TRUE STORY!


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HR 124

At about 11am today when the doctors removed the heart wires, the heart immediately went into something called atrial fibulation, which is an elevated heart rate and irregular heart beat – different chambers of the heart not firing in the right order. This happens to approximately 40% of all heart surgery patients when they remove the wires.

The doctors promptly started going through a series of standard procedures to bring the hear rate down and normalize the wave patterns.

The series (in sequential order) included:

  • a magnesium IV
  • a beta blocker
  • an amiodarone

The heart rate did come down a bit, but was still elevated at 4:50 PM.

Warren B drinks smoothie

Surprisingly :), my dad had some of his own ideas to try out, and he sent me out to Starbucks to get a mango-banana, sugar-free, low-fat, protein-enriched Vivanno, which he began drinking at 4:56 PM.

By 5:00 PM (four minutes after he started drinking the smoothie), the heart rate and rhythm normalized, and he may be going home tomorrow.

HR 58

The medical staff has dismissed the notion that putting something cold near the heart will slow and calm it down. Instead, they attribute the drugs to the sudden transformation. They also think the government should balance the budget. :)

We’re all looking forward to a non-eventful night and a quick trip home Sunday.


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2008-08-29 US Economic Releases


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Personal Income MoM (Jul)

Survey -0.2%
Actual -0.7%
Prior 0.1%
Revised n/a

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Personal Income YoY (Jul)

Survey n/a
Actual 4.2%
Prior 5.5%
Revised n/a

Still at higher levels than before the rebates and far from a consumer collapse.

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Personal Income TABLE 1 (Jul)

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Personal Income TABLE 2 (Jul)

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Personal Spending MoM (Jul)

Survey 0.2%
Actual 0.2%
Prior 0.6%
Revised n/a

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Personal Spending YoY (Jul)

Survey 0.2%
Actual 0.2%
Prior 0.6%
Revised n/a

Doesn’t look all that bad to me.

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PCE Deflator YOY (Jul)

Survey 4.5%
Actual 4.5%
Prior 4.1%
Revised 4.0%

This is not the kind of chart the Fed wants to see.

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PCE Core MoM (Jul)

Survey 0.3%
Actual 0.3%
Prior 0.3%
Revised n/a

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PCE Core YoY (Jul)

Survey 2.4%
Actual 2.4%
Prior 2.3%
Revised n/a

Neither is this.

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PCE ALLX 1 (Jul)

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PCE ALLX 2 (Jul)

Karim writes:

  • Not much to alter Fed’s view or likely course with this data
  • Real PCE down -0.3% m/m for July, in line with expectations. Nominal PCE up 0.2%.
  • Personal income down 0.7%, again as expected, and due to drop in government transfers (fiscal package ended)
  • Core PCE deflator up 0.3% m/m and 2.4% y/y. At Jackson Hole, Bernanke stated he expected inflation to ‘moderate later this year and next’, meaning he still sees a few more months of possible upward pressure.

Yes, and he has been saying he expects headline inflation to moderate at every speaking event for the last few years.

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RPX Composite 28dy Index (Jun)

Survey n/a
Actual 230.00
Prior 233.37
Revised n/a

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RPX Composite 28dy YoY (Jun)

Survey n/a
Actual -17.15%
Prior -15.60%
Revised n/a

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Chicago Purchasing Manager (Aug)

Survey 50.0
Actual 57.9
Prior 50.8
Revised n/a

Upside surprise here.

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Chicago Purchasing Manager TABLE 1 (Aug)

Prices paid still way high; big dip in employment.

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Chicago Purchasing Manager TABLE 2 (Aug)

Karim writes:

  • Chicago PMI rises from 50.8 to 57.9; but orders and production components (each up sharply) at odds with employment component (down sharply), so report to be taken with a grain of salt.

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U of Michigan Confidence (Aug F)

Survey 62.0
Actual 63.0
Prior 61.7
Revised n/a

Karim writes:

  • Final UMICH survey for August shows minor improvement in confidence (61.7 to 63.0) and no change in inflation expectations components.
  • ISM and payrolls next week to weigh more heavily

Confidence turning up with the rebates.

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U of Michigan Consumer Attitudes TABLE (Aug F)

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Inflation Expectations 1yr Fwd (Aug F)

Survey n/a
Actual 4.8%
Prior 5.1%
Revised n/a

The Fed worries these will get embedded.

Personally, I don’t see inflation as a function of expectations but they do.

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Inflation Expectations 5yr Fwd (Aug 5)

Survey n/a
Actual 3.2%
Prior 3.2%
Revised n/a

Too high still.

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NAPM-Milwaukee (Aug)

Survey 44.0
Actual 43.0
Prior 44.0
Revised n/a

A bit worse than expected but still off the bottom.

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NAPM-Milwaukee ALLX (Aug)


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