Archive for December, 2011

Merry Christmas and Happy New Year!

Merry Christmas and Happy New Year!
Tainted Alpha returns in 2012. Hope you all have nice holidays!

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


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%.


Get Adobe Flash player