Re: 1st step for ECB
(an interoffice email) I’m thinking they had to do something about the euro. the eurozone exporters can be very convincing warren On Feb 7, 2008
February 7, 2008
(an interoffice email) I’m thinking they had to do something about the euro. the eurozone exporters can be very convincing warren On Feb 7, 2008
Initial Jobless Claims (Feb 2) Survey 342K Actual 356K Prior 375K Revised 378K Moving down, but will need to fall more next week to signal
Keeps getting stranger by the day. Next thing they’ll be saying is GDP really fell in Q3 and Q4, but the drop was all in
Plosser is perhaps the most hawkish Fed president. Look for a dove to speak soon to soften this stance? (intro remarks deleted) The FOMC and
Seems the last three spikes down in this series were entirely emotional responses that quickly reversed? ♥
Mortgage Bankers Association Purchase Index SA (Feb 1) Survey n/a Actual 405.3 Prior 362.0 Revised n/a Wild January, even considering all year ends are volatile
ISM Non-Manufacturing Composite (Jan) Survey 52.5 Actual 44.6 Prior 53.2 Revised n/a ISM Non-Manufacturing Business (Jan) Survey 53.0 Actual 41.9 Prior 53.9 Revised 54.4 These
Yes, one more data point indicating we hit the wall right around year end. (ISM, car sales, payrolls, redbook sales) Maybe the stock market scared
Saudis are selling more oil at the higher prices, as they continue to function as swing producer, setting prices and letting quantity adjust. ♥
Anecdotal support for twin themes of declining domestic demand augmented by booming export demand, and rising prices: Whirlpool’s Maytag buy pays off in 4Q by