Today's Economic Data Docket - Or Largely Irrelevant Stuff Compared To Headlines Out Of Europe

It is completely irrelevant since nobody cares about economic data anymore, but it deserves a mention: today we get the CPI, industrial production and homebuilder sentiment.
 
8:30: Consumer Price Index (October): Subdued inflation. GS forecasts that the core Consumer Price Index (CPI) increased by just 0.1% (month-over-month), partly due to another decline in vehicle prices. The measures of rent-related inflation in the report, which decelerated in September, will be key for clues on the near-term inflation the outlook. We expect an unchanged reading for the all-items (headline) CPI.
CPI: GS: Flat; Consensus: Flat; Last +0.3%.
Core CPI: GS: +0.1%; Consensus: +0.1%; last +0.1%. MAP: 4
 
9:00: TICS net inflows (September). Foreign capital flow figures for August showed outflows from US equities and a sharp increase in inflows into Treasury securities, consistent with changes in asset prices during the month.
Consensus: +$50bn; last +$58bn.
 
9:15: Industrial production (October): Strong growth. Industrial production likely increased again in October, helped by improving motor vehicle assemblies and solid growth in output of business equipment.
Production: GS: +0.5%; Consensus: +0.4%; Last +0.2%. MAP: 2
Capacity utilization: GS: 77.6%; Consensus: 77.6%; Last 77.4%.
 
10:00: Housing Market Index (November): Another gain? The NAHB’s index of homebuilder sentiment unexpectedly improved in October, rising to 18 from 14 previously. However, the index remains within the range of the last four years (it reached a post-recession high of 22 in May 2010). The index would need to break out of this range before more convincingly signaling a recovery in the housing market.
Consensus: 18; Last 18. MAP: 1
 
11:15: Richmond Fed President Jeffrey Lacker on credit allocation.
 
12:45: Boston Fed President Eric Rosengren on the economy

Comments

[holdbuysell]

"It is completely irrelevant since nobody cares about economic data anymore"

Seriously.

I can hear George Orwell saying, "I told ya so."

[Spooky Polish]

Zamiatin and Huxley told it to Orvell earlier :)  

[disabledvet]

economic data matters more now than ever. it is the only thing that says we even have an economy that is functioning right now. Shall we talk "healthy growth?" Hahahaha. Not for some time. Not for some time.

[ioni]

You just called the economy functioning.

ok

[Spooky Polish]

He just called economy something more than casino these days 

[slaughterer]

You just called the economy the economy.  

[El Viejo]

Hey TD,

Since I can't pass on tips by email from work, do you have a spot like this one here with few comments just for tips?? Do you have a search engine at work that pops up interesting blogs? I can't imagine that you guys read every post.