2009-04-24 USER


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Durable Goods Orders (Mar)

Survey -1.5%
Actual -0.8%
Prior 3.4%
Revised 2.1%

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Durable Goods Orders YoY (Mar)

Survey n/a
Actual -23.6%
Prior -29.7%
Revised n/a

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Durables Ex Defense MoM (Mar)

Survey n/a
Actual -0.6%
Prior 0.2%
Revised n/a

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Durables Ex Transportation MoM (Mar)

Survey -1.2
Actual -0.6%
Prior 3.9%
Revised 2.0%

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Durable Goods ALLX (Mar)

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New Home Sales (Mar)

Survey 337K
Actual 356K
Prior 337K
Revised 358K

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New Home Sales Total for Sale (Mar)

Survey n/a
Actual 308.00
Prior 324.00
Revised n/a

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New Home Sales MoM (Mar)

Survey 0.0%
Actual -0.6%
Prior 4.7%
Revised 8.2%

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New Home Sales YoY (Mar)

Survey n/a
Actual -30.6%
Prior -37.4%
Revised n/a

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New Home Sales Median Price (Mar)

Survey n/a
Actual 201.40
Prior 208.70
Revised n/a

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New Home Sales TABLE 1 (Mar)

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New Home Sales TABLE 2 (Mar)


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2009-04-23 USER


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Initial Jobless Claims (Apr 18)

Survey 640K
Actual 640K
Prior 610K
Revised 613K

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Continuing Claims (Apr 11)

Survey 6120K
Actual 6137K
Prior 6022K
Revised 6044K

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Jobless Claims ALLX (Apr 18)

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RPX Composite 28dy YoY (Feb)

Survey n/a
Actual -22.27%
Prior -23.03%
Revised n/a

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RPX Composite 28dy Index (Feb)

Survey n/a
Actual 186.56
Prior 186.39
Revised n/a

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Existing Home Sales (Mar)

Survey 4.65M
Actual 4.57M
Prior 4.72M
Revised 4.71M

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Existing Home Sales MoM (Mar)

Survey -1.5%
Actual -3.0%
Prior 5.1%
Revised 4.9%

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Existing Home Sales YoY (Mar)

Survey n/a
Actual -7.1%
Prior -4.8%
Revised n/a

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Existing Home Sales Inventory (Mar)

Survey n/a
Actual 3.737
Prior 3.798
Revised n/a

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Existing Home Sales ALLX 1 (Mar)

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Existing Home Sales ALLX 2 (Mar)

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Existing Home Sales TABLE 1 (Mar)

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Existing Home Sales TABLE 2 (Mar)


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2009-04-22 USER


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MBA Mortgage Applications (Apr 17)

Survey n/a
Actual 5.3%
Prior -11.0%
Revised n/a

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MBA Purchasing Applications (Apr 17)

Survey n/a
Actual 253.00
Prior 264.10
Revised n/a

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MBA Refinancing Applications (Apr 17)

Survey n/a
Actual 6540.70
Prior 6071.70
Revised n/a

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House Price Index MoM (Feb)

Survey -0.7%
Actual 0.7%
Prior 1.7%
Revised 1.0%

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House Price Index YoY (Feb)

Survey n/a
Actual -6.3%
Prior -8.9%
Revised n/a

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House Price Index ALLX (Feb)


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2009-04-21 USER


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ICSC UBS Store Sales YoY (Apr 21)

Survey n/a
Actual -0.1%
Prior -0.4%
Revised n/a

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ICSC UBS Store Sales WoW (Apr 21)

Survey n/a
Actual -0.4%
Prior 0.8%
Revised n/a

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Redbook Store Sales Weekly YoY (Apr 21)

Survey n/a
Actual 0.1%
Prior 0.9%
Revised n/a

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Redbook Store Sales MoM (Apr 21)

Survey n/a
Actual 1.5%
Prior 1.9%
Revised n/a

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ICSC UBS Redbook Comparison TABLE (Apr 21)


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2009-04-16 USER


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Housing Starts (Mar)

Survey 540K
Actual 510K
Prior 583K
Revised 572K

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Building Permits (Mar)

Survey 549K
Actual 513K
Prior 547K
Revised 564K

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Initial Jobless Claims (Apr 11)

Survey 660K
Actual 610K
Prior 654K
Revised 663K

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Continuing Claims (Apr 4)

Survey 5893K
Actual 6022K
Prior 5840K
Revised 5850K

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Jobless Claims ALLX (Apr 11)

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Philadelphia Fed (Apr)

Survey -32.0
Actual -24.4
Prior -35.0
Revised n/a

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Philadelphia Fed TABLE 1 (Apr)

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Philadelphia Fed TABLE 2 (Apr)


