repeat: If Libya doesn’t restart producing with full capacity soon the price of oil will go up.

In U.S.: Markets are well supplied, demand historically speaking weak, refiners cutting refining capacity and crude oil imports. WTI – Brent pricing disparity still very high.


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