This page has been archived and commenting is disabled.
Today's Events: Bernanke Testimony, Initial Claims And Productivity
Punxsutawney Ben, who just saw the printer's shadow, and predicts six more trillion of free money, will address the House Budget Committee later this morning. We will also get the latest BS from the BLS how thousands of mass layoffs every day result in a drop in initial claims.
8:30: Jobless claims (Week of January 28): Declining again? Initial jobless claims rebounded last week following a decline of nearly 50k in the second week of January. Goldman thinks year-end seasonal noise has probably faded from the data by this point, and would expect claims to resume their gradual decline.
Consensus: 371,000; Last: 377,000.
8:30: Productivity and costs (Q4-Prelim): Higher GDP, but also higher hours. GDP growth picked up in Q4 compared to Q3, but labor hours worked actually increased by a larger amount. This suggests a deceleration in productivity (output per hour) growth for the quarter. Compensation data point to a small positive gain in unit labor costs, following a contraction in Q3.
Productivity: GS: +1.0%; Consensus: +0.8%; Last (Q3-fin) +2.3%.
Unit labor costs: Consensus: +0.8%; Last (Q3-fin) -2.5%.
9:00: Chicago Fed President Charles Evans gives briefing to reporters.
10:00: Federal Reserve Chairman Ben Bernanke testifies before the House Budget Committee on the state of the US economy. This event is not the Chairman’s semi-annual Monetary Policy Report to Congress (“Humphrey-Hawkins”), which should occur later this month.
19:15: Dallas Fed President Richard Fisher on the economy.
Source: Goldman Sachs
»
- 3513 reads
- Printer-friendly version
- Send to friend
- advertisements -
Morning all... Where are ya? Kinda quiet
Seems like more people are just disgusted and out of the market.
Very true statement
They are..volumes on the stock exchanges are half.......just a few HFT´s now.....everyone else has left the casino...
Why does it seem like I've seen this movie before?
Why does it seem like I've seen this movie before?
Then put your little hand in mine. There ain't no hill or mountain we can't climb....babe...
Finally figured out that whole groundhog thing. If Phil sees his shadow, then we get six more weeks of bullshit. If Phil doesn't see his shadow, then we still get six more weeks of bullshit.
I miss market price discovery. Trading is nice. But completely burnt out on it all. All central bank games, rumors, bullshit.
Federal Reserve Chairman Ben Bernanke testifies before the House Budget Committee
Ben: Well, you take your hand, curl the thumb to the index finger and make an up and down motion...like this...
Let's see, What will Berspankme lie about today? Inflation under control? Signs of sustained recovery? ZIRP is working? Or maybe just a simple denial that the jizz running down his cheeks is not Obama's
Why would anyone listen to this man, he is a liar.
Pre Christmas Note to Ben....
Seasons greetings BenBe, just thought I'd drop you a line to call in a favour or two.....got a darned election coming up in 2012 and what with all the dismal news building up in the pipeline and for the foresable future, was wondering if you wouldnt mind frontloading all the $ devaluation news you can muster early in the new year, get it outta the way early! Oh and btw, could you jiggle the way you calculate some of the economic data and forecasting a bit (put lipstick on a pig if you will lol)...good luck, Lots of love POTUS xx
That's a great work. This will help a lot of administrators to protect their website by removing such links. Thanks for this interesting post.
womens winter jackets
girls winter jackets
boys winter jackets
toddler winter coats
warmest winter coat
winter coat sale