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2009-04-15 USER


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MBA Mortgage Applications (Apr 10)

Survey n/a
Actual -11.0%
Prior 4.7%
Revised n/a

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MBA Purchasing Applications (Apr 10)

Survey n/a
Actual 264.10
Prior 297.70
Revised n/a

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MBA Refinancing Applications (Apr 10)

Survey n/a
Actual 6071.70
Prior 6813.50
Revised n/a

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Consumer Price Index MoM (Mar )

Survey 0.1%
Actual -0.1%
Prior 0.4%
Revised n/a

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CPI Ex Food and Energy MoM (Mar)

Survey 0.1%
Actual 0.2%
Prior 0.2%
Revised n/a

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Consumer Price Index YoY (Mar)

Survey -0.1%
Actual -0.4%
Prior 0.2%
Revised n/a

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CPI Ex Food and Energy YoY (Mar)

Survey 1.7%
Actual 1.8%
Prior 1.8%
Revised n/a

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CPI Core Index SA (Mar)

Survey n/a
Actual 218.042
Prior 217.670
Revised n/a

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Consumer Price Index NSA (Mar)

Survey 212.900
Actual 212.709
Prior 212.193
Revised n/a

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Empire State Manufacturing Survey (Apr)

Survey -35.00
Actual -14.65
Prior -38.23
Revised n/a

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Empire State Manufacturing Survey ALLX 1 (Apr)

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Empire State Manufacturing Survey ALLX 2 (Apr)

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Net Long Term TIC Flows (Feb)

Survey $14.0B
Actual $22.0B
Prior -$43.0B
Revised -$36.8B

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Total Net TIC Flows (Feb)

Survey n/a
Actual -$97.0B
Prior -$148.9B
Revised -$146.8B

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Industrial Production MoM (Mar)

Survey -0.9%
Actual -1.5%
Prior -1.4%
Revised -1.5%

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Industrial Production YoY (Mar)

Survey n/a
Actual -12.8%
Prior -11.8%
Revised n/a

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Capacity Utilization (Mar)

Survey 69.6%
Actual 69.3%
Prior 70.9%
Revised 70.3%

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Capacity Utilization TABLE 1 (Mar)

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Capacity Utilization TABLE 2 (Mar)

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Capacity Utilization TABLE 3 (Mar)

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NAHB Housing Market Index (Apr)

Survey 10
Actual 14
Prior 9
Revised n/a

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NAHB Housing Market Index TABLE 1 (Mar)

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NAHB Housing Market Index TABLE 2 (Mar)


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2009-04-14 USER


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ICSC UBS Store Sales YoY (Apr 14)

Survey n/a
Actual -0.4%
Prior -0.3%
Revised n/a

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ICSC UBS Store Sales WoW (Apr 14)

Survey n/a
Actual 0.8%
Prior 0.6%
Revised n/a

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Redbook Store Sales Weekly YoY (Apr 14)

Survey n/a
Actual 0.9%
Prior 0.4%
Revised n/a

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Redbook Store Sales MoM (Apr 14)

Survey n/a
Actual 1.9%
Prior 0.5%
Revised n/a

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ICSC UBS Redbook Comparison TABLE (Apr 14)

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Producer Price Index MoM (Mar)

Survey 0.0%
Actual -1.2%
Prior 0.1%
Revised n/a

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PPI Ex Food and Energy MoM (Mar)

Survey 0.1%
Actual 0.0%
Prior 0.2%
Revised n/a

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Producer Price Index YoY (Mar)

Survey -2.2%
Actual -3.5%
Prior -1.3%
Revised n/a

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PPI Ex Food and Energy YoY (Mar)

Survey 4.0%
Actual 3.8%
Prior 4.0%
Revised n/a

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Advance Retail Sales MoM (Mar)

Survey 0.3%
Actual -1.1%
Prior -0.1%
Revised 0.3%

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Advance Retail Sales YoY (Mar)

Survey n/a
Actual -9.4%
Prior -7.9%
Revised n/a

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Retail Sales Less Autos (Mar)

Survey 0.0%
Actual -0.9%
Prior 0.7%
Revised 1.0%

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Business Inventories MoM (Feb)

Survey -1.2%
Actual -1.3%
Prior -1.1%
Revised -1.3%

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Business Inventories YoY (Feb)

Survey n/a
Actual -3.5%
Prior -1.7%
Revised n/a


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Levy Program


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If you’re interested in a 7 AM breakfast Saturday morning in Midtown, please email me at warren.mosler@gmail.com.

I’ll be heading to the airport around 9:30am.

