Posted by WARREN MOSLER on 17th March 2008
Topic:
Discussion of March 18th FOMC meeting.
Airs:
Tuesday, March 18th, 2008 @ 11AM EST

If you have an advanced questions, please email smosler@valance.us or leave a comment; otherwise, call (339) 368-6098 during the video conference.
Posted in Fed, Interest Rates, Video | No Comments »
Posted by WARREN MOSLER on 17th March 2008

NAHB Housing Market Index (Mar)
| Survey |
20 |
| Actual |
20 |
| Prior |
20 |
| Revised |
n/a |
Still looking like housing may have bottomed October/November, as previously discussed.

Current Account Balance (4Q)
| Survey |
-$183.8B |
| Actual |
-$172.9B |
| Prior |
-$178.5B |
| Revised |
-$177.4B |
The dollar flight picks up steam.

Empire Manufacturing (Mar)
| Survey |
-7.4 |
| Actual |
-22.2 |
| Prior |
-11.7 |
| Revised |
n/a |


Empire Manufacturing TABLE
The chart looks far worse than the table, which actually looks somewhat constructive.
And prices up (surprise!).

Industrial Production (Feb)
| Survey |
-0.1% |
| Actual |
-0.5% |
| Prior |
0.1% |
| Revised |
0.1% |
Q1 looking weak as advertised.

Capacity Utilization (Feb)
| Survey |
81.2% |
| Actual |
80.9% |
| Prior |
81.5% |
| Revised |
n/a |
Some slack forming but not much.
Posted in Daily | No Comments »