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Today's Economic Docket: Just More Headlines

Tyler Durden's picture


There are no notable economic events today so just like Noda, we will be watching, watching, watching those headlines and pretending to intervene if the world does not go our way. If that fails, we will spread rumors and demand that the US assist us in weakening reality whose moves have become too one-sided.

08:30: The Chicago Fed National Activity index for July will probably remain consistent with a slowing trend in growth. This indicator does not get a lot of market attention, but analysts like it for its ability to signal changes in the economy. Bloomberg's forecasting survey has a median forecast of -0.48 with a range from -0.56 o -0.40.

11:00 : Today's POMO - The Open Market Desk will buy nominal Treasury coupons in the 11/15/2021 - 08/15/2041 maturity range.

11:30 : Treasury will auction a combined $56.0 billion of 3- and 6-month bills.


Sources: GS, SMRA, Zero Hedge


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Mon, 08/22/2011 - 07:43 | 1585339 HelluvaEngineer
HelluvaEngineer's picture

Gonna be hard to ram through QE3 if the market just melts up this week.

Mon, 08/22/2011 - 07:48 | 1585347 vast-dom
vast-dom's picture

there just has to be some shock and awe in the markets this week. dow to 9,600.

Mon, 08/22/2011 - 07:43 | 1585340 gianakt
gianakt's picture

Don't fight the Chinese and the Fed if they are both working at bring down the dollar gradually!!!

Mon, 08/22/2011 - 08:06 | 1585372 slaughterer
slaughterer's picture

QE will continue on a steady basis into the next term of the next President.   Conditions in the equity markets do not matter.     

Mon, 08/22/2011 - 08:07 | 1585374 Oh regional Indian
Oh regional Indian's picture

All mondays have shades of black in them from here on out. Quiet days, dull days but any one can explode into a deep, dark black.

Like today. Last week's tremendous tension suddenly seems dissipated? Maybe this is geo-political risk week, last week was bank liquidity crisis week.

Good to be merely observing at thsi point, not playing.

Vivek (ORI)

Mon, 08/22/2011 - 08:10 | 1585381 slaughterer
slaughterer's picture

This week is Jackson Hole week.   Bulls are waiting ready for their next bucketful of easing. 

Mon, 08/22/2011 - 08:08 | 1585379 slaughterer
slaughterer's picture

The dollar has to go down another 20% for the deficit, sovereign debt and bank problems to be brought back into control.  This puts Gold at $2500.  No need to worry.   This is a no-brainer. 

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