Daily Archive: Thursday, February 3, 2011

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 some sort of memory loss as he is once again >   talking about ...Read More

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 unemployment coming down only slowly as well. Last time around the expansion ...Read More

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 the price ‘too high’ over time demand shifts away from them due ...Read More

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 Bank of England to Raise Interest Rates, Says Deputy Governor Charlie Bean ...Read More