Sunday, May 23, 2010

Yesterday's Market

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Let's start with the oil market. For the last six month, prices have run into upside resistance in the (a) zone and found downside suppo...
Friday, May 21, 2010

Weekend Weimar and Beagle

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This is how we clean the grill at Bonddad's house. See you on Monday.

Will the Euro Meltdown cause a US double-dip?

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- by New Deal democrat This analysis is designed to give you a working understanding of the following two subjects: (1) What is at issu...

Yesterday's Market

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On the euro, notice the increasing volume over the last month. Then notice yesterday's spike in volume. I've wondered out loud ove...
Thursday, May 20, 2010

Mortgage Data and Seasonal Adjustments

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From the NY Times: Data released Wednesday by the Mortgage Bankers Association showed the mortgage delinquency rate rose in the first quar...

Leading Indicators Down .1

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From the Conference Board: The Conference Board Leading Economic Index®(LEI) for the U.S. declined 0.1 percent in April, following a 1.3 per...

Initial Unemployment Claims Increase 25,000

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From Bloomberg: More Americans unexpectedly filed applications for unemployment benefits last week, showing firings remain elevated even as ...

Yesterday's Market

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Over the last week or so, trade has been dominated by the declining euro, which has led to a dollar rally. Yesterday, the dollar broke a we...
Wednesday, May 19, 2010

Empire State Down; Housing Starts Up

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From the NY Fed: The Empire State Manufacturing Survey indicates that conditions for New York manufacturers continued to improve for a te...

April CPI: good news and bad news

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- by New Deal democrat The good news and the bad news are exactly the same. April CPI came in at -0.1% NSA. YoY inflation is down slightly t...

Yesterday's Market

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Let's start with a look at the euro, as it is the cause of the recent problems in the market. First, current prices (b) have moved thro...
Tuesday, May 18, 2010

Consumer Delinquencies Decrease

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From Reuters: Fewer U.S. consumers are falling behind on their debt, prompting lenders to look again for ways to make their business grow....

Wrong again, Doomers: State tax receipts are going *UP*!

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- by New Deal democrat A few readers wonder why occasionally Bonddad and I wrote posts excoriating "Doomers." Bonddad usually de...

US Is Now a Safe Haven Play

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From Bloomberg: “Reverse diversification” boosted global demand for long-term U.S. financial assets to a record as the European fiscal crisi...

Yesterday's Market

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Let's start with the fact the markets are currently risk averse as a result of the European situation. As a result, we've seen the d...