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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 June 16th, 2008

2008-06-16 Weekly Credit Graph Packet

Posted by sada mosler on 16th June 2008


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IG On-the-run Spreads

IG6 Spreads

IG7 Spreads

IG8 Spreads

IG9 Spreads

The wiggles down give the Fed comfort that markets are functioning to price risk.


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2008-06-16 US Economic Releases

Posted by sada mosler on 16th June 2008


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Empire Manufacturing (Jun)

Survey -2.0
Actual -8.7
Prior -3.2
Revised n/a

Empire Manufacturing TABLE (Jun)

Looks like the worst is over, but the economy remains on the weak side.

Prices paid still way high.

Looks like number of employees up as well.

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Net Long-term TIC Flows (Apr)

Survey $63.3B
Actual $115.1B
Prior $80.4B
Revised $79.6B

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Total Net TIC Flows (Apr)

Survey $42.5B
Actual $60.6B
Prior -$48.2B
Revised $79.6B

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TIC TABLE (Apr)

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NAHB Housing Market Index (Jun)

Survey 19
Actual 18
Prior 19
Revised n/a

A bit worse than expected. Confidence is down all over due to food/crude/import prices. Might be the case here.

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NAHB Housing Market Index (Jun)


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