Today's Economic Data Highlights - GDP Revision, Claims And Chicago PMI

Tyler Durden's picture

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Dollar Bill Hiccup's picture

Tyler,

I thought there was a POMO today but on the NYFED's site it shows nothing scheduled ... ?

shanelee's picture

I actually own a small business, and it seems to me that buying fans actually has benefited my business. I purchased 5,000 fans from fanbullet.com and after that my fan base grew buy facebook likes by itself. I didn't have to do anything. I saw an increase in sales as well. So I believe is actually worth it. Hope this helps someone.

Cognitive Dissonance's picture

Last day of the month, last day of the quarter. With the hat trick safely in place (Sept 2010 up 8%) how desperate are the powers to hold on today?

I always laugh when some people snicker at the idea that there's no manipulation in the markets by your average (large) money manager yet they take for granted that there is end of quarter "window dressing" going on.

Can you say opposing beliefs aka cognitive dissonance.

Hedge Jobs's picture

you know what would really be a highlight:

10:00: Federal Reserve Chairman Ben Bernanke pleads guilty to crimes aginst humanity and begs for mercy as the nuremberg trials mark II begin. He will be joined by co conspiritors FDIC Chair Sheila Bair, SEC Chair Mary Schapiro, and CFTC Chairman Gary Gensler.

firstdivision's picture

Wow, that was a stick save by massaging some numbers.

Number 156's picture

Ok, now can anyone tell me:

  1. How do we know if these numbers are accurate?
  2. These numbers wont magically be revised next month. (up or down, doesnt matter).
bigdumbnugly's picture

the numbers are OK.  spain just confirmed them.

john_connor's picture

I'm frontrunning JPY and CHF interventions.  Fasten Seatbelt.

Clark_Griswold Hedge Mnger's picture

John,

you expecting the swiss to step in again; the last few times didn't work out all that well for them if I recall.

Just wondering?

Clark

john_connor's picture

I don't think they will have a choice.  Bruce Krasting discussed the possibility of a two tier franc a while back, which would essentially be a selective tariff. 

What is interesting is so many currencies at breaking point all at once.  JPY, AUD, CHF, EUR.

A waterfall awaits. 

Clark_Griswold Hedge Mnger's picture

Can you imagine the complexities of a two tiered franc???? 

I see your point, yes everyone is at the tipping point:

Uncle Ben is manning the pumps to finish off the month;

Spain needs to get a new calculator

Ireland, Italy, Port, etc....

Japan trying to keep it down....

And of course who can forget Brazil and Powerhouse Peru.

This is going to be an interesting day.

Metals already up pre market, course with this mess shouldn't be a surprise.

Cognitive Dissonance's picture

I should say that I've been clicking away at your charts for the past two weeks. So it's about time I gave you a shout out and a hearty "good job".

Thanks.

99er's picture

Thanks. They're my subversive acts.

papaswamp's picture

Market will skyrocket today....unless something bad happens.

StockInsanity's picture

More B.S. Backwards looking revisions, Zerohedge I am sure we would love to see some stats on what % of Government Numbers are getting downwardly revised in the month following them getting put out there.

Seems like every one !

StockInsanity

Everyman's picture

Read the BLS Reporting thread today.  IT is 90% of the time BLS Revises their data.  IT is rosey on the report date, then revised backwards.

90 percent of the time!

What would happen at YOUR JOB if we had to redo your work 90 percent of the time?

Cognitive Dissonance's picture

Based upon most company promotion policies, abject failure is always promoted to the corner office....as long as you're an ass kisser and will carry the water. If you're one of the peons, it's off to the slave ship for you.

It's not what you do, it's not who your know, it's who you bl......

ziggy59's picture

 

Stock futures climb on drop in unemployment claims Stock futures climb on last day of quarter after reports on unemployment claims, GDP

http://finance.yahoo.com/news/Stock-futures-climb-on-drop-apf-3589963920...

 

Cognitive Dissonance's picture

What's the significance of the "99er". As in 99 percentile?

Or did you blindly punch keys when asked to pick a ZH ID? :>)

senthil456's picture

There are certainly a lot of details like that to take into consideration.I read and understand the entire article and I really enjoyed it to be honest.
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