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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Archive for March 17th, 2008

Live Video: Tuesday, March 18th @ 11AM EST!

Posted by WARREN MOSLER on 17th March 2008

Topic:
Discussion of March 18th FOMC meeting.

Airs:
Tuesday, March 18th, 2008 @ 11AM EST
Discussion of March 17th, 2008 Fed meeting

If you have an advanced questions, please email smosler@valance.us or leave a comment; otherwise, call (339) 368-6098 during the video conference.

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Posted in Fed, Interest Rates, Video | No Comments »

2008-03-17 US Economic Releases

Posted by WARREN MOSLER on 17th March 2008

2008-03-17 NAHB Housing Market Index

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.


2008-03-17 Current Account Balance

Current Account Balance (4Q)

Survey -$183.8B
Actual -$172.9B
Prior -$178.5B
Revised -$177.4B

The dollar flight picks up steam.


2008-03-17 Empire Manufacturing

Empire Manufacturing (Mar)

Survey -7.4
Actual -22.2
Prior -11.7
Revised n/a

2008-03-17 Empire Manufacturing TABLE (1)

2008-03-17 Empire Manufacturing TABLE (2)

Empire Manufacturing TABLE

The chart looks far worse than the table, which actually looks somewhat constructive.

And prices up (surprise!).


2008-03-17 Industrial Production

Industrial Production (Feb)

Survey -0.1%
Actual -0.5%
Prior 0.1%
Revised 0.1%

Q1 looking weak as advertised.


2008-03-17 Capacity Utilization

Capacity Utilization (Feb)

Survey 81.2%
Actual 80.9%
Prior 81.5%
Revised n/a

Some slack forming but not much.

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Posted in Daily | No Comments »