Posts filed under “Uncategorized”

Spotlight on Men’s Health


Source: Nursing@Georgetown

Category: Uncategorized

Fiscal negotiations/RBA/other

Not surprisingly, the more detailed Boehner proposal presented to the White House was rejected and the game goes on. Imagine what our Founding Fathers would think of this process after they created a document with specific enumerated powers. I digress to monetary policy where the Reserve Bank of Australia cut interest rates by 25 bps…Read More

Category: MacroNotes, Think Tank, Uncategorized

The Markets Love Affair with Sadomasochism

Putting aside the November Presidential election which I think will single handedly determine the direction of the stock market in the last two months of the year, we all seem to be waiting for what central bankers in Europe and the US will do. In the US, every single economic data point triggers a QE…Read More

Category: Uncategorized

Payroll growth pathetic

June Payrolls totaled 80k, 20k less than expected and well below the ADP whisper. The two prior months were revised down by a net 1k. The private sector added 84k jobs (13k from goods producing, 71k from services) vs expectations of a gain of 106k. The unemployment rate held steady at 8.2% as the 128k…Read More

Category: Uncategorized

Like dogs to meat

With the ECB meeting today, the BoE tomorrow and the Bernanke testimony on the US economy Thurs as well, markets again look to central bankers like dogs to pieces of meat. Will the dog get the meat and will it taste as good? That this seemingly endless discussion of what central bankers will now do…Read More

Category: Uncategorized

China/Europe/US weather

On continued concerns with slowing growth, the Shanghai index fell to the lowest level since mid Feb and European stock markets are down across the board. The Spanish 10 yr bond yield is higher for a 10th straight day to 5.52%, an 11 week high. Also, 5 yr CDS is up for a 4th day…Read More

Category: MacroNotes, Uncategorized

Succinct summation of week’s events

Succinct summation of week’s events: Positives 1)Oct payrolls surprise big to the upside 2)Fed lights another fire under asset prices but are we really wealthier as a result? 3)Emerging markets continue to rally as investors seek non $ assets 4)Oct auto sales rise to best since Sept ’08 ex clunkers 5)ISM services and mfr’g indices…Read More

Category: MacroNotes, Uncategorized

Succinct summation of week’s events

Succinct summation of week’s events: Positives 1)Private sector job gains about line with expectations 2)Initial Claims fall below 450k 3)Aug Pending Home Sales better than expected 4)ISM services rise more than estimated but components mixed 5)Purchase apps at 5 mo high 6)For asset prices at least, BoJ will buy anything, Bernanke hints at more QE…Read More

Category: MacroNotes, Uncategorized

Succinct summation of week’s events

Succinct summation of week’s events: Positives 1) For asset prices at least, Fed VC Dudley hints at more action, CRB RIND up 14 out of 15 days to record high 2) PIG debt rallies sharply as Ireland quantifies bank rescue’s and Portugal gives budget details 3) Less than expected maturing ECB funds rolled into new…Read More

Category: Uncategorized

Economic data looks good

Initial Jobless Claims were much better than expected at 451k vs the forecast of 470k and down from 478k last week (revised up by 6k). Labor Day weekend may have had an impact on the seasonal adjustment but we’ll have to see next week to what extent. Either way though, the market will take a…Read More

Category: Uncategorized