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Busy Day As 5 Fed Members Talk

Tyler Durden's picture




 

House prices, consumer confidence and comments from a whopping five Fed officials.
 
9:00: S&P/Case-Shiller home price index (September): Small gain. Goldman sees a small increase in the seasonally adjusted Case-Shiller 20-city index during September.
GS +0.2%; Consensus: -0.1%; Last -0.1%.
 
10:00: Conference Board confidence index (November): Improvement. Household attitudes appear to have improved in November, based on the University of Michigan’s index of consumer sentiment, as well as daily measures of confidence we track. The forecast sees an increase in the Conference’s Board’s confidence index to 44.0 from 39.8 previously.
GS: 44.0; Consensus: 44.0; Last: 39.8. MAP: 3
 
10:00: FHFA House Price Index (September): Another decline? This index—which tracks the purchase price of homes with agency-conforming mortgages—has weakened over the last few months. Consensus forecasts expect another decline for September.
Consensus: -0.1%; Last -0.1%.
 
11:30: Federal Reserve Vice Chair Janet Yellen on the global recovery at the San Francisco Fed’s Asia Economic Policy Conference.
 
12:15: Federal Reserve Governor Sarah Bloom Raskin moderates panel at Fed conference. 
 
12:27: Atlanta Fed President Dennis Lockhart on the economy.
 
16:30: San Francisco Fed President John Williams speaks to reporters at Fed conference.
 
19:00: Minneapolis Fed President Narayana Kocherlakota speaks to reporters before speech at Stanford. His formal remarks—titled “Making Monetary Policy”—will follow at 20:00.

 

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Tue, 11/29/2011 - 09:13 | 1924815 Carlyle Groupie
Carlyle Groupie's picture

The white shoe boys will tell a tale of the supreme supremacy of the giant whale.

Tue, 11/29/2011 - 10:06 | 1925007 narapoiddyslexia
narapoiddyslexia's picture

A measured response to short-term cyclic phenomena is all that's called for, and the new FED Optics Bureau can handle it.

Tue, 11/29/2011 - 09:14 | 1924820 jcaz
jcaz's picture

LOL-  the Fed is out touting in force today...... Pump it, boys......

Tue, 11/29/2011 - 09:16 | 1924828 Racer
Racer's picture

 

 

  five official Fed whopping liars

Tue, 11/29/2011 - 10:00 | 1924960 hedgeless_horseman
hedgeless_horseman's picture

 

 

Hear no evil.

See no evil.

Speak no evil.

Ease no evil.

Print no evil.

Tue, 11/29/2011 - 09:22 | 1924838 HD
HD's picture

Wow - they need five guys at a time now to spin this bullish... Remember when it was just Ben and his wingman extraordinaire Tiny Tim?

Tue, 11/29/2011 - 09:22 | 1924841 Quintus
Quintus's picture

Five Fed bobble heads in the same day?

Is the Fed seeking to make up with quantity what it clearly lacks in quality?

Tue, 11/29/2011 - 10:23 | 1925123 maddogs
maddogs's picture

Oh quantity is coming, lol. Ink is ordered and oil cans filled for the presses.

The purpose of Governing Bodys is to elucidate lies.

Tue, 11/29/2011 - 09:25 | 1924845 rufusbird
rufusbird's picture

Puppeteers must be very busy indeed...

Tue, 11/29/2011 - 09:29 | 1924863 death_to_fed_tyranny
death_to_fed_tyranny's picture

Off with their heads!

Tue, 11/29/2011 - 10:09 | 1925026 HD
HD's picture

That would make exactly zero impact on their decision making skills...

Tue, 11/29/2011 - 09:32 | 1924871 DavosSherman
DavosSherman's picture

Amazing that the fate of our economy can be placed in the hands of a few utter and absolute corrupt psychpathic morons!

Tue, 11/29/2011 - 09:36 | 1924887 cossack55
cossack55's picture

A few???? Have you SEEN the Black Friday videos? I would guess 100 million utter psychopathic morons might come closer.

Tue, 11/29/2011 - 09:37 | 1924891 Bansters-in-my-...
Bansters-in-my- feces's picture

I tried to resist...

But...could.........n.o.t...

................Fuck You's Bankers!!!.............................

Tue, 11/29/2011 - 09:54 | 1924927 LongSoupLine
LongSoupLine's picture

Hmmm, 5 of them...just 1 day after the Teleprompter said we (read: taxpayers) will prop, er "support", Europe.

Welcome to more of the same...tag team propaganda speeches that's pumped to the extreme by the shill MSM.

Tue, 11/29/2011 - 09:52 | 1924933 Tsar Pointless
Tsar Pointless's picture

Blah blah sound economy blah blah transitory blah blah strong dollar blah blah economic headwinds blah blah fiscal stimulus blah blah tools blah blah rough patch blah blah robust growth blah blah.

Oh, I could go on, but I'll just let them do it for me.

Like most Amerikkkans, I'm now officially a lazy ass.

WHERE ARE MY GODDAMN BREAD AND CIRCUSES!?

Tue, 11/29/2011 - 09:56 | 1924946 mess nonster
mess nonster's picture

And meanwhile AMR goes belly up.

Aviation is at the very apex of the economic pyramid, er, I mean house of cards. A poisonous atmosphere caused by burning 3.00/gallon jet fuel is eough to kill any canary. Peak Oil's first victim, bitchez!

Tue, 11/29/2011 - 10:07 | 1925016 Fred C Dobbs
Fred C Dobbs's picture

they all have their script.

 

 

Tue, 11/29/2011 - 10:52 | 1925282 Atreyu
Atreyu's picture

something, something... Dark Side... something, something, Complete.

Tue, 11/29/2011 - 10:39 | 1925215 Lmo Mutton
Lmo Mutton's picture

One way to start a revalation against banksters is to advertise they have towels on sale for $1.25.

Tue, 03/13/2012 - 09:11 | 2249970 Gelir
Gelir's picture

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