Posts Tagged ‘Schaeuble’

Notes From Underground: SCHAUBLE Says Spain On The Road To Salvation (IS 25% UNEMPLOYME‚ÄčNT REPENTANCE‚Äč?)

July 9, 2012

First, the U.S. unemployment report was soft although if the ADP stats had not caused the WALL STREET ECONOMISTS to revise their guesstimates upward, the NFP would not have been such a miss from the early consensus. The average hourly earnings were above projections and while MANUFACTURING JOBS were up only 11,000, it was not a negative number. Although it wasn’t a robust number, it certainly wasn’t a huge miss from projections.

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Notes From Underground: Let’s Make A Deal … But Will It Be The Full Monty?

July 31, 2011

DON’T SPEAK TOO SOON
FOR THE WHEEL’S STILL IN SPIN
AND THERE’S NO TELLIN’ WHO
THAT ITS NAMIN’
FOR THE LOSER NOW
WILL BE LATER TO WIN
FOR THE TIMES THEY,
THEY ARE A-CHANGIN’

The markets have greeted Sunday’s purported U.S. budget deal with a great sigh of relief as the S&P futures have opened 1.5% higher. At this moment it is difficult to determine what exactly has been agreed. It seems that Boehner was able to placate the “TEA PARTY” caucus for the moment–enough to get some compromise.

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When It Comes to ECB PRESIDENT TRICHET, THE MARKETS NEED TO USE ‘EXTREME VIGILANCE’

July 6, 2011

Tomorrow the Bank of England and the European Central Bank announce their interest rate decisions. It is a foregone conclusion that the BOE will hold the overnight lending rate at 0.50% as the U.K. economy is fragile and struggling to gain some upward momentum in the face of budget austerity. The BOE will also hold its QE program at 200 billion pounds and not look to increase the liquidity add as the POUND is relatively weak against most of the world’s currencies. Mervyn King is not worried about the inflationary impact of high food and energy costs, for he is more concerned about higher prices being a severe headwind for the average wage earner, which places him in the Bernanke camp.

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