Today's Economic Data Docket - Industrial Production And Housing Starts; 12:30pm MerkOzy Press Conference Will Be Market Moving

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Tue, 08/16/2011 - 08:28 | 1564760 buzzsaw99
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Consensus forecasts expect a small additional decline in US import prices of 0.1% (mom), likely due to a lagged response to past declines in commodity prices...


Exactly right. It will be the same with the July CPI when it is announced later this week. August, when it is tallied, should reflect lower oil, etc., prices (if they hold). Gold doesn't count. heh

Tue, 08/16/2011 - 08:31 | 1564771 LoneStarHog
LoneStarHog's picture

When oil goes up it has no effect.  When oil goes down it has an effect. Simple logic :/

Tue, 08/16/2011 - 08:30 | 1564763 LoneStarHog
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Is her telepromter in German or English and does it have a button to press for Espanol?

Tue, 08/16/2011 - 08:31 | 1564768 Independent Rep...
Independent Republicrat's picture

Hmmm, let's see. MerkOzy or better yet, S&M will announce their intentions to save the EU without any realistic plan to do so. Markets will rally in the US until the, should be in prison, talking heads on CNBC realize that we're fu%#ed - after the market crashes. 

Tue, 08/16/2011 - 08:35 | 1564780 SheepDog-One
SheepDog-One's picture

Swirling the leaves in the teacup...the oracles will see whether or not the stocks can go up more in the recession within the overall depression.

BTW Robo another great after-the-bell call about this 'rally' only having just begun. 

Buy gold, short Eurobonds. 

Tue, 08/16/2011 - 08:41 | 1564793 Smiddywesson
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March 2009, that's how long they have held this market up.  They will continue to hold it up while they slowly acquire gold.  It's not a market.  To assert that it must crash at any given point is the same as asserting that the Fed and Treasury will run out of money to goose stock prices or will just change their game plan.  It's not going to happen.  TPTB have made their intentions perfectly clear.  They will hold the market up as long as they can get cheap gold.

Tue, 08/16/2011 - 08:40 | 1564795 TradingJoe
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Merkel da' Ferkel is fucked at home, she will not leave her house if she goes ahead with this "plan"! More likely it will be another round of bla bla to "save" the "market(s)" but it won't last long, even if a "rally" ensues! SarkMan has also very little choice, his country stands to lose it's 3A rating, or whatever that is:)))!

Tue, 08/16/2011 - 08:44 | 1564802 Smiddywesson
Smiddywesson's picture

Craemer just said bears have to make their quarter too, and they don't care if they destroy capital and crash markets.  They will have their day too, and they are luring in the lairs blah, blah, blah.

It's all those nasty bears.  Too funny.

Tue, 08/16/2011 - 08:55 | 1564832 buzzsaw99
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the cheerleaders always yell the loudest when the team is behind.

Tue, 08/16/2011 - 08:51 | 1564812 anynonmous
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Merkel will talk tough then write a check

and like their American cousins the faint sounds of German sheeple bleating will be drowned out by the complacency that has gripped  Europe and America

Tue, 08/16/2011 - 08:54 | 1564829 TradingJoe
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Thing is, she does not have the authority to "write a check", Bundestag and Bundesrat need to aprove!!! And they WON'T!!!

Tue, 08/16/2011 - 09:14 | 1564898 GCT
GCT's picture

Trader I think it will pass anyway.  Germany needs to keep exporting to the PIIGS to keep the Germans from finally waking up and rioting.  Their economy is contracting and Germany does not have alot of places to sell too right now.  The USA is not buying much as people are trying to pay off debt.  I think they will kick the can down the road and after their press conference like another poster said the rally will begin anew.

But hey you never know the Bundestag and Bundesrat may actually think about the Germans for a change. 

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