Daily Archive: Friday, November 14, 2008

Japan Daily: Machine Tool Orders Fall to Lowest in 4.5 Years

[Skip to the end] Nothing an appropriate fiscal package couldn’t immediately turn around. Fortunately for us, they never have been big on supporting domestic demand. >    >   On Fri, Nov 14, 2008 at 6:40 AM, Davin wrote: >    Machine Tool Orders Down 40% In Oct, Falling Under Y100bn 5 of 8 Homebuilders Cut ...Read More

Plosser and interest rates

[Skip to the end] “There are all sorts of technical ramifications when the fed funds rate goes towards zero. There are a lot of questions we’re going to have to grapple with going forward,” Plosser told reporters after a speech at the Economic Club of Pittsburgh. “You have to think about what ...Read More

Re: Sarkozy Pushes for Abandonment of Dollar as World Reserve Currency

[Skip to the end] (email exchange) The dollar is a world reserve currency only because we are the only ones who ‘allow’ a trade deficit. With a trade deficit, the rest of world is long your currency. With a trade surplus, like japan, the world is short your currency. The eurozone wants ...Read More

Fed swap lines up to $615 billion!

[Skip to the end] Outstanding advances under Fed ‘unlimited’ swap lines to the 4 foreign CB’s plus several lines with limits no totals $615 billion and accelerating! [top] ...Read More

2008-11-14 USER

[Skip to the end] Import Price Index MoM (Released 8:30 EST) Import Price Index YoY (Released 8:30 EST) Import Price Index ALLX 1 (Released 8:30 EST) Import Price Index ALLX 2 (Released 8:30 EST) Advance Retail Sales (Released 8:30 EST) Advance Retail Sales YoY (Released 8:30 EST) Advance Retail Sales TABLE 1 ...Read More