Jobless Claims Lowest Since April 2008, CPI & Housing Starts Weaker, Building Permits Stay the Same
January 19, 2012 by Lawrence Fayman · Leave a Comment
Consumer Price Index(MoM): Survey: 0.1% Actual: 0.0% Prior: 0.0%
CPI Ex Food & Energy(MoM): Survey: 0.1% Actual: 0.1% Prior: 0.2%
Housing Starts (MoM)%: Survey: -0.7% Actual: -4.1% Prior: 9.3% Revised: 9.1%
Building Permits: Survey: 679K Actual: 679K Prior: 681K Revised: 680K
Building Permits (MoM)%: Survey: -0.2% Actual: -0.1% Prior: 5.7% Revised: 5.6%
Jobless Claims: Survey: 384K Actual: 352K Prior: 399K Revised: 402K
Continuing Claims: Survey: 3590K Actual: 3432K Prior: 3628K Revised: 3647K
Bobbys Corner-Open Market-January.19.2012
January 19, 2012 by Bob Slade · Leave a Comment
In some of the saddest corporate news in a long time-Eastman Kodak Co filed for bankruptcy protection from creditors this morning.
Kodak revolutionized photography-when it introduced the “Brownie Camera” over 100 years ago. As the world moved to digital technology for cameras-Kodak was stuck with their film technology-and was never able to jump into the digital marketplace. R.I.P.
Spain and France had very solid results and participation during today’s bond auctions.
European sovereigns will need to sell some $1 Trillion euros worth of debt this year-and we hope that the markets will be able to absorb all of this debt. If it is priced right-the buyers will show up.
Today we have data on CPI and Philly Fed. We will also see data on jobless claims-which came very close to the majic 400K number last week. It is expected to fall below 390K this morning.
Equity markets were higher-as are US futures at this time.
Gold, silver and Oil are all higher.
HAVE A GREAT DAY & GOOD LUCK
Plethora of 8:30AM US Data
January 19, 2012 by Lawrence Fayman · Leave a Comment
US CPI Falls
December 16, 2011 by Lawrence Fayman · Leave a Comment
Consumer Price Index(MoM): Survey: 0.1% Actual: 0.0% Prior: -0.1%
CPI Ex Food & Energy(MoM): Survey: 0.1% Actual: 0.2% Prior: 0.1%
Consumer Price Index(YoY): Survey: 3.5% Actual: 3.4% Prior: 3.5%
CPI Ex Food & Energy(YoY): Survey: 2.1% Actual: 2.2% Prior: 2.1%
CPI Core Index SA: Actual: 226.836 Prior: 226.444
Consumer Price Index NSA: Survey: 226.221 Actual: 226.230 Prior: 226.421
US CPI Data Due at 8:30AM
December 16, 2011 by Lawrence Fayman · Leave a Comment
US CPI Stays at Par, Housing Starts Improve and Building Permits Weaker
October 19, 2011 by Lawrence Fayman · Leave a Comment
Consumer Price Index(MoM): Survey: 0.3% Actual: 0.3% Prior: 0.4%
CPI Ex Food & Energy(MoM): Survey: 0.2% Actual: 0.1% Prior: 0.2%
Consumer Price Index(YoY): Survey: 3.9% Actual: 3.9% Prior: 3.8%
CPI Ex Food & Energy(YoY): Survey: 2.1% Actual: 2.0% Prior: 2.0%
CPI Core Index SA: Actual: 226.137 Prior: 226.014
Consumer Price Index NSA: Survey: 224.947 Actual: 226.889 Prior: 226.545
Housing Starts (MoM)%: Survey: 3.3% Actual: 15.0% Prior: % Revised: -7.0%
Building Permits: Survey: 610K Actual: 594K Prior: 620K Revised: 625K
Building Permits (MoM)%: Survey: -2.4% Actual: -5.0% Prior: 3.2% Revised: 4.0%
Eurozone Unemployment Slight Rise, Year over Year CPI Stays the Same
August 31, 2011 by Lawrence Fayman · Leave a Comment
EUR Unemployment: Survey: 9.9% Actual: 10.0% Prior: 9.9% Revised: 10.0%
July vs June 2011 (Measured in %)
Belgium: 17.6 vs 18.1
Bulgaria: 27.0 vs 27.2
Czech Republic: 16.2 vs 16.7
Denmark: n/a vs 13.7
Germany: 9.5 vs 9.4
Estonia: n/a vs 21.8
Ireland: 28.3 vs 28.0
Greece: n/a vs n/a
Spain: 46.2 vs 45.7
France: 23.4 vs 23.1
Italy: 27.6 vs 27.9
Cyprus: n/a vs 19.6
Latvia: n/a vs n/a
Lithuania: n/a vs 33.1
Luxembourg: 13.3 vs 12.3
Hungary: 23.9 vs 24.6
Malta: 12.4 vs 12.3
Netherlands: 7.5 vs 7.1
Austria: 7.8 vs 7.8
Poland: 23.7 vs 24.3
Portugal: 27.2 vs 28.3
Romania: n/a vs 0.0
Slovenia: n/a vs 18.6
Slovakia: 32.9 vs 33.1
Finland: 20.4 vs 20.3
Sweeden: 21.6 vs 22.9
UK: n/a vs n/a
EUR CPI(YoY): Survey: 2.50% Actual: 2.50% Prior: 2.50%
Bobbys Corner-Open Market-Aug.19.2011
August 19, 2011 by Bob Slade · Leave a Comment
Good Morning:
Welcome to Friday-after another roller-coaster week , and today looks like it is shaping up for another crazy ride).
As worldwide equity markets continue to sink, investors seek the safe haven of gold,CHF and JPY.
With yesterday’s higher than expected CPI data (prices on the consumer level). any moves by the Fed to grow the anemic US economy may be delayed as inflation seems to be taking hold.
In other news, JP Morgan lowered their forecast for US growth. The forecast was lowered as the housing market continues to loose steam, and consumer spending stalls. Deutsch Bank announced that they were cutting their forecast for growth in China.
With no major data from the US today-the markets attention will be focused on equities. Most notably-European Banks are in the spotlight, and market participants are hearing that the Fed is making certain that European Banks in the US (whom the Fed overseas) do not have any funding difficulties.
HAVE A GREAT DAY-WEEKEND & GOOD LUCK
Bobby’s Corner will be off for a week (or so)-as I end the summer with a family vacation.