Thanks,
Warren

Program
Thursday, April 16

8:00-9:00 am BREAKFAST AND REGISTRATION
9:00-9:30 am WELCOME AND INTRODUCTION
Dimitri B. Papadimitriou, The Levy Institute
9:30-10:30 am SPEAKER

“Unpleasant Arithmetic”

Bruce Kasman, JPMorgan Chase and Co.

10:30 am -12:15 pm SESSION 1- ASSESSMENT OF FED/TREASURY RESPONSE TO CRISIS
MODERATOR: Greg Hannsgen, The Levy Economics Institute
William Kurt Black, University of Missouri- Kansas City

“Return of the State”

Marshall Auerback, RAB Capital PLC

“Setting the Agenda for Financial Reform”

Jane D’Arista, Political Economy Research Institute, University of Massachusetts Amherst

“Fatal Reversal: From Single Payer to Free Markets and Back Again”

Thomas Ferguson, University of Massachusetts Boston

12:15-2:30 pm LUNCH
SPEAKER: Dennis P. Lockhart, Federal Reserve Bank of Atlanta
2:30- 3:15 pm SPEAKER

“Always the Same, Always Different”

James Grant, Grant’s Interest Rate Observer

3:15- 5:00 pm SESSION 2- PROPOSALS ON ALTERNATIVE FINANCIAL REGULATION
MODERATOR: Jane D’Arista, Political Economy Research Institute, University of Massachusetts Amherst
Alan S. Blinder, Princeton University
Christine M. Cumming, Federal Reserve Bank of New York
Michael Greenberger, The University of Maryland School of Law
Martin Mayer, The Brookings Institution
5:00- 5:15 pm COFFEE BREAK
5:15- 6:30 pm SESSION 3- ASSESSMENT OF FED/TREASURY RESPONSE TO CRISIS
MODERATOR: Greg Hannsgen, The Levy Economics Institute

“Minsky and the Regulation of the Financial System”

Jan Kregel, The Levy Economics Institute and University of Missouri–Kansas City

“Structural Contagion: Some Implications of the International Transmission of Financial Fragility”

C. P. Chandrasekhar, Jawaharlal Nehru University

“Reregulating the Financial System”

Mario Tonveronachi, University of Siena

“Financial Regulation and the Financial Instability Hypothesis: A Ponzi-finance Approach to Financial Reform”

Eric Tymoigne, The Levy Economics Institute and California State University, Fresno

6:30- 7:30 pm RECEPTION
7:30 pm DINNER
SPEAKER:

“A Minsky Meltdown: Lessons for Central Bankers?”

Janet L. Yellen, Federal Reserve Bank of San Francisco

Program
Friday, April 17

8:30-9:00 am BREAKFAST
9:00-9:45 am SPEAKER
Robert J. Barbara, ITG
9:45- 10:30 am SPEAKER

“Financial Crisis—A Threat to European Economies”

Norbert Walker, Deutsche Bank

10:30-10:45 am COFFEE BREAK
10:45 am -12:00 pm SESSION 4- THE INSTITUTIONAL SHAPE OF THE FUTURE FINANCIAL SYSTEM
MODERATOR: Jan Kregel, The Levy Economics Institute and University of Missouri–Kansas City
Richard Bookstaber, Author and financial economist

“Does Changing Boxes on the Regulatory Organization Chart Alter Minsky’s Fragility?”

Alex J. Pollock, American Enterprise Institute

“Stress Testing the Banks and Stabilizing Household Budgets”

Walker F. Todd, American Institute for Economic Research

12:00-1:15 pm SESSION 5- CURRENT CONDITIONS AND FORECASTS
MODERATOR: Ajit Zacharias, The Levy Economics Institute

“U.S. Economic Outlook”

Dean Maki, Barclays Capital

“Economic and Financial Market Outlook”

James W. Paulsen, Wells Capital Management

“What Happens at Growth Rate Cycle Upturns?”

Lakshman Achuthan, Economic Cycle Research Institute

1:15-3:15 pm LUNCH
SPEAKER: Henry Kaufman, Henry Kaufman & Company, Inc.
3:15- 4:00 pm SPEAKER
Joseph E. Stiglitz, Columbia University
4:00- 6:00 pm SESSION 6- ALTERNATIVE STIMULUS AND BAILOUT PROPOSALS
MODERATOR: Dimitri B. Papadimitriou, The Levy Economics Institute
James K. Galbraith, The Levy Economics Institute and University of Texas at Austin

“Alternative Proposals for a U.S. Nonconvertible Currency Regime”

Warren Mosler, Valance Company, Inc

“Riding the Debt Deflation Guardrails”

Robert W. Parenteau, The Levy Economics Institute andMacroStrategy Edge

“The Return of Big Government: A Minskyan New Deal”

L. Randall Wray, The Levy Economics Institute and University of Missouri–Kansas City

6:00- 6:30 pm RECEPTION


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