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>   
>   from: Warren Mosler
>   to: CNBC
>   
>   The long end is higher than ‘equilibrium’ due to the Treasury
>   issuing longer term paper.
>   
>   This adversely alters investment and price signals.
>   
>   When the Fed buys it the curve returns to where it would
>   have been if the government had stayed out of it in the first
>   place.
>   
>   

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• ICSC UBS Store Sales YoY (Released 7:45 EST)
• ICSC UBS Store Sales WoW (Released 7:45 EST)
• Redbook Store Sales Weekly YoY (Released 8:55 EST)
• Redbook Store Sales MoM (Released 8:55 EST)
• ICSC UBS Redbook Comparison TABLE (Released 8:55 EST)
• S&P CS Composite 20 YoY (Released 9:00 EST)
• S&P Case Shiller Home Price Index (Released 9:00 EST)
• S&P Case Shiller US Home Price Index (Released 9:00 EST)
• S&P Case Shiller US Home Price Index YoY (Released 10:00 EST)
• Chicago Purchasing Manager (Released 9:45 EST)
• Consumer Confidence (Released 10:00 EST)
• Consumer Confidence ALLX 1 (Released 10:00 EST)
• Consumer Confidence ALLX 2 (Released 10:00 EST)

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ICSC UBS Store Sales YoY (-)

Survey	-
Actual	-
Prior	-
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Sinking.

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ICSC UBS Store Sales WoW (-)

Survey	-
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Falling back, even with low fuel prices.

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Redbook Store Sales Weekly YoY (-)

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Still way down.

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Redbook Store Sales MoM (-)

Survey	-
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Still negative.

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ICSC UBS Redbook Comparison TABLE (-)

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S&P CS Composite 20 YoY (-)

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S&P Case Shiller Home Price Index (-)

Survey	-
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Still heading south as foreclosures continue to take their toll.

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S&P Case Shiller US Home Price Index (-)

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S&P Case Shiller US Home Price Index YoY (-)

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Chicago Purchasing Manager (-)

Survey	-
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Prior	-
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Remains very low.

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Consumer Confidence (-)

Survey	-
Actual	-
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Not much to be confident about.

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Consumer Confidence ALLX 1 (-)

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Consumer Confidence ALLX 2 (-)

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