It's Sunday. I'm engrossed in USA's Criminal Intent"athon". I'll be back tomorr...
Sunday, September 30, 2007
Saturday, September 29, 2007
Last Week's Markets
This is not a very impressive chart.1.) The red line is drawn from the weekly opening to the weekly close. Notice we really didn't move anywhere.2.) The upward movement for the week came from opening gaps up. I drew two golden colored lines for Wednesday and Thursday. The line extends from the opening to the close for the day. Notice that prices...
Last Week's Markets
This is not a very impressive chart.1.) The red line is drawn from the weekly opening to the weekly close. Notice we really didn't move anywhere.2.) The upward movement for the week came from opening gaps up. I drew two golden colored lines for Wednesday and Thursday. The line extends from the opening to the close for the day. Notice that prices...
Friday, September 28, 2007
Weekend Weimar
The markets are closed. Stop thinking about them or the economy. It's Friday -- do something else.I'll have a market recap for the week tomorrow and a preview of the coming week on Sund...
Weekend Weimar
The markets are closed. Stop thinking about them or the economy. It's Friday -- do something else.I'll have a market recap for the week tomorrow and a preview of the coming week on Sund...
Consumer Spending Increases
From the BEA:Personal income increased $40.2 billion, or 0.3 percent, and disposable personal income (DPI)increased $37.2 billion, or 0.4 percent, in August, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $54.8 billion, or 0.6 percent. In July, personal income increased $61.5 billion, or 0.5 percent,...
Consumer Spending Increases
From the BEA:Personal income increased $40.2 billion, or 0.3 percent, and disposable personal income (DPI)increased $37.2 billion, or 0.4 percent, in August, according to the Bureau of Economic Analysis. Personal consumption expenditures (PCE) increased $54.8 billion, or 0.6 percent. In July, personal income increased $61.5 billion, or 0.5 percent,...
Dollar Hits Record Low
From the WSJ:The dollar sank to an all-time low against a basket of major currencies as U.S. housing data continued to come in even weaker than economists' already-low expectations.The New York Board of Trade's DXY dollar index, which began in 1973 and measures the dollar against six top rivals, fell to 78.16 in New York, beating its previous intraday...
Dollar Hits Record Low
From the WSJ:The dollar sank to an all-time low against a basket of major currencies as U.S. housing data continued to come in even weaker than economists' already-low expectations.The New York Board of Trade's DXY dollar index, which began in 1973 and measures the dollar against six top rivals, fell to 78.16 in New York, beating its previous intraday...
Agricultural Price Inflation Will Be With Us Awhile
from the WSJ:In the past, such increases have been caused by temporary supply disruptions. Following a poor harvest, farmers would rush to capitalize on higher crop prices by planting more of that crop the next season, sending prices back down. But the current rally, which started a year ago in the corn-futures trading pit at the Chicago Board of Trade,...
Agricultural Price Inflation Will Be With Us Awhile
from the WSJ:In the past, such increases have been caused by temporary supply disruptions. Following a poor harvest, farmers would rush to capitalize on higher crop prices by planting more of that crop the next season, sending prices back down. But the current rally, which started a year ago in the corn-futures trading pit at the Chicago Board of Trade,...
Northern Rock Borrows £8BN
It transpires that Northern Rock has borrowed another £5BN from the Bank of England, bringing its indebtedness to the BoE close to £8BN.This means that Northern Rock has now borrowed the equivalent of 33% of its retail deposits at the end of June.How long has this bank got left in its present form?Who will buy it, and at what pri...
Thursday, September 27, 2007
Today's Markets
Just like yesterday, the market gapped up at the open but then traded around the opening price for most of the day. Basically, the markets are torn between a good 2Q GDP report of 3.8% and a lousy new home sales number. The first signals things are fine and the second signals the economy isn't fine.On the three day chart, notice how choppy trading...
Today's Markets
Just like yesterday, the market gapped up at the open but then traded around the opening price for most of the day. Basically, the markets are torn between a good 2Q GDP report of 3.8% and a lousy new home sales number. The first signals things are fine and the second signals the economy isn't fine.On the three day chart, notice how choppy trading...
