This page has been archived and commenting is disabled.

Frontrunning: March 3

Tyler Durden's picture





 
  • Why the Dollar's Reign Is Near an End (WSJ)
  • Take a bow Hatzius: John Taylor takes apart Goldman's economic "achemists and quacks" (Bloomberg) - This is what happens when you sellout to the propaganda machine
  • William Cohan joins the tinfoil hat brigade - A Conspiracy With a Silver Lining (NYT)
  • Gaddafi strikes oil areas, Arabs weigh peace plan (Reuters)
  • No criminal charges ever: Officials Disagree on Penalties for Mortgage Mess (NYT)
  • Bernanke Sees 200,000 Hit to Jobs from Budget Cuts (Reuters)
  • It's Taps For the Still Weakening Dollar (RCM)
  • Asia Moves to Shore Up Strategic Oil Reserves (FT)
  • Beijing home sales slump in February (China Daily)
  • ECB Set to Deliver Inflation Warning (WSJ)
  • Obama "outraged" by attack in Germany (Reuters)
  • Europe Must Plan a Reform, Not a Pact (FT)
  • Merkel names ally as new defence minister (FT)
  • Congress Approves Temporary Budget Bill, Avoids Shutdown (BusinessWeek)
  • Gross Says Treasury Yields Too Low as Fed Approaches End of Asset Buying (Bloomberg)
  • Mukherjee Signals Higher Oil May Spur India Subsidy, Risk Deficit-Cut Plan (Bloomberg)

European economic highlights:

  • Euro-Zone PMI Composite for February 58.2 - lower than expected. Consensus 58.4. Previous 58.4.
  • Euro-Zone PMI Services for February 56.8 - lower than expected. Consensus 57.2. Previous 57.2.
  • Euro-Zone GDP for Q4 0.3% q/q 2.0% y/y – in line with expectations. Consensus 0.3% q/q 2.0% y/y. Previous 0.3% q/q 2.0% y/y.
  • Euro-Zone Retail Sales for January 0.4% m/m 0.7% y/y - higher than expected. Consensus 0.3% m/m 0.0% y/y. Previous -0.6% m/m -0.9% y/y.
  • Germany Retail Sales for January 1.4% m/m 2.6% y/y - higher than expected. Consensus 0.5% m/m 1.7% y/y. Previous -0.3% m/m -1.3% y/y.
  • Germany PMI Services for February 58.6 - lower than expected. Consensus 59.5. Previous 59.5.
  • France PMI Services for February 59.7 - lower than expected. Consensus 60.8. Previous 60.8.
  • Italy PMI Services for February 53.1 - higher than expected. Consensus 51.1. Previous 49.9.
  • Italy PPI for January 1.1% m/m 5.2% y/y - higher than expected. Consensus 0.9% m/m 4.6% y/y. Previous 0.6% m/m 4.6% y/y.
  • UK PMI Services 52.6 - lower than expected. Consensus 53.7. Previous 54.5.
  • ECB Announces Interest Rates. Consensus 1.00%. Previous 1.00%.
 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 03/03/2011 - 09:17 | Link to Comment Snidley Whipsnae
Snidley Whipsnae's picture

Who wouldda thunk three years ago we would be hearing the WSJ calling for a tombstone for the dollar today?

Thu, 03/03/2011 - 09:26 | Link to Comment Terminus C
Terminus C's picture

From the: No criminal charges ever: Officials Disagree on Penalties for Mortgage Mess (NYT)

But other regulators, including the Office of the Comptroller of the Currency, which oversees national banks, and the Federal Reserve, do not favor such a large fine, contending a small number of people were the victims of flawed foreclosure procedures.

Small number of people affected... this is and will continue to affect the entire economy... of the fuckin world...

Glad the regulators have a good grasp of this.

Thu, 03/03/2011 - 09:37 | Link to Comment Bob
Bob's picture

The Voice of Perversion abhors competition:

The nation’s largest mortgage servicer, Bank of America, is already readying what will be among the industry’s main arguments: that it is unfair to reward homeowners who are delinquent or underwater but cannot point to specific errors in their case.

“The question is one of fairness, who should receive a modification and who should not,” said Jim Mahoney, a spokesman for the bank. Too broad a rescue package, he said, “could forestall the housing market recovery or even create perverse incentives.”

Thu, 03/03/2011 - 09:42 | Link to Comment SheepDog-One
SheepDog-One's picture

Bernanke sees 200,000 job cuts due to a measely FOUR billion 'budget cut'? So then Bernankes normal day of $9 billion POMO monetization means 400,000 jobs are lost daily then. This is all just plain madness. On steroids.

Thu, 03/03/2011 - 09:59 | Link to Comment Careless Whisper
Careless Whisper's picture

Alcatel Lucent May Be Takeover Target By Chinese

Bell Labs Under Chinese Control?

http://www.bloomberg.com/news/2011-03-03/alcatel-shares-reach-the-highes...

 

Thu, 03/03/2011 - 11:18 | Link to Comment rwe2late
rwe2late's picture

Here's a surprise:

 

The Supreme Court of the United States ruled Tuesday that AT&T and other corporations do not have personal privacy rights under the Freedom of Information Act (FOIA).

The unanimous decision in

Federal Communications Commission v. AT&T, Inc.

reversed a ruling by a US appeals court in favor the telecommunications company.http://www.rawstory.com/rs/2011/03/02/supreme-court-corporations-dont-have-personal-privacy-rights/

"We trust that AT&T will not take it personally," Roberts added. "The judgment of the Court of Appeals is reversed."

 

(not take it personally...lol)

Thu, 03/03/2011 - 13:02 | Link to Comment velobabe
velobabe's picture

testing

Do NOT follow this link or you will be banned from the site!