30 June-4 July Economic Calendar: Bad is Good, Rally Round the Flag (Still cloth, not paper).
Expect a runup to 4 July, but good news is bad news, vice versa, and the economy, is trash city per GDP figures previous week. Yellen thinks food and fuel inflation are "noise". She's right, the noise outside her window is everyone asking for her head. Still, siphoning joe's money from corporations charging too much for Chinese produced goods and giving it to banks doesn't help joe, he just gets a new slave owner, which is the real charter of the Fed per Jefferson. Thomas, not incumbent George Jefferson, whose idea of movin on up is a management job at White Castle. Half of America can't pay taxes, 21% of America is underwater in bloated mortgages-- Yellen has to induce 20% inflation next few years to reflate real estate values to give us the illusion we're getting well--same way the govt "pays" off the debt with degraded dollars. In debt we trust, see how that works? It all has a silver lining tho.
Jun 30 9:45 AM Chicago PMI Jun - NA NA 65.5 -
Jun 30 10:00 AM Pending Home Sales May - NA NA 0.4% -
Jul 1 10:00 AM Construction Spending May - NA NA 0.2% -
Jul 1 10:00 AM ISM Index Jun - NA NA 55.4 -
Jul 1 2:00 PM Auto Sales Jun - NA NA 5.7M -
Jul 1 2:00 PM Truck Sales Jun - NA NA 7.7M -
Jul 2 7:00 AM MBA Mortgage Index 06/28 - NA NA -1.0% -
Jul 2 7:30 AM Challenger Job Cuts Jun - NA NA 45.5% -
Jul 2 8:15 AM ADP Employment Change Jun - NA NA 179K -
Jul 2 10:00 AM Factory Orders May - NA NA 0.7% -
Jul 2 10:30 AM Crude Inventories 06/28 - NA NA 1.742M -
Jul 3 8:30 AM Nonfarm Payrolls Jun - NA NA 217K -
Jul 3 8:30 AM Nonfarm Private Payrolls Jun - NA NA 216K -
Jul 3 8:30 AM Unemployment Rate Jun - NA NA 6.3% -
Jul 3 8:30 AM Hourly Earnings Jun - NA NA 0.2% -
Jul 3 8:30 AM Average Workweek Jun - NA NA 34.5 -
Jul 3 8:30 AM Initial Claims 06/28 - NA NA NA -
Jul 3 8:30 AM Continuing Claims 06/21 - NA NA NA -
Jul 3 8:30 AM Trade Balance May - NA NA -$47.2B -
Jul 3 10:00 AM ISM Services Jun - NA NA 56.3 -
Jul 3 10:30 AM Natural Gas Inventories 06/28 - N
Yo Sharpster--the other name for Workers is Customers--don't pay them enough to buy what little there's left they produce? Best hope exports carry the country and the rest of the world buys what little we do make--which up to now, is big ticket items in Defense and things like airplanes. But don't tell that to Boeing--they're getting to open up a plant in China--all they have to do is surrender all their century long how-to-manufacture data to the Red Chinese.
See how that is working? No? Me neither. Now it's back to the job. You want biggee fries with that burger?