Newsclips
Parcing The FOMC Statement
April 28, 2011
Side by Side
Side by Side
Comment On Tuesday we highlighted how earnings, and not revenues, are being gamed by companies, making it hard to interpret these statistics. Yesterday we highlighted how long-term earnings forecasts (12-month forward) are actually getting worse. Today we complete our look at corporate quarterly reports by looking at company guidance. The chart below shows the daily… Continue reading Company Guidance, What Does It Say About The Economy?
The Wall Street Journal – Emil W. Henry Jr.: The Debt Ceiling: Myths and Facts Default won’t happen, since we’re collecting plenty in taxes to pay our interest obligations Since 1962, the U.S. has reached its debt ceiling 74 times, about once every eight months. Every time, the ceiling has been raised with little notice… Continue reading The Debt Ceiling
Reuters – Oil gets “evil speculator” buy signal Authorities playing the “evil speculators” card is an excellent indication that they have both lost control of the narrative and have little they can do to alter the policies and fundamentals that brought on the pesky high, or sometimes low, prices in the first place. The right… Continue reading The Evil Oil Speculator
The Financial Times – US traders use river transport to profit from oil glut Barges laden with crude are set to make their way to the oil-rich Gulf of Mexico in the latest sign of how price anomalies have reconfigured energy markets. Petro Source Terminals, a storage tank operator, plans to start filling vessels with… Continue reading Arbitraging The Brent/Cushing Spread
<Click on chart for larger image> The Wall Street Journal – Saudi Oil Production Doesn’t Add Up Recent oil production figures from Saudi Arabia, the world’s largest oil exporter, simply don’t add up. There are competing explanations for this inconsistency. Some analysts claim that the increase in oil production Saudi officials promised in late February… Continue reading Are The Saudis Lying?
<Click on chart for larger image> Real Time Economics (WSJ Blog) – U.S. Home Ownership Falls Back to 1998 Levels The nation’s homeowner vacancy rate fell in the first quarter but remains well above its long term average before the housing boom and bust, according to this Census Bureau release today. The homeowner vacancy rate… Continue reading Home Ownership
The Wall Street Journal – Raising Product Prices Is a Margin Call When consumer-products giants Procter & Gamble Co., Unilever PLC and Colgate-Palmolive Co. report earnings today they are expected to discuss plans to raise prices. Battered by rising costs for raw materials such as pulp, resin and fuel, and already running lean operations, these… Continue reading Margins Are Being Squeezed
Charts of the Week Topics Covered This Week Include: Early Returns On Earnings Are Not That Exciting LT Earnings Projections Are Getting Worse! LT Earnings Projections Are Getting Worse! – 2 Is Retail Driving Up The Price Of Gold And Silver? Is Retail Driving Up The Price Of Gold And Silver? -2 Retail Gas Prices… Continue reading Untitled
Real Time Economics ( WSJ Blog) – Jon Hilsenrath: What to Watch in Fed Statement: ‘Inflation Expectations’ Will the policy makers be as comfortable this week about long-run inflation expectations as they were then? Trading in inflation-protected Treasury bonds suggests investors are expecting a little more inflation in the long-run than they were. This chart,… Continue reading Inflation Expectations, Update Your Chart!
Comment As we mentioned yesterday: Perhaps most interesting in the details about tomorrow’s FOMC meeting are the changes to the timeline of events. Instead of the FOMC statement being released at its usual time of 1:15 CT, it will be released at 11:30 CT. This could give the markets 90 minutes to react to any… Continue reading Bernanke’s Presser Is Today!