11-15 Feb Calendar: Putin on Gold, Paper Folds, Sequestration Mold, Claims Hold
Lead Bloomblerb article shows a smiling Putin holding bars of gold bought with oil proceeds, as the world is reminded the Russians and Chinese are huge buyers. Bet you didn't know your love of PM made you a strange bedfellow with classic enemies of state, didja? That's because nobody couches it that way. Meanwhile the US dollar has appreciated against other trash currencies by 20% as the rest of the world trashes their paper faster than US.
Sequestration, another coward's way out to curb government spending, is looking better and better to a Congress will to rush to no judgment in their charter, from warmaking to money valuation to an annual budget, 100 years of irresponsibility. Meanwhile a line from that great movie the Blob 1958 say "I just wasted 80 cents on this movie" shows you the 6% annual degradation of the dollar goes all the way back to 1958 and then some, also shows you the value of incidental history, what you learn by the way from things like old movies.
Claims should be flattish and around 200K retroactively adjusted three months from now, the governments newest employment scam, just fake the numbers and hope everyone catches up.
See how that works?
Date Time (ET) Statistic For Actual Briefing Forecast Market Expects Prior Revised From
Feb 12 2:00 PM Treasury Budget Jan - -$2.0B -$2.0B -$27.4B -
Feb 13 7:00 AM MBA Mortgage Index 02/09 - NA NA 3.4% -
Feb 13 8:30 AM Retail Sales Jan - -0.4% 0.1% 0.5% -
Feb 13 8:30 AM Retail Sales ex-auto Jan - -0.3% 0.1% 0.3% -
Feb 13 8:30 AM Export Prices ex-ag. Jan - NA NA -0.2% -
Feb 13 8:30 AM Import Prices ex-oil Jan - NA NA -0.1% -
Feb 13 10:00 AM Business Inventories Dec - 0.1% 0.3% 0.3% -
Feb 13 10:30 AM Crude Inventories 02/09 - NA NA 2.623M -
Feb 14 8:30 AM Initial Claims 02/09 - 365K 365K 366K -
Feb 14 8:30 AM Continuing Claims 02/02 - 3200K 3200K 3224K -
Feb 14 10:30 AM Natural Gas Inventories 02/09 - NA NA NA -
Feb 15 8:30 AM Empire Manufacturing Feb - -2.0 0.0 -7.8 -
Feb 15 9:00 AM Net Long-Term TIC Flows Dec - NA NA $52.3B -
Feb 15 9:15 AM Industrial Production Jan - 0.4% 0.2% 0.3% -
Feb 15 9:15 AM Capacity Utilization Jan - 79.0% 78.9% 78.8% -
Feb 15 9:55 AM Mich Sentiment Feb - 73.0 73.5 73.8 -