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Today's Economic Data Docket - Wholesale Inventories, No POMO, Speeches And Government Shutdown

Submitted by Tyler Durden on 04/08/2011 07:39 -0400

A quiet data calendar to close the week, as eyes are now focused away from Europe and on the hill. Futures are up, commodities are surging, as the dollar destruction continues. There is no POMO.

8:00: Atlanta Fed President Dennis Lockhart speaks on the economic outlook. Q&A scheduled. Mr. Lockhart is not currently a voting member of the FOMC.

10:00: Wholesale inventories (February): Another gain. Wholesale inventories are not a market mover, but they can affect out “bean count” model of current quarter GDP. Higher commodity prices may lift nominal inventory growth for some wholesalers.
Median forecast (of 32): +1.0%; last +1.1%.

10:15: Dallas Fed President Richard Fisher on monetary and fiscal policy. Q&A scheduled. Mr. Fisher is a voting member of the FOMC this year.

From Goldman and Zero Hedge

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Fri, 04/08/2011 - 07:40 | 1149208 pendragon

thankfull lockhart doesn't have the vote...what a tit

Fri, 04/08/2011 - 07:53 | 1149221 spiral_eyes

if the debt ceiling cannot be raised, and the government shutdown is prolonged, will obama declare emergency powers and let bernanke crank the printing press to directly fund government obligations in lieu of selling treasuries?

is that the keynesian endgame?

Fri, 04/08/2011 - 07:48 | 1149219 blindfaith

Tyler, you forgot to mention that the amusement parks open this weekend too!

A fun filled weekend for any and all.

Fri, 04/08/2011 - 07:53 | 1149228 ParaZite

We all need to just live in this magical place, were the magical suit can make us all happy!

http://www.youtube.com/watch?v=rOmTH1fIhBE

As far as the Government shutdown... I remember the one during Clinton... and honestly, unless you worked in the government, not a single fuck was given. If they stop paying the troops... I say, put down your guns boys, pack up your shit, and come home. No pay, no imperialism for you B.H.O. Come to think of it, perhaps all US corporations should pay the wages of our military. Let he/she who profits from war, foot the bill.

Fri, 04/08/2011 - 08:14 | 1149278 lesterbegood

The UNITED STATES CORPORATION is insolvent, as is the Federal Reserve.

The end of corporations posing as legitimate government. Lawful government has returned to the people.

http://republicfortheunitedstates.org

Fri, 04/08/2011 - 08:16 | 1149295 squexx

Japan had a big earthquake and the Nikkei is up nearly 2%. If we have a 9.5 hit on California today, we should break 13,500!

Fri, 04/08/2011 - 08:36 | 1149353 MarketTruth

INFLATION FACT: My very close friend works for one of, if not THE largest food wholesaler within the USA. While food did go up on the wholesale level on many products Jan 1 (2011) to the tune of ~4%, the notice just came out that MANY food items are going up next week at the wholesale level from 4% to over 10% per item.

Also, there was an alert that some products will be changing their container size, generally keeping height and width yet cutting down on the depth (remember, shelving space is set for size, yet depth can easily be dealt with in retail locations). Again, this is FACT and coming from one of, if not THE largest food wholesaler in the USA.

Fri, 04/08/2011 - 09:28 | 1149531 99er