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Key US Events In The Coming Week

Tyler Durden's picture




 

Summary of key US events in the week ahead:

Monday, April 1

  • 10:00AM Construction Spending, February (consensus +0.8%, last -2.1%); Recent data on construction employment and housing units under construction point to a rebound from January's 2.1% drop.
  • 10:00AM ISM Manufacturing Index, March (consensus 54.2, last 54.2); The slowdown in some regional Fed surveys and the Chicago PMI point to a slight drop in the ISM Manufacturing Index.

Tuesday, April 2

  • 10:00AM Factory Orders, February (consensus +2.5%, last -2.0%) ; Strong orders for durable goods point to an increase in factory orders in February.
  • 01:00PM Minnesota Fed President Kocherlakota (FOMC non-voter) speaks on monetary policy; Minnesota Fed President Kocherlakota will speak on "Improving the Outlook with Better Monetary Policy" and will take questions. Remarks will be similar to last week's speech of the same title, in which he repeated his preference for a 5.5% unemployment threshold for forward guidance on the Fed funds rate.
  • 01:30PM Atlanta Fed President Lockhart (FOMC non-voter) will speak and take questions.
  • 05:00PM Motor Vehicle Sales, March (consensus 15.3m, last 15.3m); Domestic Motor Vehicle Sales, March (GS 12.0m, consensus 12.0m, last 12.0m)
  • 07:30PM Chicago Fed President Evans (FOMC voter) and Richmond Fed President Lacker (FOMC non-voter) will speak at a conference at Virginia Commonwealth University and take questions.

Wednesday, April 3

  • 08:15AM ADP Employment Change, March (consensus 198k, last 198k)
  • 10:00AM ISM Nonmanufacturing Index, March (consensus 56.0, last 56.0); The drop in March in the service sector component of the Richmond Fed's survey is balanced by recent strength in retail sales. ISM Nonmanufacturing Index is expected to drop only slightly to 55.5, roughly in line with the three-month moving average.
    03:30PM San Francisco Fed President Williams (FOMC non-voter) speaks on monetary policy

Thursday, April 4

  • 08:30AM Initial UI claims (consensus 340k, last 357k), continuing claims (consensus 3,041k, last 3,050k); Initial claims rose by 16k last week, but the 4 week moving average remains just above post-recession lows at 343k. Continuing claims have also continued to trend down.
  • 08:45AM Chicago Fed President Evans (FOMC voter) and Atlanta Fed President Lockhart speak on monetary policy
  • 10:30AM Fed Chairman Bernanke speaks on the economy via taped video at University of Dayton conference
  • 12:30PM Kansas City Fed President George (FOMC voter) speaks on the economy; George has dissented to both FOMC decisions this year, citing concern about financial imbalances.
  • 05:00PM Fed Vice Chair Janet Yellen interviewed by Fortune Magazine

Friday, April 5

  • 08:30AM Nonfarm Payrolls, March (consensus 190k, last 236k); Jobless claims continued to fall in March and job ads increased.
  • 08:30AM Unemployment Rate, March (consensus 7.7%, last 7.7%); Last month's two-tenths drop in the unemployment rate consisted of roughly equal contributions from increased employment and decreased participation.
  • 08:30AM Average Hourly Earnings, March (consensus +0.2%, last +0.2%); Growth in average hourly wages has been subdued at about 2% year-over-year for the past few years.
  • 08:30AM Trade balance, February (consensus -$44.6bn, last -$44.4bn); A roughly flat trade balance is expected with a slight drop in petroleum imports. The trade balance was volatile at the end of 2012 and was slightly wider in January than the 6-month moving average of -$42.6bn.
  • 03:00PM Consumer Credit, February (consensus +$16.0bn, last +$16.1bn); Consumer credit has expanded at a steady pace of about $16bn per month over the last few months. The consensus expects the recent trend to continue

via GS

 

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Mon, 04/01/2013 - 08:07 | 3395413 GetZeeGold
GetZeeGold's picture

 

 

Still nothing about beefing up border security? Oh well....maybe next week after they take all our guns.

Mon, 04/01/2013 - 08:10 | 3395415 ParkAveFlasher
ParkAveFlasher's picture

As long as money can't get OUT, all is well.

Mon, 04/01/2013 - 08:14 | 3395417 negative rates
negative rates's picture

You could be in for some trouble, I suggest you watch your back 24/7 from now on.

Mon, 04/01/2013 - 08:16 | 3395420 NoWayJose
NoWayJose's picture

Don't forget these key events:
Monday - 8:30 - slam down PMs;
Tuesday - 8:30 - slam down PMs;
Wednesday - 8:30 - slam down PMs;
Thursday - 8:30 - slam down PMs;
Friday - 8:30 - slam down PMs...!
That about covers it

Mon, 04/01/2013 - 08:20 | 3395426 GetZeeGold
GetZeeGold's picture

 

 

It's gotta be costing those guys a freakin fortune in fiat.

 

I'm not going to complain about it....it's the only government program that's ever helped me.

Mon, 04/01/2013 - 08:28 | 3395439 Croesus
Croesus's picture

@ Get Zee Gold:

No worries, man! The moar they print, the moar undervalued it gets. So on one hand, Ben Bernanke is actually doing us a favor, giving us a chance to stack moar.

Thank You, Chairsatan!

 

Mon, 04/01/2013 - 08:50 | 3395464 e-recep
e-recep's picture

the longer they hold the reins of gold, the higher will gold overshoot when the reins come loose.

Mon, 04/01/2013 - 09:42 | 3395611 GoldForCash
GoldForCash's picture

Hyperinflation: Wiemar, Germany January 1919 to November 1923
[Expressed in German Marks needed to by an oz. of ag. or au.]"

