FOMC Statement – January 25, 2012
Statement wording unchanged, federal funds rates at exceptionally low levels at least through late 2014.
Archive for the ‘Markets’ Category
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.
FOMC Statement – June 22, 2011
FED acknowledged the recent slowdown in economic growth but the committee believes slowdown is only temporary. Committee expects that the pace of recovery will pick up and inflation rate subside to levels at or below those consistent with the FED’s dual mandate.
Asset purchases will be completed this month.
No indications of any new policies (jet).
Tainted Alpha Returns On June 6, 2011
I’m taking a brake from blogging because additional obligations I’m having are consuming too much of my time. Will be back on June 6, 2011.
B.
