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Today's Economic Data Docket - Another Quiet Day As Last POMO Schedule Is Released
Another quiet day in the economic data front: Import prices, the budget balance and comments from President Dudley. There is no POMO today: the last POMO schedule is released at 2:00 PM - there will be at most 14 more POMOs for the duration of QE2. Then nothing.
8:30: Import/export price indexes (May). Lower oil prices. The drop in commodity prices is likely to lower the overall import price index for May. However, the lagged effect of past declines in the dollar may put upward pressure on prices of finished consumer goods.
Median forecast (of 55): -0.7%; last +2.2%.
9:00: New York Fed President William Dudley speaks in Brooklyn, NY.
14:00: Last QE2 POMO schedule released
14:00: The US budget balance (May). The CBO estimates that the May budget deficit declined by $77bn from the same month last year. The smaller deficit reflects shifts in the timing of certain payments, a revision to the estimated costs of the Troubled Asset Relief Program (TARP), and an underlying improvement in economic activity.
CBO -$59bn; median forecast (of 7) -$59bn; last (May 2010): -$136bn.
From GS and ZH
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29/30 July
Major Turning point (BRADLEY MODEL for 2011)
http://www.marketmulticycles.com/marketmulticycles9.htm
when...QE2 ENDS(thanks God)
Tyler look this..done by Citi Tech Team (Scott Fitzerald)
http://www.rankia.com/respuestas/806221/images/44605
You forgot to add the deer in the headlights picture after then nothing.
Must be another day to hear that the COMEX had 500k oz of registered silver leave it's warehouses since the last update a few days ago.
Buy Gold and Silver.. as the market goes down maybe you can pick up some cheaper than todays prices.. all stocks / etf's SELL!
get out!
go to cash! and tangibles!
maybe consider a vacation? it is the summer after all.. some place where the natives are well fed and food is plentiful! and cheap! maybe not cheap but cheap enough to afford for the locals so that they dont want to eat you!
Perfect storm? the perfect man made storm..
the stock market is crashing becuase of men..
the national debt men!
the default men!
forced austerity men!
hungry masses ='s??? get the fuck outa dodge!
all of you perma bull's! Good Luck and God Bless!
all of you that think starving a well armed mob is a Great Idea becuase Austerity is Fan-fucking-tastic! let them pull themselves up with no jobs skills and no jobs! LOL!! I would say I hope you get eaten first but life is not fair that way? or is Karma going to help out a lil? well safe to say I pray for your end!
Well they have about 68 Billion to blow so that works out to about 5 Billion a day everyday for the rest of the month.
David Tepper emails CNBC on the prospects of QE3. Once the market falls enough he believes the Fed comes back on its white horse to ponzi scheme us back up.
http://www.fundmymutualfund.com/2011/06/david-tepper-tells-cnbc-qe3-will...
Sure. And then what goes up? "* Everything * ...drool"
ooohhhhhhh snap! i hope this is going to be fun to watch, and doesn't turn out to be a non event. can't really imagine that happening though
"Then nothing."
You mean, until QE3, of course.