Archive for November, 2009

UBS Previews Monday’s Economic News

Sunday, November 15th, 2009

Monday preview: Retail sales est. 1.8%/ex autos 0.6%; Bernanke 12:15pm (1) Leading up to Mr. Bernanke’s speech at 12:15pm (EST), the markets’ focus will likely be on the October retail sales report and the November Empire State manufacturing survey. Retail sales probably began Q4 solidly, despite recent weakness in consumer confidence; ...

Links for a Sunday Evening

Sunday, November 15th, 2009

The Gray Lady acknowledged the meeting between bloggers and Senior US Treasury officials in the media section of the Monday November 16 edition of the paper. Chinese banking regulator decries Federal Reserve low interest rate policy and ensuing asset bubble. Stimulus spending gives Japanese economy a nice lift. Robert Reich suggests that Harry ...

Weekend Reading

Saturday, November 14th, 2009

Bloomberg sets out to conquer the journalistic world........or so says a nearly vanquished rival. A couple of pieces on how the Green Folks wish to rule the world. This is way out of the realm of my typical musings. It is a piece about a philandering sports announcer who was also a ...

Grim Stuff

Saturday, November 14th, 2009

I have heard of Mike Shedlock and his blog Global Economic Analysis. I have never really spent much time reading it. But he posted a piece the other day on the very grim outlook for unemployment over the next decade. It is a comprehensive and exhaustive post and very worthwhile reading. ...

Beckner Report

Friday, November 13th, 2009

Beckner is a veteran and well respected Fed Watcher. Some one was kind enough to forward to me his latest epistle. Here it is in its entirety: The Beckner Report: Fed Designing, Not Opening, Exit Door     Nov 13 / 09:45 FED STILL DESIGNING EXIT DOOR, BUT NOT READY TO OPEN IT By Steven K. ...

Euro Dollar Color

Friday, November 13th, 2009

Slow day of trading in a tight range. The Reds - Golds pack spread has flattened a little bit over the past two days and the futures are not moving much but the curve shape is changing a bit. We had a decent movement back to unchanged and higher on ...

New Issues

Friday, November 13th, 2009

*THERMO FISHER 3-YR NOTES TO PAY SPREAD OF ABOUT 95 BPS  :TMO US *NEW YORK STATE URBAN DEVELOPMENT TO SELL $224.1M TAXABLE BONDS *NEW YORK STATE AGENCY TO SELL $775.6M OF BUILD AMERICA BONDS *LOCKHEED MARTIN 30-YEAR BONDS MAY PAY ABOUT 120 BPS SPREAD *LOCKHEED MARTIN 10-YEAR NOTES MAY PAY ABOUT 95 BPS SPREAD

Some Treasury Commentary Via an ANonymous Dealer

Friday, November 13th, 2009

A very quiet Asian session in Treasuries carried over into London time as this was easily the slowest morning so far this week.  I guess despite the Wednesday holiday its been a pretty long week and now that the supply main event is behind us, many are looking forward to the weekend.  The ...

Links

Friday, November 13th, 2009

Barack Obama: Deficit Hawk? WSJ survey of Economists I was not here for this yesterday but find it worthwhile to not that mortgage apps have plunged to nine year lows. This is beautiful: Elliot Spitzer lectures at Harvatd on Ethics. Paul Krugman on creating jobs

Triskaidekaphobia Note

Friday, November 13th, 2009

I will blog intermittently today and will resume regular blogging on Monday.