This page has been archived and commenting is disabled.
Today's Economic Data Docket - Initial Claims, PPI And More Fed Speech-Induced Confusion
Today's docket: Initial claims, March PPI and the fed Fed speaker obfuscation brigade is back. As usual the Treasury issues debt and the Fed monetizes it.
8:30: Jobless claims (Week of April 9): Likely lower. Hiring activity should continue to improve, gradually reducing new benefit claimants.
Median forecast (of 49): 380,000; last: 382,000.
8:30: Producer Price Index (March): Further gains. Rising prices of both gasoline and food point to another increase in the headline PPI. The core index also looks likely to move higher. Yesterday’s Beige Book noted that manufacturers were having an easier time passing through input cost increases into the prices of finished goods.
On headline, median forecast (of 76): +1.0%; last +1.6%.
On core, median forecast (of 71): +0.2%, last +0.2%.
9:00: Federal Reserve Governor Elizabeth Duke on “Credit Conditions for Small Businesses”. Q&A scheduled.
9:20: Minneapolis Fed President Narayana Kocherlakota on economic development. Q&A scheduled. Mr. Kocherlakota is a voting member of the FOMC this year.
11:00: $6-8 billion POMO closes, Fed monetized debt due 05/15/2018-02/15/2021
12:30: Philadelphia Fed President Charles Plosser on “State of the US and World Economies”. Mr. Plosser is a voting member of the FOMC this year.
13:00: Treasury Sells $13 Billion 30 Year Debt (29-Year 10-Month 4-3/4% Bond Reopening)
13:15: Federal Reserve Governor Daniel Tarullo on “High-wire Act: Balancing Growth and Inflation”. Q&A scheduled.
18:45: Richmond Fed President Jeffrey Lacker speaks at University of Baltimore.
»
- 1977 reads
- Printer-friendly version
- Send to friend
- advertisements -
Table 2 just ordered a Smokescreen
Is it just me, or have more and more Fed speakers started to argue that you cannot have inflation without wage inflation? Maybe I'm just paying more attention, but it seems that in the past 2 weeks, the doves are trotting out this argument?
right. We can't have inflation untill they so.
It's like the wise saying that says:
I you fool around in another timezone, it's not cheating.
and as they are now living on another planet...
next time zone? damn, I thought it wasn't cheating if it was another town, I might be in trouble
If your plan is to lower living standards 30%, then you can have 6 years or so of 5% inflation without wages budging an inch.
If this bothers you, please write your Congressperson.
good commentary on the cheap, cheap levels of uranium stocks after japan crisis: http://www.youtube.com/watch?v=f-EkkhJi9VY
"Bahrain to seek court approval to dissolve main Shiite opposition party - State news agency via Reuters"
Tyler, I only see the headline so far, but thought you might be interested.
http://www.breakingnews.com/seed/ahBicmVha2luZ25ld3Mtd3d3cg0LEgRTZWVkGIqOggMM/2011/04/14/bahrain-to-seek-court-approval-to-dissolve-main-shiite-opposition-party-state-news-agency-via-reuters
Oh shit, Tyler! Never mind about Bahrain.
"Apple Suppliers Begin Making White iPhones"
We all know what it means. It is now truly time to stock up on ammunition and whiskey. Might want to invest in a machete, too.
http://news.yahoo.com/s/nm/20110414/tc_nm/us_apple
Everyone knows that the white iPhone will be the cause of people everywhere suddenly developing a curious penchant for human flesh. Watch those headlines, "Man bites _________."
Stay out of malls and steer clear of 5430 LBJ Freeway, Dallas, TX 75240
Sell KRO and, of course, AAPL.
Prepare for the zombie apocalypse, my ZH brothers. Hell of a world.
http://www.zombiehub.com/zombietaxonomy.html
And if Bahrain and the coming zombie apocalypse are not enough for you, plus the China property bubble pop, this morning DC reveals that it has opened a new front on the war against bankers. This ought to be good.
War on bankers, bitchez!
That's right. Money laundering through the primary dealers.
How are they going to spin this data as positive? 412K