Daily Archives: August 20, 2008 @ 9:57 pm (Wednesday)

The 8000lb bear in the room

[Skip to the end] There’s nothing credit issues can do to GDP that fiscal policy can’t handle. Congress has seemingly figured that out and probably the rest of the world as well as evidenced by the new proposed fiscal packages … Continue reading

Posted in Fed, Inflation, Russia |

Quick update

[Skip to the end] (an email sent late this afternoon) Hi all! Sorry for this impersonal mass email- would have liked to do each individually. I’m in Cleveland now, scheduled to get my mitral valve repaired Monday (aka heart surgery). … Continue reading

Posted in Email |

Bloomberg: Vitol Reclassified by CFTC as `Non-Commercial’ Trader, WSJ Says

[Skip to the end] Seems the liquidation may be ending, but just guessing. Vitol Reclassified by CFTC as `Non-Commercial’ Trader, WSJ Says by Alexander Kwiatkowski (Bloomberg) Vitol Group was reclassified by the Commodity Futures Trading Commission as a “non-commercial” trader, … Continue reading

Posted in Oil, Trading | Tagged , , |

Bloomberg: Paulson continues weak USD policy

[Skip to the end] Seems Paulson is still blocking foreign CBs from accumulating USD financial assets. This is a negative for the USD and a negative for US real terms of trade. It does support US exports and reduces the … Continue reading

Posted in CBs, Currencies | Tagged , , , , , |

2008-08-20 US Economic Releases

[Skip to the end] MBA Mortgage Applications (Released 7:00 EST) MBA Purchasing Applications (Released 7:00 EST) MBA Refinancing Applications (Released 7:00 EST) MBA TABLE 1 (Released 7:00 EST) MBA TABLE 2 (Released 7:00 EST) MBA TABLE 3 (Released 7:00 EST) … Continue reading

Posted in Daily | Tagged |