Archive for October 27th, 2011

Daily Reading – Thursday, October 27, 2011

*** The Tell: Top 10 greetings on Hu Jintao’s voice mail – Must read! ***
*** Gavyn Davies: EMU summit leaves €1,000 billion to be raised ***
*** FT Alphaville: Greek lessons from John Major, Latvia and Ireland ***
*** FT Alphaville: Who can (or cannot) cut it ***
*** Macro Man: RIP DM Sovereign CDS (2006-2011) ***
*** The Big Picture: Is Amazon the Latest Victim of Apple? ***
*** The Economist: Hard times ***

U.S. Initial Jobless Claims At 402.000; Down 1.000

Initial jobless claims in the U.S. were reported at 402.000 vs. 401.000 consensus and last week revised (up 1.000) reading of 404.000.

U.S. GDP Growth in Q3 2011 At 2.5%

U.S. GDP growth for Q3 was reported at 2.5%; consensus was at 2.5%. Q2 2011 reading was at 1.3%.

U.S. Petroleum Weekly – October 27, 2011

Strong price action in the front end of the curve pushed the WTI into backwardation.

My Take On EU Agreement On Greece

So, the basis of the agreement is a 50% cut in the face value of Greek bonds held by private creditors. The agreement will reduce Greek debt level to 120% of GDP by 2020.


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