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  • Tragedy in Connecticut...

    In This Issue.

    * Say a prayer for the families in CT...

    * CPI gives a green light to the FED...

    * Japanese elections send the yen lower...

    * Bond investors ignore the rating agencies...

    ...
  • Do You Believe The Data?

    In This Issue.

    * Risk sentiment fades on Thursday.

    * Currencies give up some gained ground.

    * Canadian CPI to print today.

    * Jobless Claims get caught up.

    ...
  • National Debt Passes $15,000,000,000,000!

    In This Issue.

    * No answer from Bullard.

    * Mini-rally in euro fades on Spanish auction results.

    * Cap U & Ind. Prod print stronger!

    * CPI falls. an indication of what's to come?

    ...
    Filed under: , ,
  • Gold Trades Past $1,600!

    In This Issue.

    * Gold & Silver soar!

    * Bias to buy dollars remains.

    * U.S. CPI falls? Yeah right!

    * Another conspiracy though.

    ...
  • S&P Throws A Cat Among The Pigeons.

    In This Issue.

    * Bonds, stocks & Currencies sell off

    * Gold & Silver rally on S&P announcement.

    * New Zealand CPI is weaker than expected.

    * BRICS make a statement regarding the dollar.

    ...
  • A 2-year High For Aussie Dollars!

    In This Issue..

    * Euro rebounds from Friday sell-off...

    * Banging on China again...

    * Will FOMC announce more QE?

    * Deficit spending continues...

    ...
  • US data fails to move the markets...

    In This Issue..

    * US data fails to move the markets...
    * EU split on Greek bailout...
    * Rogers is a seller of pounds...
    * Goldman says the renminbi is fairly valued...

    Good day... It is Friday and the end of what seems like a long week for yours truly. While I have enjoyed my time in Florida, I look forward to be able to sit down at my desk to write Monday morning instead of dealing with intermittent access to the internet and a slight lack of market information. You can get the data just fine on the road, but you miss out on the 'feel' of the markets when you aren't on the desk.

    But luckily for me, economic data is what ruled the markets yesterday. We had a plethora of data released in the US, but the markets seemed to be focused on the release of CPI and the weekly jobs numbers. CPI led off Thursday morning's data showing prices in the US were unchanged for the month in February from the .2% gains we saw at the start of the year. The core number was up .1% offsetting a .1% dip in January. The YOY (year on year)number showed a drop in the inflation rate to 2.2% from 2.7%. We all know how manipulated this data is, and our friends over at ShadowStats reported the non-seasonally adjusted number was actually just over 5%, which is certainly more realistic. But while this number is higher than the 'official' number, it showed a similar decline; diffusing a rumor which swirled around the markets yesterday afternoon.

    ...
  • Labor Market Continues To Deteriorate...

    * Merkel leaves us wanting... * Gold soars higher overnight! * Indian rupees' worst week! * Greenspan = Very Bad Idea! ** Labor Market Continues To Deteriorate... Good day... And a Happy Friday to one and all! It got cold here again... I can't wait for my March trip to a warmer climate! GM's Swedish unit Saab is filing for protection from creditors, so that it can reorganize into a business independent of GM... Hmmm... Everyone is jumping the GM ship... Well, it's Friday, and that means yesterday we saw the print of the Weekly Initial Jobless Claims... And once again, the rot on labor's vine was exposed... The total Claims files last week was 627K, the experts had forecast 600K... But here's the thing that really hits home... The number of Americans collecting unemployment benefits has jumped to 4.99 Million, and each week and new record number is established... It certainly tells me that the labor market is still deteriorating......