I think that I speak for everyone here when I say that we are truly blessed to be in the company of each other on this blog, sharing ideas, anecdotes, and parts of ourselves.
" The Stoxx Europe 600 Index rose 0.1 percent at 11:41 a.m. in London. U.S. equity futures fell less than 0.1 percent. The Dollar Index declined 0.2 percent amid reduced demand for haven assets. Italian 10-year bond yields climbed 9 basis points to 7.07 percent. Copper futures retreated 0.8 percent."
...I have watched with interest what the ECB is doing in Europe, and yet, the PIIGS (and Hungary, and France,etc.) are still PIIGS. It seems to me 2012 will be about whether the Germans want to go all in about backstopping the insolvent parts of Europe and becoming a fiscal as well as a monetary union.
"Consumers who have held back so far will buy clothes, furniture or appliances if they need them, Marshal Cohen, chief industry analyst at NPD Group in Port Washington, New York, said yesterday in a telephone interview.
"The consumer is not feeling much better about the economy, but they're getting frugal fatigue," he said. "They are tired of not spending."
Merry Christmas, all.
ReplyDeleteI think that I speak for everyone here when I say that we are truly blessed to be in the company of each other on this blog, sharing ideas, anecdotes, and parts of ourselves.
Cheers,
Matt
Merry Christmas bloggers...
ReplyDeleteMerry Christmas to all my "virtual" friends who have actually become real friends.
ReplyDeleteNothing like a little Vermont Royster In Hoc Anno Domini over the Christmas Season....
ReplyDeletehttp://online.wsj.com/article/SB10001424052970204464404577112431986005786.html
Yes, Merry Christmas, One, and All..~
ReplyDeletehopefully, all y'all are found Hale 'n Hearty!
AAIP
Hope everyone and their families are having a wonderful holiday.
ReplyDeleteMerry Christmas Guys
ReplyDeleteOne big story of 2011 was the United States switched from being a net importer to a net exporter of petroleum products.
longer timeframe chart
This surprised me but after thinking about, it coincides with the downturn in housing and the upturn in unemployment.
Weekly 3LB Update 12/23/11
ReplyDeletehttp://poorrichards-blog.blogspot.com/2011/12/santa-claus-magic-mushroom-have-you.html
ReplyDeleteinteresting..
ibid.
http://www.reuters.com/article/2011/12/27/us-sears-sales-idUSTRE7BQ0AV20111227?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+(News+%2F+US+%2F+Business+News)
ReplyDeleteSears to close 100-120 Kmart, Sears Full-line stores
Let the post holiday blues begin.
Guess home prices haven't bottomed just yet.
ReplyDeleteS&P Case-Shiller
M/M -0.6% previous -0.6%
Y/Y -3.4% previous -3.6%
http://www.sfgate.com/cgi-bin/article.cgi?f=/g/a/2011/12/27/bloomberg_articlesLWV2TE6JIJUS.DTL
ReplyDelete"
The Stoxx Europe 600 Index rose 0.1 percent at 11:41 a.m. in London. U.S. equity futures fell less than 0.1 percent. The Dollar Index declined 0.2 percent amid reduced demand for haven assets. Italian 10-year bond yields climbed 9 basis points to 7.07 percent. Copper futures retreated 0.8 percent."
...I have watched with interest what the ECB is doing in Europe, and yet, the PIIGS (and Hungary, and France,etc.) are still PIIGS. It seems to me 2012 will be about whether the Germans want to go all in about backstopping the insolvent parts of Europe and becoming a fiscal as well as a monetary union.
...I suspect the answer will be nein...
http://www.ft.com/intl/cms/s/0/68504e74-2fea-11e1-8ad0-00144feabdc0.html#axzz1hkIJxN4O
ReplyDeleteFrench unemployment at 12 year high...
Consumer confidence 64.5 previous 56.0 GTFOOH
ReplyDeleteRichmond Fed Mfg 3 previous 0
The bots must be ecstatic.
http://finance.yahoo.com/news/u-stores-ramp-bargains-sales-000013840.html?l=1
ReplyDeletequote:
"Consumers who have held back so far will buy clothes, furniture or appliances if they need them, Marshal Cohen, chief industry analyst at NPD Group in Port Washington, New York, said yesterday in a telephone interview.
"The consumer is not feeling much better about the economy, but they're getting frugal fatigue," he said. "They are tired of not spending."
WTF?!?
WTI back over $100. Holiday highs about to run into a brick wall.
ReplyDeleteEnjoying this whole week off. have sister/bro-in-law and mother in Houstonville.
ReplyDeleteNice to just take days off .... recharge batteries before heading into 2012.
Will be checking in and out.
~"...Enjoying this whole week off. have sister/bro-in-law and mother in Houstonville.
ReplyDeleteNice to just take days off .... recharge batteries before heading into 2012..."
has to be one of the best 'parts' of the "Holiday Season" ...
ibid.
Crude seems oddly disconnected from $gaso in the US.
ReplyDeleteReady to take a plunge, I think.
hasn't there been a lot of 'drum-beating' on the 'Iran Naval exercises in the Strait..' + 'U.S./Israel to strike Iran..' "Ideas"..
ReplyDeletere: heightened Crude prices..
ibid.
I hope the market provides more excitement. A day like today can drive one to drink. Burp.
ReplyDeleteCorner is up.
ReplyDelete