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IDS World Markets Thurs 17th February 05

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How's the weather? Is record rainfall falling indoors at mortgage banks and employers while the sun shines outside? Find out with the release of the initial jobless claims, part of the 8:30 (NY) "numbers."

 

USD Export Price Index (MoM) (JAN) 13:30 8:30 0.2% 0.2%

USD Import Price Index (MoM) (JAN) 13:30 8:30 0.6% -1.3%

USD Import Price Index (YoY) (JAN) 13:30 8:30 6.9%

USD Initial Jobless Claims (FEB 12) 13:30 8:30 315K 303K

USD Continuing Claims (FEB 5) 13:30 8:30 2734K 2737K

 

Will it be raining today inside the chambers of congress? If so, will Al's hot air evaporate the rain before it hits anybody and hits the floor? Find out, with today's "words." I'm sure there will be a lot of them.

 

USD Greenspan Testimony to House on Monetary Policy 15:00 10:00

 

More "numbers."

 

USD Leading Indicators (JAN) 15:00 10:00 -0.2% 0.2%

USD Philadelphia Fed Survey (FEB) 17:00 12:00 17.5 13.2

?

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Guest

The groundhog didn't see its shadow!!! Jobless claims, both initial and ongoing, beat by a penny!!!

 

Beautiful weather lately, wouldn't you say!

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From Chuck Bultler's Daily Pfennig email this morning.

 

Then Big Al started stumbling, bumbling along with some hawkish

statements regarding the economy, which led the rose colored glass wearers to

read into his statement that the "measured pace" of rates hike is going

to turn to an aggressive pace. The euro then headed to 1.2960, but put

the brakes on there, and turned around again, when it was rumored that

Central Banks began buying the single unit... Hmmm

 

I talked about this last week when it was rumored that Central Banks

had begun buying the euro VS the dollar... Now once again the smoke has

appeared... So now I truly believe it's true... The Central Banks of the

world are fully aware of the imbalances going on, and are not going to

sit idly by and watch the dollar get stronger making the mess even

worse! So... Now, we've got individual investors and Central Banks buying

the single unit...

 

I will say that we all got a big laugh out of the story from Big Al's

testimony that described our Fed Chairman as saying the outright fall in

long rates despite the Fed's tightening action was a "conundrum" to

him... Very odd, eh? OK, I'm not even your second to last choice as a Fed

Chairman, but I know what's keeping long term interest rates low, and

so does he! We keep issuing debt, and the Asian Central Banks keep

buying it, and as long as there are buyers at the market rate, those long

term interest rates aren't going anywhere! But the funny thought here is

that Big Al is sitting around with the other Fed heads working on

conundrums!

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Just my own impression of things here....Jan was fine until the last week but Feb seems really quiet and dismal.Not attributable to bad weather either...we don't get no winters anymo!

 

Yes I suspect that will turn out to be the case in quite a few countries, Brown One. There's the post Chrissy sales then not a lot of inspiration to buy anything else until the next seasonal change and by then there could be assorted negative factors influencing retail sales...

 

Are gift cards popular in your country's? So far in the US the great gift card excuse has failed to materialize.

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Master, your wish is our command. An attempt to resolve Al's connundrum. Perhaps, like mathematics, this will go down in history as a new economic puzzle. Fermat's last theorem stood unproven for 300 years and now we have Al's connundrum.

 

w?s=^tnx

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Master, your wish is our command. An attempt to resolve Al's connundrum. Perhaps, like mathematics, this will go down in history as a new economic puzzle. Fermat's last theorem stood unproven for 300 years and now we have Al's connundrum.

 

w?s=^tnx

 

What we have determined here is that only certain observers can alter the outcome of an event... somewhere Heisenberg smacks himself on his forehead...

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Guest bullseatshitndie

here's the reit sell signal

 

Goldman Sachs recommends overweight in office REITs (GS, TRZ, LRY, BXP, VNO, BPO, CBG) by John Spence

BOSTON (MarketWatch) -- Goldman Sachs (GS) advised clients invested in real estate investment trusts to overweight exposure to the office sector in a research note Thursday morning. Goldman upgraded to "outperform/cautious" the shares of lagging office REITs Trizec Properties (TRZ), Liberty Property trust (LRY) and Boston Properties (BXP); and downgraded to "in-line" from "outperform" shares of Vornado Realty Trust (VNO), Brookfield Properties (BPO) and real estate broker CB Richard Ellis (CBG). With office REITs trading at an 11 percent discount to the group compared with a historical discount of 3 percent, Goldman said it sees "better relative value in the shares of companies with a broader exposure to national office markets, where conditions are more challenging and there is more stock upside."

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