Merry Christmas and Happy New Year!
Merry Christmas and Happy New Year!
Tainted Alpha returns in 2012. Hope you all have nice holidays!
Archive for December, 2011
U.S. GDP Growth in Q3 2011 Revised To 1.8%
U.S. GDP growth for Q3 was revised from 2.0% to 1.8%; consensus was at 2.0%. Q2 2011 reading was at 1.3%.
November Chicago Fed National Activity Index At -0.37
Chicago Fed National Activity Index for November was reported at -0.37 vs. revised October reading of -0.11. Chicago Fed National Activity Index 3-month moving average is at -0.24.
U.S. Initial Jobless Claims At 364.000; Down 4.000
Initial jobless claims in the U.S. were reported at 364.000 vs. 380.000 consensus and last week revised (up 2.000) reading of 368.000.
Daily Reading – Thursday, December 22, 2011
FT Alphaville: Q&A: The ECB’s three-year loans
Gavyn Davies: ECB balance sheet sucked further into the crisis
The Big Picture: Draghi speaks and will likely pat himself on back
The Big Picture: Dividend-Paying Stocks
The Big Picture: Global Earnings Estimates Analysis
Spiegel Online: Argentina’s Lessons for a Crisis-Ridden Europe
Pragmatic Capitalism: NOT SO MUCH “HEDGING” IN HEDGE FUNDS THIS YEAR…
FT Alphaville Video: Interview with Goldman’s Jan Hatzius
Daily Reading – Tuesday, December 20, 2011
The Big Picture: Peanuts, beer, 3 yr loans here!
FT Alphaville: A €360bn LTRO?
FT Alphaville: The carry trade and the goldilocks LTRO
Calculated Risk: Housing Starts increase in November
Marginal Revolution: Roman Empire More Equal than the United States
Naked Capitalism: Mark Ames: The Massacre Everyone Ignored: Up To 70 Striking Oil Workers Killed In Kazakhstan By US-Supported Dictator
Dry Bulk Weekly – December 19, 2011
Baltic dry index fell 1.8% last week; Capesize Index was down 3.4%; Panamax Index rose 3.6%; Supramax Index was down 3.0%; Handysize Index fell 2.3%.
Tanker Weekly – December 19, 2011
Baltic Dirty Tanker Index rose 3.0%; Baltic Clean Tanker Index rose 12.1%.
ECRI Weekly Leading Index Update
ECRI Weekly Leading Index for week ending December 9, 2011 was reported down 7.5% y-o-y. Prior reading was at -7.7%.
Daily Reading – Friday, December 16, 2011
FT Alphaville: How big could the Sarko trade go?
FT Alphaville: More on the collateral crunch
FT Alphaville: It’s the balance of payments, stupid
FT Alphaville: A heretical glimpse into the ghost of copper future
The Big Picture: European bonds rallying sharply again
FT BeyondBRICs: India pauses on interest rates
U.S. Consumer Price Index Unchanged In November
U.S. consumer price index was unchanged in November vs. 0.1% consensus and October reading of -0.1%. On year level CPI inflation is running at 3.4%.
U.S. Natural Gas Weekly – December 16, 2011
Working gas in storage fell 102 Bcf from previous week. Consensus was at -92 Bcf.
Storage level is 177 Bcf higher than same time year ago and above 5-year average.
December Empire State Manufacturing At 9.5; Philadelphia Fed General Business Conditions Index At 10.3; U.S. Industrial Production Fell 0.2% In November
Empire State Manufacturing General Business Conditions Index for December came out at 9.5 vs. 3.0 consensus and prior reading of 0.6.
Philadelphia FED General Business Conditions Index rose from 3.6 to 10.3. Consensus was at 5.0.
PMI are showing signs of recovery.
U.S. industrial production fell 0.2% in November. Consensus was at 0.1%, October reading was at 0.7%.
Daily Reading – Thursday, December 15, 2011
The Big Picture: What Changes Await Us in 2012?
The Big Picture: France losing its AAA? Market says long overdue
FT Alphaville: China’s iron ore imports mystery, solved…
FT BeyondBRICs: [video] Tensions rise over land in south China
U.S. Producer Price Index Rose 0.3% In November
U.S. producer price index rose 0.3% in November vs. 0.2% consensus. October reading was at -0.3%. On year level PPI is up 5.9%.