Archive for June 10th, 2011

U.S. Natural Gas Weekly – June 10, 2011

Working gas in storage rose 80 Bcf from previous week. The consensus was at 78 Bcf.

Storage level is 269 Bcf lower than same time year ago and bellow 5-year average.

This looks promising.

Daily Reading – Friday, June 10, 2011

*** The Big Picture: Checklist: How to Spot a Bubble in Real Time ***
*** The Big Picture: The Great QE2 Flush Out ***
*** The Big Picture: Hours of Labor Required to Buy One Unit of Gold or Oil ***
*** Pragmatic Capitalism: Paul Krugman & Richard Koo Are Both Wrong ***
*** FT Alphaville: Doubling a losing bet, really fast ***
*** FT Alphaville: When algorithms fight, natgas edition ***
*** FT Alphaville: The future is all about cross-asset arbitrage ***
*** FT BeyondBRICs: China’s skyscraper boom: next a bust? ***
*** The World Turns to Coal ***
*** Bloomberg: Tracking Talent Flows in Silicon Valley ***
*** US universities in Africa ‘land grab’ ***

China Trade Balance Surplus Smaller Than Expected In May

China trade balance was reported at USD 13.5 billion vs. USD 11.4 billion in April and USD 19.3 billion consensus. Export and import growth were running at 19.4 and 28.4 percent vs. 29.9 and 21.8 percent y-o-y in April.

Big miss, but we had large positive surprise in April.


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