Yeah, yeah. Happiness will reign again once the Irish situation is put to bed. No worries though as now England is standing ready to provide taxpayer money to help out as they are heavily investing in Irish banks.
What is next after this fiasco is swept under the rug?
From WJS.com:
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World wide commodity prices have been on the rise. The charts below provide a good look at the year-to-date view of just how much of a rise has occurred. Some have seen moves 30, 40 or even 50%, year to date.
Commodities 20101116
Looking at the same information from another angle,...
Some of the more interesting and important items for November 17th :
500 Internal Server Error – 500 Internal Server Error
Microsoft’s Web-Calling Unit Lures Boeing, Aims for $1 Billion in Revenue – Bloomberg –
Target sees holidays boosting sales to 3-year high – That would be good, since the last...
Well, still no inflation…..
October Core CPI M/M +0.0% vs +0.1% consensus; prior 0.0%
October CPI M/M +0.2% vs +0.3% consensus; prior +0.1%
But housing starts are trending lower again:
October Housing Starts 519K vs 600K ; M/M change -11.7%
And finally, Mortgage apps dried up…
MBA Mortgage Applications -14.4% vs +5.8% Prior
(Click on...
September Net Long-term TIC Flows were $81.0 billion. The prior report showed an inflow of $128.7 billion.
Foreign interests are still buying, but we are also seeing a noticeable change to the amount of purchases. Several countries are actually redeeming more of late.
China has been adding positions, but at a much...