Jan. 1919
Silver 12
Gold 170

May. 1919
Silver 17
Gold 267

Sept. 1919
Silver 31
Gold 499

Jan. 1920
Silver 84
Gold 1,340

May 1920
Silver 60
Gold 966

Sept. 1921
Silver 80
Gold 2,175

Jan. 1922
Silver 249
Gold 3,976

May. 1922
Silver 375
Gold 6,012

Sept. 1922
Silver 1899
Gold 30,381

Jan. 1923
Silver 23,277
Gold 372,447

May. 1923
Silver 44,397
Gold 710,355

June 5, 1923
Silver 80,953
Gold 1,295,256

July 3, 1923
Silver 207,239
Gold 3,315,831

Aug. 7, 1923
Silver 4,273,874
Gold 68,382,000

Sept. 4, 1923
Silver 16,839,937
Gold 269,429,000

Oct. 2, 1923
Silver 414,484,000
Gold 6,631,749,000

Oct. 9, 1923
Silver 1,554,309,000
Gold 24,868,950,000

Oct. 16, 1923
Silver 5,319,567,000
Gold 84,969,072,000

Oct. 23, 1923
Silver 7,253,460,000
Gold 1,160,552,662,000

In the last month of the weimar pm's started at silver 12 marks gold 170 marks in Jan 1919 to the following. Anybody want to do the math....don't let your pm's go to soon. Hold out till the last minute. Like just prior to starvation.

Oct. 30, 1923
Silver 8,419,200,000
Gold 1,347,070,000,000

Nov. 5, 1923
Silver 54,375,000,000
Gold 8,700,000,000,000

Nov. 13, 1923
Silver 108,750,000,000
Gold 17,400,000,000,000

Nov. 30, 1923
Silver 543,750,000,000
Gold 87,000,000,000,000

Mon, 04/01/2013 - 09:42 | 3395612 GoldForCash
GoldForCash's picture

Hyperinflation: Wiemar, Germany January 1919 to November 1923
[Expressed in German Marks needed to by an oz. of ag. or au.]"

Jan. 1919
Silver 12
Gold 170

May. 1919
Silver 17
Gold 267

Sept. 1919
Silver 31
Gold 499

Jan. 1920
Silver 84
Gold 1,340

May 1920
Silver 60
Gold 966

Sept. 1921
Silver 80
Gold 2,175

Jan. 1922
Silver 249
Gold 3,976

May. 1922
Silver 375
Gold 6,012

Sept. 1922
Silver 1899
Gold 30,381

Jan. 1923
Silver 23,277
Gold 372,447

May. 1923
Silver 44,397
Gold 710,355

June 5, 1923
Silver 80,953
Gold 1,295,256

July 3, 1923
Silver 207,239
Gold 3,315,831

Aug. 7, 1923
Silver 4,273,874
Gold 68,382,000

Sept. 4, 1923
Silver 16,839,937
Gold 269,429,000

Oct. 2, 1923
Silver 414,484,000
Gold 6,631,749,000

Oct. 9, 1923
Silver 1,554,309,000
Gold 24,868,950,000

Oct. 16, 1923
Silver 5,319,567,000
Gold 84,969,072,000

Oct. 23, 1923
Silver 7,253,460,000
Gold 1,160,552,662,000

In the last month of the weimar pm's started at silver 12 marks gold 170 marks in Jan 1919 to the following. Anybody want to do the math....don't let your pm's go to soon. Hold out till the last minute. Like just prior to starvation.

Oct. 30, 1923
Silver 8,419,200,000
Gold 1,347,070,000,000

Nov. 5, 1923
Silver 54,375,000,000
Gold 8,700,000,000,000

Nov. 13, 1923
Silver 108,750,000,000
Gold 17,400,000,000,000

Nov. 30, 1923
Silver 543,750,000,000
Gold 87,000,000,000,000

Mon, 04/01/2013 - 08:19 | 3395423 buzzsaw99
buzzsaw99's picture

bullshit numbers and fedspeak. :yawn:

Mon, 04/01/2013 - 08:48 | 3395456 Edward Fiatski
Edward Fiatski's picture

GS, eh?

:)

P.S. Non-farm exp. consensus is intentionally low, so we could have an, "OMG - Recovery!" reaction. Pass the Hopium.

Mon, 04/01/2013 - 08:58 | 3395482 SheepDog-One
SheepDog-One's picture

Key events this week- 'Lie, Cheat, Steal, Lie some moar'

Mon, 04/01/2013 - 09:06 | 3395502 Chupacabra-322
Chupacabra-322's picture

Followed by:

Rape, Murder, Wage War and Pillage

Mon, 04/01/2013 - 09:06 | 3395500 q99x2
q99x2's picture

Another week of viperous lies.

Mon, 04/01/2013 - 09:31 | 3395581 GMadScientist
GMadScientist's picture

All this talk about building a fence to keep out foreigners...I'd rather build a fence (if not prison) around DC.

 

Mon, 04/01/2013 - 10:26 | 3395712 el-greco
el-greco's picture

Fed presidents three day week schedule.

Monday : rest

Tuesday : propaganda and market intererence

Wednesday : propaganda and market interference

Thursday : propaganda and market interference

Friday : rest

Mon, 04/01/2013 - 12:17 | 3396150 Mototard at Large
Mototard at Large's picture

Do you think that HP has evil and predatory pricing practices on its inkjet printer refill cartridges?  Please see article and survey.  I will keep this survey up for one month and then send the results to HP’s CEO and VP of marketing.  http://tinyurl.com/cjpvaf7

Do NOT follow this link or you will be banned from the site!