Daily Archives: January 2, 2009 @ 12:29 pm (Friday)

Obama in no rush for fiscal package?

[Skip to the end] Obama Has No Timetable for Stimulus Package by Steve Leisman President-elect Barack Obama does not have a timetable to develop and pass an economic stimulus package, according to one of his aides on the transition team. … Continue reading

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EU Daily | Europe Manufacturing Recession Worsens in December

[Skip to the end] Highlights Europe Manufacturing Recession Worsens in December Nowotny Says ECB’s Liquidity Measures Need Time to Take Effect Right, time to wait for a US fiscal response large enough to help the eurozone as well as the … Continue reading

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Macro effect of government MBS purchases

[Skip to the end] The fed buying mortgages at, say, 5% and paying nothing on the balances it credits to pay for the purchases increases fed ‘earnings’/decreases private sector earnings, So at the ‘income level’ it’s a tax that reduces … Continue reading

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Foreign dollar bond issuance increasing

[Skip to the end] Not a lot yet, but $65 billion is something and counts as USD deficit spending as they are presumably borrowing to spend. The Fed swap lines outstanding of something over $600 billion probably do not yet … Continue reading

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Gasoline consumption up again

[Skip to the end] We are still very close to the edge of available supply. And the OPEC cuts are supporting Saudi efforts to bring price up without losing too much production. Oil Surges 14 Percent on Lower-Than-Forecast Fuel Supply … Continue reading

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Crude Graph

[Skip to the end] Crude Open Interest (Released Dec 31 EST) Crude Open Interest (n/a)   Inventory liquidation over? Happy New Year! [top]

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Fed MBS Purchase Plan

[Skip to the end] These quotes are not from Warren: Yesterday the Fed announced that it will be starting its $500b Agency MBS Purchase Plan in early January. The mortgage market has been waiting for some clarity on this issue … Continue reading

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2009-01-02 USER

[Skip to the end] ISM Manufacturing (Released 10:00 EST) ISM Prices Paid (Released 10:00 EST) ISM Manufacturing (Dec) Survey 35.4 Actual 32.4 Prior 36.2 Revised n/a [top][end] ISM Prices Paid (Dec) Survey 20.0 Actual 18.0 Prior 25.5 Revised n/a   … Continue reading

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