The Bonddad Blog

Still nerdy after all these years

Saturday, October 29, 2011

Weekly indicators: gasoline usage plummets edition

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- by New Deal democrat In the rear view mirror, 3Q GDP increased 2.5%. The primary difference from the last two poor quarters was that go...
Friday, October 28, 2011

The Republican Keynesians

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This is incredibly funny.  From the party that says government doesn't create jobs and that government spending doesn't help the eco...

So Much for the Double Dip Talk

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From the BEA: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States ...

Morning Market

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Over the last few weeks, I've been hesitant about the risk on trade.  No more.  Yesterday we say a strong break-out in equities in conju...
Thursday, October 27, 2011

Bonddad Linkfest

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Indian food inflation increases South Korean growth slows, but still decent Turkey ends its low interest rate policy State tax revenue j...

The Beige Book, Part V; Real Estate

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From the Beige Book: All twelve Districts reported that real estate and construction activity was little changed on balance from the pr...

Europe Agrees to Greek Debt Deal

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From the NY Times European leaders, in a significant step toward resolving the euro zone financial crisis, early Thursday morning obtai...

A Quick Look at Q3 GDP

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I just wanted to take a quick look at Q3 2011 GDP , which I think is actually a bit better (the internals) than what the headline shows. Th...

Morning Market

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The SPYs rally continues.  Notice there are now two price clusters (see arrows) where -- after rising -- prices have consolidated their g...
Wednesday, October 26, 2011

The Beige Book , Part IV; Lending

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From the Beige Book: Financial activity was reported to have weakened some since the last report. Dallas noted that the improvement in fi...

The collapse of consumer confidence continues

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- by New Deal democrat Yesterday the Conference Board reported the lowest level of consumer confidence since March 2009 . This mirrors what ...

Morning Market

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Yesterday, we say the equity markets retreat a bit.  The 5-minute charts shows prices retreating to the technically important level of...
Tuesday, October 25, 2011

Bonddad Linkfest

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India hikes rates 25 BP Europe starts to settle on a plan China acknowledges need for more corn (and wheat) imports More jobs for machin...

Regulatory Uncertainty Isn't Causing High Unemployment

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From the Treasury Department: If regulation was a significant drag on business today, we would expect to see profits constrained after ...

The Beige Book, Pt. II; Services

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From the Beige Book: Reports regarding nonfinancial services were mixed in September. Richmond noted slower overall activity, and St. Lou...

Morning Market

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The above 10-day, 5 minute chart shows prices consolidating between 119 and 123; followed by their break-out on Friday and their contin...
Monday, October 24, 2011

Repairing Infrastructure Can Help to Repair the Economy

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From the Washington Post: This sort of a program is in many ways vastly superior to the spending increases and tax cuts we saw in the A...

The Beige Book, Part II: Manufacturing

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From the Beige Book: Contacts indicated that manufacturing and transportation activity increased since the last report in most Districts....

Morning Market

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Equities: The SPYs and DIAs have broken out.  The QQQs are in a downward sloping pennant pattern and the IWMs are on the verge. Bonds: The...
Saturday, October 22, 2011

Weekly indicators: contraction abates edition

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- by New Deal democrat In monthly reports, September's Leading Indicators were reported up 0.2. Despite the fact that this index has ...
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