FOMC Minutes – January 4, 2011
Nothing exciting and new upon first (skim)reading.
Archive for the ‘Markets’ Category
Niall Ferguson: Empires on the Edge of Chaos
No secret I’m a big fan of Niall Ferguson. This is a great lecture on empire declines.
Baltic Dry Index At 1693, Down 4.5%
Baltic exchange released it’s first pricing after Christmas. Baltic Dry Index was reported down 4.5% at 1,693. Lowest reading since April 2009.
Morning Reading – January 4, 2010
*** The Telegraph: Overheating East to falter before the bankrupt West recovers ***
*** Council on Foreign Relations: When Irish IOUs are Smouldering ***
*** Project-Syndicate: Armageddon Can Wait ***
*** Caixin Online: Good Tidings in 2011 ***
*** The Big Picture: AAII Asset Allocation Survey: Bond Holdings at a 10-Month Low ***
*** The Big Picture: BofA Freddie Mac Putbacks Resolved for 1¢ on $ ***
*** Calculated Risk: House Prices: More Pessimistic Views ***
Daily Reading – January 3, 2011
*** Guardian.co.uk: Albert Edwards, SocGen bear, takes a bite out of China ***
*** The Big Picture: What to Expect in 2011 ***
*** The Big Picture: FDIC Bank Closings for 2010 ***
*** Calculated Risk: WSJ: Key to Real-Estate Rebound ***
*** Calculated Risk: Krugman: Deep Hole Economics ***
Happy New Year!
Happy New Year! Best wishes for 2010!
Hindenburg Omen Spotted On December 14, 2010
It has to be confirmed till January 20th, 2010 to be regarded as a sell signal.
Merry Christmas!
Merry Christmas to all of my readers!
U.S. Natural Gas Weekly – December 24, 2010
Working gas in storage fell 184 Bcf from previous week. The consensus was at 180 Bcf.
Storage level higher than year ago.
Visualizing Friendships By Facebook
Visualizing Friendships By Facebook.
Tainted Alpha Returns On Monday, December 13, 2010
Usual service continues on Monday.
Bond Market Challenging FED Goals?
The bond sell-off was much hyped across the media and various commentators have provided various explanations. From my point of view all of the reason’s given don’t make much sense. So, we’ll have to wait and see if something meaningful comes along.
I’ll only repeat the famous phrase ” Don’t fight the FED”, especially taking into account that they (FED) have proved that they are capable of doing everything needed to achieve their goals.
“Helicopter Ben” On CBS 60 Minutes
Summary: Economy is barely expanding at a sustainable pace; Will print more money if needed.
U.S. Natural Gas Weekly – December 3, 2010
Working gas in storage fell 23 Bcf from previous week. Consensus was at -29 Bcf.
To repeat: I expect large draws in following weeks.
ECB Disappoints
No real change in ECB policy and measures.