Archive for the ‘Markets’ Category

China New Loan Issuance Slows Down In April; Rate Of Money Supply High

The most broad measure of money supply – M2 rose 17.5% y-o-y in April vs. 18.1% rise in March.
Chinese banks issued CNY 682 billion of new loans in April vs. CNY 1,010 billion in March and consensus of CNY 780 billion. New loan issuance first four months this year is 4.9% higher than in first four months 2011.

FOMC Statement – April 25, 2012

As expected, a non-event.

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

A full statement with changes tracked bellow.

FOMC Statement – January 25, 2012

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

Bloomberg TV: Goldman’s O’Neill Discusses Global Economic Outlook

Jim O’Neill, chairman of Goldman Sachs Asset Management, talks about the growth outlook for China and the impact on the global economy. (Source: Bloomberg)

Merry Christmas and Happy New Year!

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

Pending Home Sales Index Rose 10.4% In October

Pending home sales rose 10.4% in October vs. 4.6% fall in October. On year level, the index is up 9.1%.

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.

ECRI’s Lakshman Achuthan: We Are Going Into Recession

CNBC: ECRI’s Lakshman Achuthan: We Are Moving Into Recession

FOMC Statement – September 21, 2011

Actions as expected: operation twist has started. The committee has described the economic condition much more negatively then expected.

September Empire State Manufacturing At -8.8; U.S. Industrial Production Rose 0.2% In August

Empire State Manufacturing General Business Conditions Index for June came out at -8.8 vs. -4.0 consensus and prior reading of -7.7.

U.S. industrial production rose 0.2% in August. Consensus was at 0.0%, July reading was at 0.9%. On year level industrial production is up 3.3%.

Bernanke Jackson Hole Speech – A Big Nothing

In short – A big nothing

Tainted Alpha Second Anniversary

Two years have passed.

FOMC Statement – August 9, 2011

Most important sentence: “The Committee currently anticipates that economic conditions–including low rates of resource utilization and a subdued outlook for inflation over the medium run–are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013.” Economic growth so far this year has been considerably slower than the Committee had expected.

Three dissenters!!!

Summer Vacation At Tainted Alpha

I’m on vacation, so the posting will be sporadic in next two weeks.

U.S. Initial Jobless Claims At 429.000; Up 9.000

Initial jobless claims in the U.S. were reported at 429.000 vs. 415.000 consensus and last week revised (up 6.000) reading of 420.000.


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