Archive for January, 2012

ECRI Weekly Leading Index Recovering

ECRI Weekly Leading Index for week ending January 20, 2012 was reported down 6.5% y-o-y. Prior reading was at -7.6%.

Daily Reading – Friday, January 27, 2012

FT Alphaville: SocGen: hedgies short euro against dollar “like never before”

FT Alphaville: Portugal, back in the frame

FT Beyond BRICs: China: digger sales in the ditch

The Big Picture: Average Correlation of S&P 500 (1986-2012)

The Big Picture: The Shift from Manufacturing to Service Economy

U.S. GDP Growth in Q4 2011 At 2.8%

U.S. GDP growth for Q4 was reported at 2.8%; consensus was at 3.0%. Q3 2011 reading was at 1.8%.

U.S. Petroleum Weekly – January 26, 2012

Crude stocks rose 3.5 million barrels; Gasoline stocks were down 0.4 million barrels; Distillate stocks fell 2.5 million barrels; Propane/propylene stocks fell 0.5 million barrels; Other oils stocks fell 2.5 million barrels; Total crude oil and petroleum stocks were down 4.3 million barrels.

FOMC Statement – January 25, 2012

Statement wording unchanged, federal funds rates at exceptionally low levels at least through late 2014.

Daily Reading – Wednesday, January 25, 2011

FT Alphaville: Apple wins at profits. And hyperbole

FT Alphaville: China is not rebalancing a) yet, or b) enough

FT Alphaville: Margin call, the LTRO movie

Macro Man: Non-Predictions for 2012 -Random

The Big Picture: The Fed again brings out its crystal ball

The Big Picture: Comparing Income, Corporate, Capital Gains Tax Rates: 1916-2011

The Big Picture: Euro Zone Bank Stress Test

The Big Picture: Fukushima Operator Admits 20% Increase In Radiation

Daily Reading – Tuesday – January 24, 2012

FT Alphaville: Flash PMIs and Germany’s bragging rights

FT Alphaville: Go directly to the ECB, do not pass Go, do not collect €200

FT Alphaville: UK debt: £1,003,900,000,000

FT Alphaville: Japan’s trade switcheroo

FT Alphaville: A Feng Shui facepalm

FT BeyondBRICs: India pauses on rates, cuts CRR

Bloomberg: Goldman Sachs Says U.S. Performance May Appear Better Than It Is: Economy

The Big Picture: Debt Doesn’t Matter ?

Dry Bulk Weekly – January 23, 2012

Baltic dry index fell 18.1% last week; Capesize Index was down 9.8%; Panamax Index fell 19.3%; Supramax Index was down 16.9%; Handysize Index fell 9.0%.

Tanker Weekly – January 23, 2012

Baltic Dirty Tanker Index rose 7.3%; Baltic Clean Tanker Index was unchanged for the week.

Daily Reading – Monday, January 23, 2012

The Daily Stag Hunt: The Correlation Of Laughter At Fomc Meetings

Gavyn Davies: Fed to reveal almost all

Gavyn Davies: How the Fed defeated President Truman to win its independence

FT Alphaville: The LTRO rally is young, says SocGen

FT Alphaville: The ECB creates artificial life

FT Alphaville: Mark Faber on why equities are better than ‘safe assets’

The Big Picture: Is Anyone Any Good at Picking Hedge Fund Managers?

The Big Picture: SecondMarket: Private Company Market 2011 Report

January HSBC/Markit China PMI At 48.8

HSBC/Markit PMI rose from 48.7 to 48.8.

Basically unchanged.

Daily Reading – Thursday, January 19, 2012

FT Alphaville: The EBA 9% rule and the Eurozone crisis

FT Alphaville: Who did, and didn’t, tap the three-year LTRO

FT Alphaville: BHL sur le late AAA

FT Alphaville: Greek lessons for Portugal

FT BeyondBRICs: Labour unrest in China – no letup soon

FT BeyondBRICs: [Snap]: Brazil cuts rates by 50bp

U.S. Initial Jobless Claims At 352.000; Down 50.000

Initial jobless claims in the U.S. were reported at 352.000 vs. 384.000 consensus and last week revised (up 3.000) reading of 402.000.

U.S. Housing Starts Down 4.1% In December

U.S. housing starts in September fell 4.1% to 657.000 vs. 685.000 November reading. Consensus was at 680.000. On year level U.S. housing starts are up 24.9%.

U.S. Consumer Price Index Unchanged In December

U.S. consumer price index was unchanged in December vs. 0.1% consensus and unchanged reading for November. On year level CPI inflation is running at 3.0%.

 

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