Posted by WARREN MOSLER on 30th July 2008
>
> European demand for $ funding has increased and surpassed the US demand
>
Pat, this is most problematic as it indicates the eurozone is strung out on $US debt.
At least the US banking system doesn’t have a problem with euro debt.
This compounds the systemic risk over there.
Warren
Posted in Currencies, Email | No Comments »
Posted by WARREN MOSLER on 30th July 2008
| Survey | n/a |
| Actual | -14.1% |
| Prior | -6.2% |
| Revised | n/a |
Softening.
| Survey | n/a |
| Actual | 309.5 |
| Prior | 335.6 |
| Revised | n/a |
Now drifting lower,
Partially because banks are taking market share as mortgage bankers find it more difficult to sell in the secondary market.
| Survey | n/a |
| Actual | 1074.4 |
| Prior | 1392.7 |
| Revised | n/a |
| Survey | -60K |
| Actual | 9K |
| Prior | -79K |
| Revised | -77K |
Surprise to the upside.
If this happens with Friday’s payroll number markets will be even further confused.
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