Monthly Archive:: April 2008

2008-04-30 US Economic Releases

[skip to the end] MBAVPRCH Index (Released 7:00 EST) MBAVREFI Index (Released 8:15 EST) ADP Employment Change (Released 8:30 EST) GDP QoQ Annualized (Released 8:30 EST) Personal Consumption (Released 8:30 EST) GDP Price Index (Released 8:30 EST) Core PCE QoQ (Released 8:30 EST) Employment Cost Index (Released 8:30 EST) Chicago Purchasing Manager ...Read More

2008-04-29 US Economic Releases

[skip to the end] S&P/CS Composite-20 YoY (Released 9:00 EST) S&P/CaseShiller Home Price Index (Released 9:00 EST) Consumer Confidence (Released 10:00 EST) ABC Consumer Confidence (Released 17:00 EST) S&P/CS Composite-20 YoY (Feb) Survey -12.0% Actual -12.7% Prior -10.7% Revised n/a Was still heading down in February. S&P/CaseShiller Home Price Index (Feb) Survey ...Read More

Re: WSJ: Greg Ip’s Article

right, it’s a way to keep the ff rate from falling below target, but does nothing for ‘liquidity’ that’s not already being done. seems fomc maybe still struggling with ‘monetary operations’ From: Adam Sent: Tuesday, April 29, 2008 3:59 AM To: a Subject: CS: DEF WORTH A READ – GREG IP ARTICLE ...Read More

Chicago fed report for march

CORRECTION – CHICAGO – RPT-Chicago Fed Midwest factory activity lower in March by Ros Krasny Editing by Dan Grebler (Reuters) The Chicago Federal Reserve Bank said on Monday its Midwest manufacturing index was lower in March, hurt by a slump in auto output. The index fell 0.7 percent to a seasonally adjusted ...Read More

More signs of a turn

IG On-the-run Spreads IG6 Spreads IG7 Spreads IG8 Spreads IG9 Spreads ...Read More

2008-04-21 Weekly Credit Graph Packet

IG On-the-run Spreads IG6 Spreads IG7 Spreads Is the worst over? ...Read More

Current Proposals

Proposals that Happen to Bewithin the Mainstream Paradigm For the Fed: In general, don’t use the liability (deposit) side of banking as a source of market discipline. Specifically, eliminate most of the interbank markets by lending directly to US FDIC insured banks vs any/all ‘bank legal’ collateral in any size at the ...Read More

2008-04-25 Valance Chart Review

Twin themes remain: Weakening demand continues from Q2 2006 Price indexes continue higher as Saudis continue to hike prices and let quantity adjust Markets are pricing in the end of Fed Funds cuts due to diminished systemic deflationary risk and escalating inflation readings. Down, but not out. Most surveys are still trending ...Read More

2008-04-25 US Economic Releases

U. of Michigan Confidence (Apr F) Survey 63.2 Actual 62.6 Prior 63.2 Revised n/a From Karim: Even weaker than expected at 62.6 vs initial estimate of 63.2. 5-10yr inflation expectations move to higher end of recent range from 3.1% to 3.2% Following changes from March to April: Personal finances 93 to 86 ...Read More

2008-04-24 China News Highlights

Interesting statements here. China can’t afford politically to allow growth to slow sufficiently to cut employment growth, inflation not withstanding. This stance ultimately weakens the currency, one way or another: (Bloomberg) China should stick with its tight monetary policy unless the economy’s expansion slows to below 9 percent, a National Bureau of ...Read More