I’m struggling to find a different way to say the same thing again… Ah, the hell with it. The 10-12 month cycle projection is...
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Radio Free Wall Street
Posts Tagged ‘ Contracts ’
Housing Outlook Clouding Up Again, And It’s Not Just Supply
Housing data over the past month has weakened. Part of that is normal seasonality, but the drop in contracts on existing homes in September was the worst in percentage terms since the housing collapse began. Although I believe that the supply problem is overblown, the last thing the market needs is further weakening in...
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Any serious futures traders out there?
World turned upside down you say?
I can't see why you wouldn't deal through me for any of your gold and silver upside contracts - I think I have a fairly decent chance of kicking the ass of COMEX or anyone in NY over margins and reliability over at le...
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Philadelphia-Area Manufacturing Contracts Most Since 2009
Philadelphia-Area Manufacturing Contracts Most Since 2009
August 18, 2011, 10:59 AM EDT
By Alex Kowalski
Aug. 18 (Bloomberg) -- Manufacturing in the Philadelphia region unexpectedly contracted in August by the most in more than two years as orders...
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Silver Preparing For Another Shock And Awe Move
Armstrong's turn date has arrived, by the way.
But markets might need another month or two to sort things out I've been thinking.
But perhaps not . . .
Silver Preparing For Another Shock And Awe Move
. . .
The only hitch in the setup at this poi...
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NYMEX: euro denominated contracts
Seems the USD is facing pressure on multiple fronts.
http://ftalphaville.ft.com/blog/2011/04/15/547496/hedge-commodities-in-euros-from-
monday/
Interestingly the CME will start to list on Monday Euro denominated contracts (swap futures) for Brent, ...
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Long View of Housing Measures Says Sell
Every 3 months the Census Bureau releases an interesting survey of US housing inventory and vacancy for both owner occupied and rental housing. I include a review of this data along with the shorter term and real time indicators on the owner occupied housing market in my proprietary housing updates. The last Census Bureau...
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Alarming Housing Data
There’s a lot of new real estate data to report on since my last update, all of it bad, not in terms of the quality of the data, some of which is lousy, but in terms of the direction that the numbers are headed. Mortgage applications show that current demand is still in the...
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Damn The Facts! Pending home sales plunge!
Damn The Facts! Pending home sales plunge 20.1% m/m, to 4.8% BELOW last December, the lowest since the bottom of the crash in Dec. 08. More coming up in the Wall Street Examiner Professional Edition Housing Report.
Here's how Bullberg reported it....
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US to sell $60B worth of weapons to Saudi
The proposed sale “represents a powerful symbol of the robust strategic relationship between the United States and Saudi Arabia,”
http://www.bloomberg.com/news/2010-10-20/pentagon-notifies-u-s-congress-of-planned-
60-billion-arms-sale-to-saudis.h...
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The NAR’s Big Lie – Professional Edition
The NAR reported a gain in pending home sales in July versus June. This is completely false, and once again results from a bizarre, arcane seasonal adjustment that bears no semblance of reality. Contracts actually dropped 7.4% month to month.
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Fed Report Correction – Home Suckers’ Tax Credit Deadline
Your editor just discovered that he has been giving out bad information about the home suckers’ tax credit for the past several months. The credit expires as of April 30 for CONTRACTS signed by that date, not for settlements by that date as I had been reporting. That means that the propping effects will...
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More Little Lies and Big Spin- Gains or Blips?
The FIM (Financial Infomercial Media) has gifted us with more nonsense today in the form of Pending Homes Sales data from the NAR (Realtors) and the Purchasing Managers Manufacturing Index from the ISM (Purchasing Managers). Bloomberg was positively ecstatic about the housing data, proclaiming “The number of contracts to buy previously owned homes rose...
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Bad News Matters When Liquidity Contracts – Professional Edition
The Fed this week discontinued its regular Tuesday rollover of $20 billion of 28 day 1 day forward term repos. They took no action yesterday or today, allowing these repos to expire, thereby draining $20 billion from the system today. That drain is probably part of the reason why the market is as weak...
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Commodities Position Limits Coming
The public comment period on the commodities position limits proposal of Dodd-Frank is coming to an end. Comments must be submitted by March 28th. Position limits will be instituted in some form over commodities contracts and their "economically equi...
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