Daily Archives: February 3, 2011 @ 2:01 pm (Thursday)

Bernanke text

Just when you think he’s making progress: >    >   (email exchange) >    >   On Thu, Feb 3, 2011 at 1:41 PM, Cullen wrote: >    >   After a glimpse of hope from some of Bernanke’s speeches late last year >   he appears to have suffered … Continue reading

Posted in Deficit, Fed, Government Spending | Tagged |

Comments on Non-Mfg ISM

Looks from the chart we’re getting close to the post Bush tax cut, coming out of that recession highs, so we’re on track for our 3-5% read gdp growth guestimates. And the high productivity reported today reinforces our thoughts on … Continue reading

Posted in Deficit, Employment, Government Spending, Trade | Tagged , , |

Refining Concerns Overshadow Higher Shell Profit

It’s an agonizingly slow process, but it is starting to feel like the world is turning away from crude oil consumption. The Saudis are the swing producer, and can set price at any level they wish. But if they set … Continue reading

Posted in Comodities |

U.K. Service Industries Return to ‘Pre-Snow’ Growth

Still looks to me like the govt deficit is plenty high enough to support at least modest gdp growth until the pro active austerity measures actually reduce it. UK Headlines: U.K. Service Industries Return to ‘Pre-Snow’ Growth Inflation Could Force … Continue reading

Posted in UK | Tagged , |