Posted by WARREN MOSLER on 7th February 2008
(an interoffice email)
I’m thinking they had to do something about the euro.
the eurozone exporters can be very convincing
warren
On Feb 7, 2008 10:41 AM, Karim wrote:
>
>
>
> Is taking hikes off the table, so:
>
> 1) No mention of acting ‘pre-emptively’
>
> 2) No one voted to hike (or cut) at meeting
>
> 3) Trichet: “I never subscribed to theory of decoupling’
>
> 4) Downside risks to growth now ‘confirmed’
>
>
>
> All the usual references to preventing 2nd round effects not new, 1-4 above
> is.
♥
Posted in EU, Interest Rates | No Comments »
Posted by WARREN MOSLER on 7th February 2008
Initial Jobless Claims (Feb 2)
| Survey |
342K |
| Actual |
356K |
| Prior |
375K |
| Revised |
378K |
Moving down, but will need to fall more next week to signal employment is doing reasonably well.
Continuing Claims (Jan 26)
| Survey |
2715K |
| Actual |
2785K |
| Prior |
2716K |
| Revised |
-2710K |
Back up a bit, but not through the highs, and reflects lasts weeks higher claims.
Total Pending Home Sales SA (Dec)
| Survey |
-1.0% |
| Actual |
-1.5% |
| Prior |
-2.6% |
| Revised |
-3.0% |
Down some, but not through the lows. October/November may still have been the bottom of housing.
ICSC Chain Store Sales YoY (Jan)
| Survey |
0.8% |
| Actual |
0.5% |
| Prior |
0.9% |
| Revised |
n/a |
Been drifting lower for quite a while. Part of the expected softening of domestic demand since Q2 2006.
Consumer Credit (Dec)
| Survey |
$7.4B |
| Actual |
$4.5B |
| Prior |
$15.4B |
| Revised |
$17.1B |
♥
Posted in Daily | No Comments »
