3-8 Dec Economic Calenduhh: Autos Mortgages and Claims Meets Fiscal Cliff
Cliff will continue to dominate unless the Congress in an unrestrained fit of double talk temp delays the Bush tax credits while they wrangle over the middle class' right to keep anything. One thing is certain, the poor won't have to do more, the rich won't have to be taxed, and the burden will fall on the middle class, which fights all the wars, pays all the taxes, does the meaningful work of the country, and on whose back the other two groups so mightily rely.
I keep wondering when the world wakes up to the fact that interest rates are being kept low through middle 2015 BY A GUY WHO IS LEAVING THAT JOB IN JAN 14. You see how that doesn't work? I have been waiting for the Yahoo moment when those pundits mention that fact, but they are so wound around the fiscal cliff that "minor" issue hasn't reared its head.
GL this week. Like every week, you'll need some, and by the way, before you jump onto all those special dividends, you might want to check how much those stocks went north post announcement. They go ex div right and usually plummet--and then, the next couple weeks it's fiscal cliff time.
See how that doesn't work?
Date Time (ET) Statistic For Actual Briefing Forecast Market Expects Prior Revised From
Dec 3 10:00AM ISM Index Nov - NA NA 51.7 -
Dec 3 10:00AM Construction Spending Oct - NA NA 0.6% -
Dec 3 2:00 PM Auto Sales Nov - NA NA 5.2M -
Dec 3 2:00 PM Truck Sales Nov - NA NA 6.0M -
Dec 5 7:00 AM MBA Mortgage Index 12/01 - NA NA -0.9% -
Dec 5 8:15 AM ADP Employment Change Nov - NA NA 158K -
Dec 5 8:30 AM Productivity-Rev. Q3 - NA NA 1.9% -
Dec 5 8:30 AM Unit Labor Costs -Rev Q3 - NA NA -0.1% -
Dec 5 10:00AM Factory Orders Oct - NA NA 4.8% -
Dec 5 10:00AM ISM Services Nov - NA NA 54.2 -
Dec 5 10:30AM Crude Inventories 12/01 - NA NA -0.347M -
Dec 6 7:30 AM Challenger Job Cuts Nov - NA NA 11.6% -
Dec 6 8:30 AM Initial Claims 12/1 - NA NA 393K -
Dec 6 8:30 AM Continuing Claims 11/24 - NA NA 3287K -
Dec 7 8:30 AM Nonfarm Payrolls Nov - NA NA 171K -
Dec 7 8:30 AM Nonfarm Private Payrolls Nov - NA NA 184K -
Dec 7 8:30 AM Unemployment Rate Nov - NA NA 7.9% -
Dec 7 8:30 AM Hourly Earnings Nov - NA NA 0.0% -
Dec 7 8:30 AM Average Workweek Nov - NA NA 34.4 -
Dec 7 9:55 AM Mich Sentiment Dec - NA NA 82.7 -
Dec 7 3:00 PM Consumer Credit Oct - NA NA $11.4B -