Saturday, December 9, 2006

The Long View: Current Account (BruceMcF)

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This post could be seen as following up on a number of good posts connected to the state of play with the most recent current accounts numbe...

Dollar Rebounds For the Week

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I mentioned we should watch the dollar at the beginning of the week. The dollar rebounded, as this chart shows. Friday's job's repo...
Friday, December 8, 2006

Payrolls Come in at +132,000

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From the BLS ftp://ftp.bls.gov/pub/news.release/empsit.txt Nonfarm payroll employment rose by 132,000 in November, and the unemployment rate...
Thursday, December 7, 2006

Consumer Credit Falls

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From the AP Consumer borrowing fell in October by the largest amount in 14 years, reflecting a big drop in auto loans. The Federal Reserve r...

Weekly Unemployment Claims Drop

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From the Department of Labor In the week ending Dec. 2, the advance figure for seasonally adjusted initial claims was 324,000, a decrease of...

EU Raises Rates 25 BP

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From FX Street The Governing Council of the ECB decided to raise 25bp its bid rate to 3.50% as it was widely expected. This decision has not...
Wednesday, December 6, 2006

Home Depot Finds Option Back Dating From 1981

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From Bloomberg: Home Depot Inc., the world's largest home-improvement retailer, said it ``routinely'' backdated option grants to...

How to Transition the US From a Debt to An Equity Economy

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The US’ current economic trajectory is unsustainable in the long run. The domestic economy is dependant on foreign capital to finance consu...
Tuesday, December 5, 2006

ISM Up (sort-of); Manufacturing Shipments Down

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From the ISM Business activity in the non-manufacturing sector increased at a faster rate in October 2006, say the nation's purchasing a...

Productivty Revised Upwards, But Still Slowing

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Productivity has been a big factor in this expansion (even though pay increases have not kept up with productivity). However, productivity ...

Housing Soft Landing Continues....

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With a big drop in Toll Brothers Profits Toll Brothers Inc., the largest U.S. luxury-home builder, said fiscal fourth-quarter profit fell 44...
Sunday, December 3, 2006

Watch the Dollar This Week

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This chart does not look good. There is technical support at roughly 81.5 and 81. We'll have to see how it holds. There are a lot of r...

Lighter Week Ahead

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Last week there was a deluge of data hitting the street. This week we have far fewer items. Productivity, factory orders and non-ISM numb...