March 3rd, 2011 by Belisarius
*** William H. Gross – Two-Bits, Four-Bits, Six-Bits, a Dollar ***
*** Zero Hedge: A Deep Walkthru For Silver Manipulation – Redux ***
*** Pragmatic Capitalism: PERSPECTIVE ON THE COPPER/OIL DIVERGENCE ***
*** FT Alphaville: Bahrain’s strategic importance, graph du jour ***
*** FT Alphaville: Quick, to the MRO ***
*** The Slope Of Hope: The Obvious Cover ***
*** The Slope Of Hope: AAII Sentiment Survey ***
*** Bloomberg: Cargill Buys Almost 1 Million Tons of Sugar in Expiring Futures Contracts ***
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March 3rd, 2011 by Belisarius
To repeat: If Libya doesn’t restart producing with full capacity soon the price of oil will go up.
In U.S.: Markets are well supplied, demand historically speaking weak, refiners cutting refining capacity and crude oil imports. WTI – Brent pricing disparity still very high.
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March 2nd, 2011 by Belisarius
CNBC’s Jon Fortt has the story on Apple’s Steve Jobs taking the stage today to unveil the new iPad.
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March 2nd, 2011 by Belisarius
ADP Employment rose 217,000 in February vs. revised (up 2,000) gain of 189,000 in January.
This was widely off the mark in recent months, but if we judge just on this nonfarm payrolls on Friday (rule of thumb) could be slightly lower than 193.000 consensus.
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March 2nd, 2011 by Belisarius
Challenger’s count of layoff announcements was reported at 50,702 in February vs. 38,519 in January.
Slightly up…
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March 2nd, 2011 by Belisarius
MBA mortgage applications fell 6.5%; Prior reading was an increase of 13.2%; On year level MBA Basic Index is down 29.3%.
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March 2nd, 2011 by Belisarius
*** FT BeyondBRICs: Gulf: no escape from contagion fears ***
*** Roubini Global Economics: Why Portugal Needs a Bailout in One Chart ***
*** FT Alphaville: Portugal, a broken debt market ***
*** Felix Salmon: When Goldman’s board meetings leaked ***
*** The Big Picture: Marc Faber Interview ***
*** FT Alphaville: Brazil’s balance sheet, oil, and the BRL ***
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March 1st, 2011 by Belisarius
PIMCO’s Mohamed El-Erian on U.S. and world economy, Middle East…
Some serious slaps to Ben Bernanke.
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March 1st, 2011 by Belisarius
Skip CNBC bla bla bla and fast forward to 02:20…
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March 1st, 2011 by Belisarius
U.S. construction spending fell 0.7% in January vs. 0.8% consensus and 1.6% fall (revised from 2.5% fall) in November. On year level we are at -5.9%.
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March 1st, 2011 by Belisarius
ISM Manufacturing Index was reported at 61.4 vs. prior reading of 60.8 and consensus of 61.0.
Highest reading in more than 25 years. Improved ISM Manufacturing Index suggest strong(er) industrial production growth in the U.S.
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March 1st, 2011 by Belisarius
*** FT BeyondBRICs: Saudi stocks plunge 7.4% ***
*** FT Alphaville: Saudi contagion shivers ***
*** Zero Hedge: Jim Rogers: “Saudi Arabia Is Lying About Being Able To Increase Its Oil Production” ***
*** FT Alphaville: Madoff, father of the automated trade ***
*** The Atlantic: The Myth of Japan’s ‘Lost Decades’ ***
*** The Wall Street Journal Law Blog: The Big Suit? Michael Lewis Sued Over Mortgage Meltdown Book ***
*** The Big Picture: “Trade the First Day, then Stay Away” ***
*** The Slope Of Hope: No Ship, Sherlock ***
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March 1st, 2011 by Belisarius
Official (China Federation of Logistics & Purchasing and National Bureau of Statistics) China PMI fell form 52.9 to 52.2; HSBC/Markit PMI fell from 54.5 to 51.7.
Weakening, but inline with expectations.
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February 28th, 2011 by Belisarius
Pending home sales fell rose 2.0% in January vs. revised (down from +2.0%) fall of 3.2% in December. On year level, the index is down 1.6%.
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February 28th, 2011 by Belisarius
Chicago Purchasing Managers Index was reported at 71.2. Consensus was at 67.5, prior reading at 68.8.
Highest reading since 1988. Prepare for a blowout ISM Manufacturing.
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