Monthly Archives: 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 … Continue reading

Posted in Daily | Tagged , , , , , , , , |

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 … Continue reading

Posted in Daily | Tagged , , |

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 … Continue reading

Posted in Email, Fed, Interest Rates | Tagged , , , |

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 … Continue reading

Posted in Fed | Tagged , , , |

More signs of a turn

IG On-the-run Spreads IG6 Spreads IG7 Spreads IG8 Spreads IG9 Spreads

Posted in Credit | Tagged |

2008-04-21 Weekly Credit Graph Packet

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

Posted in Credit | Tagged |

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 … Continue reading

Posted in USA |

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 … Continue reading

Posted in USA | Tagged |

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 … Continue reading

Posted in Daily |

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 … Continue reading

Posted in China | Tagged , |