Today’s economic data continued the recent pattern of tepid activity. The EMPIRE MANUFACTURING INDEX was very soft but the analysts believe that the Japanese earthquake played havoc with global supply chains and thus impeded some manufacturing sectors. The CPI number was right on target and thus had no impact. The CAPACITY UTILIZATION and INDUSTRIAL PRODUCTION were on the soft side, which added more concern to the fragility of the U.S. economy. Markets are left with moderate growth while being plagued with the continual problems of the PIIGS.
Posts Tagged ‘Capacity Utilization’
Tags:Bernanke, biofuels, Capacity Utilization, Commodities, Congress, CPI, debt stress, default, deflation/inflation, DOHA, Dollar, ECB, Empire Manufacturing, ethanol, Fed, fiscal policy, France, Gold, IMF, industrial production, PIIGS, Sarkozy, too big to fail banks
Posted in Europe, Federal Reserve | 3 Comments »
The main story in the financial world is still about the indiscretions of Dominique Strauss-Kahn. Many are making a great deal out of the fact that a major player in the European debt scene is now missing from the table. Yes, because of French domestic political considerations DSK has thrown himself into the Greece et. al. debt resolution scheme of which he is deemed a significant actor. Though, it’s highly doubtful that he is the only person with enough clout to bring the financial weight of the IMF to bear. Europe’s leaders will not allow this situation to further deteriorate because of one person being removed from negotiations for there is far too much at risk.
Tags:Bernanke, bonds, Capacity Utilization, dollar strength, Dominique Strauss-Kahn, Equities, France, Gold, housing starts and permits, IMF, industrial production, metals, notes, portfolio balance channel, risk-off, SPS
Posted in Currency, Debt Market, Equity, France | Leave a Comment »