Daily Archives: July 25, 2008 @ 12:50 pm (Friday)

Nat gas

[Skip to the end] It was deregulated back in the 1970s, which brought out vast supplies causing utilities to substitute gas for oil and eventually break OPEC. I don’t see that kind of supply response lurking today. The Natural Gas … Continue reading

Posted in Currencies, Oil | Tagged , |

A surge of a different type

[Skip to the end] Government spending kicking in with 2007 spending that was delayed to 2008: Topical article: The GOP’s December Surprise by James K. Galbraith Durable Goods Orders Rise Unexpectedly by Michael M. Grynbaum A separate report showed that … Continue reading

Posted in USA | Tagged , , |

Japan CPI

[Skip to the end] from Dave: Japan core CPI last night came out at 1.9% as expected Petrol products were up +23.9% y/y Non fresh food products were up +3.5% y/y Core-Core CPI (ex energy and ex fresh food) rose … Continue reading

Posted in Japan | Tagged , , |

CNBC: Housing bottom story

[Skip to the end] His monetary analysis is ridiculous but we agree on this point: The Media Are Missing the Housing Bottom by Larry Kudlow Media reports painted a pessimistic picture of today’s release on existing home sales, which fell … Continue reading

Posted in Housing | Tagged , , , |

Reinhart got it right

[Skip to the end] I hadn’t noticed this back then, but Vince got it right: The Fed purchased the $30 billion of securities from JPM/Bear Stearns, with JPM agreeing that if there were any net losses it would be responsible … Continue reading

Posted in Fed | Tagged , , , , , , , , , , , , |

PI: Pension bill regarding commodities watered down

[Skip to the end] Looks like they buckled quickly to get the rest of the bill through ASAP. Pension fund provisions out of House bill by Doug Halonen A bill in the House Agriculture Committee that would deal with commodity … Continue reading

Posted in Pension, USA | Tagged , , , |

2008-07-25 US Economic Releases

[Skip to the end] Durable Goods Orders MoM (Released 8:30 EST) Durable Goods Orders YoY (Released 8:30 EST) Durables Ex Transportation (Released 8:30 EST) Durable Goods Orders ALLX (Released 8:30 EST) U of Michigan Confidence (Released 10:00 EST) U of … Continue reading

Posted in Daily | Tagged , , |