Today's Economic Data Docket - PPI And TICS, Both To Largely Ignored In Headline Avalanche

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Tue, 10/18/2011 - 08:28 | 1784594 Irish66
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banks stocks rumor?

Tue, 10/18/2011 - 08:34 | 1784608 HelluvaEngineer
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Probably the PPT team to the rescue.  So far futures are shrugging off horrible news.  I'm sure they will gun the market at open, trying to get the coke heads to follow suit.  It will probably work.

Tue, 10/18/2011 - 08:36 | 1784616 PaperBear
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PPI at 0.8% from 0% last month.

HOLY S**T !! That's 9.6% annual if this increase holds for the following 11 months.

Tue, 10/18/2011 - 08:42 | 1784626 Irish66
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Both To Largely Ignored In Headline Avalanche

Tue, 10/18/2011 - 09:41 | 1784795 HoofHearted
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Actually it is over 10% when you do the compounding. But there is NO inflation. That stament is a fiat from Ben Bernanke. These are not the inflation numbers you are looking for. (Thanks, Ben Kanobi, er Bernanke.)

Tue, 10/18/2011 - 14:45 | 1786161 Quadlet
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Love it.

Move along...  Move along...

Tue, 10/18/2011 - 08:47 | 1784625 Manthong
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Just another day in the nieghborhood.


Tue, 10/18/2011 - 08:43 | 1784630 MFL8240
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PPI .8% and Gold and silver down??  Amazing!

Tue, 10/18/2011 - 08:43 | 1784633 firstdivision
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Gonna be hard to make the case for QE3 when there's inflation in the system.  Must. Stomp. Inflation. For. Banks.

Tue, 10/18/2011 - 08:43 | 1784634 Jim in MN
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A couple more items to be ignored:

High radioactivity measured at Tokyo school

A radioactivity level higher than that of areas near the crippled Fukushima nuclear power plant has been detected at a Tokyo elementary school.

A level of 3-point-99 microsieverts per hour was observed 5 centimeters above ground just beneath a rainwater pipe on Monday at the school in Tokyo's Adachi Ward. Radiation levels in Fukushima City about 60 kilometers from the plant were around 1 microsievert per hour on Monday. The ward is about 210 kilometers from the plant.

Ward authorities plan to remove soil and trees from the school area and measure radiation in ditches at about 800 locations including schools, parks and other public facilities.

The school's principal says he was stunned to hear about the radiation and cancelled physical education classes and other activities in the schoolyard for the day.

Tuesday, October 18, 2011 17:11 +0900 (JST)

Also, the quarter-million person Fukushima City has begun a massive 110,000 home decontamination project after 'finding' evacuation-level radiation six months after the disaster.  But of course it's unthinkable to they will hose everything down and call it good.


Tue, 10/18/2011 - 09:27 | 1784765 JohnG
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Can't have Prypiat East ghost town..........just glow in the dark babies.  Dumb fucks.

Tue, 10/18/2011 - 09:39 | 1784790 mcguire
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anyone see this?   gold now traded in yuan in hk...

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