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Today's Economic Events

Tyler Durden's picture


A day which is a market holiday for many parts around the world, see the US reports its ISM and construction outlays… Also, since it is a day ending in "y", Goldman FX desk protege Brian Sack will be buying stuff: formally, $7-9 billion bonds due 2/15/2018 – 11/15/2020. Informally: 4.0x+ beta stocks.

10:00: ISM manufacturing index for Dec…steady and sturdy?  With most regional surveys showing robust growth in manufacturing, we think the ISM manufacturing index will pick up a bit from last month’s already firm reading.

Median forecast (of 57) 57, ranging from 55 to 60, last 56.6.

10:00: Construction outlays for Nov…up, and if so by how much?  Our model of construction outlays points to a good-sized increase, reflecting generally lower interest rates and some increases in housing-related indicators, albeit from very depressed levels.

Median forecast (of 40): +0.2%, ranging from -0.8% to +0.7%; last +0.5%.

Via Goldman's Ed McKelvey


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Mon, 01/03/2011 - 08:33 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Really? Manufacturing what? Kool-aid?
Oh wait, bombs and bombers? Coke? Pepsi? Frito-lays?
Manufacturing hamburger meat?


Mon, 01/03/2011 - 09:35 | Link to Comment IslandMan
IslandMan's picture

A day ending in "Y".  

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