U.S. Industrial Production Rose 0.4% In November
U.S. industrial production rose 0.4% in November. The consensus was at 0.3%, October revised (down -0.2%) reading was at -0.2%. On year level industrial production is up 5.4%.
Empire State Manufacturing Survey For December At 10.57
Empire State Manufacturing Survey for December came out at 10.57 vs. 5.0 consensus and -11.14 prior reading.
MBA Mortgage Applications Down 2.3%
MBA mortgage applications fell 2.3%; Prior reading was a decrease of 0.9%; On year level MBA Basic Index is down 11.6%.
U.S. Consumer Price Index Rose 0.1% In November
U.S. consumer price index rose 0.1% in November vs. 0.2% consensus and October reading of 0.2%. On year level CPI inflation is running at 1.1%.
Morning Reading – December 15, 2010
Real Time Economics on retail sales and GDP growth *** Economix on economic inequality causing crises *** Green on China “peak coal” *** FT Alphaville on private exchanges and private placements *** FT Alphaville on Spain *** FT Alphaville on Bill Gross municipal bond investments *** FT Alphaville on Mervyn King Wiki Leaks adventures *** FT Alphaville U.K. government bailout exit *** Calculated Risk on mortgage rates *** The Big Picture on Bernie Madoff, Uncle Sam, Charles Ponzi and current economic picture *** The Big Picture interest rates ***The Big Picture on foreclosuregate *** Felix Salmon on missed opportunities in history of internet ***
Afternoon Reading – December 14, 2010
FT Alphaville on Belgium debt problems *** Macro Man on Squeezes, Ratings Agencies, Lawyers and Haircuts *** The Big Picture on FED ownership of the U.S Treasury Curve *** The Big Picture on small business optimism *** The Big Picture on who mortgage documentation flow ***
FOMC Statement – December 14, 2010
Literally nothing new here.
Visualizing Friendships By Facebook
Visualizing Friendships By Facebook.
U.S. Retail Sales Rose 0.8% In November
U.S. retail sales rose 0.8% in November. The consensus was at 0.6%, October reading (revised up 0.5%) was at +1.7%. On year level retail sales are up 7.0%.
U.S. Producer Price Index Rose 0.8% In November
U.S. producer price index rose 0.8% in October vs. 0.6% consensus. October reading was at 0.4%. On year level PPI is up 3.5%.
Morning Reading – December 14, 2010
FT BeyondBRICs on Google and Baidu China popularity contest *** FT Alphaville on todays Spanish debt auction *** FT Alphaville on ECB technical insolvency *** FT Alphaville on Hungary legislative adventures *** Self Evident on municipal bond bankruptcies and defaults ***
Evening Reading – December 13, 2010
*** Slope Of Hope on equity market prospects *** FT Alphaville reviews BIS data on European banks peripheral exposure *** FT Alphaville on BIS European banks peripheral exposure again *** FT Alphaville on ECB European peripheral bond buying *** FT Alphaville on Ireland GDP growth *** FT BeyondBRICs on China – Africa trade flows *** Calculated Risk on U.S. negative equity properties ***
Rig Count Weekly – December 13, 2010
Number of crude oil drilling rigs fell for 21; Number of natural gas drilling rigs fell for 13.
On world scale number of drilling rigs rose for 68 rigs in December. Bulk of the gains coming from North America.
Morning Reading – December 13, 2010
*** The New York Times on derivatives trading monopoly *** The Economist pools forecasters *** The Economist on nuclear power reactors *** FT Alphaville on EFSF *** FT Alphaville on POBC not raising interest rates *** CLSA via. Zero Hedge on China 2011 outlook *** CLSA via. Zero Hedge on Chinese inflation *** Can Turtles Fly? on John Maynard Keynes as an investor *** The Big Picture on credit collapse *** The Big Picture on FDIC bank failures *** The Big Picture on other people opinions *** The Big Picture on Irish bankers *** FT BeyondBRICs weekly calendar ***
Dry Bulk Weekly – December 13, 2010
Baltic dry index fell 3.4% last week; Capesize Index was down 9.7%; Panamax Index fell 1.1%; Supramax Index rose 4.8%; Handysize Index was up 1.7%.
Iron stockpiles ticked up a bit; Steel inventory falling.