Today’s Economic Data Highlights

Today’s Economic Data Highlights | zero hedge #page { width: 95%; } body.sidebar-left #main { margin-left: -180px; } body.sidebars #main { margin-left: -180px; } body.sidebar-left #squeeze { margin-left: 180px; } body.sidebars #squeeze { margin-left: 180px; } #sidebar-left { width: 180px; } body.sidebar-right #main { margin-right: -315px; } body.sidebars #main { margin-right: -315px; } body.sidebar-right #squeeze { margin-right: 315px; } body.sidebars #squeeze { margin-right: 315px; } #sidebar-right { width: 315px; } body { font-family : “Lucida Grande”, Verdana, sans-serif; } @import “/themes/newsflash/css/ie.css”;
homeDARPAcontributorsnewsforumszh-tshirtstoredonaterssmanifesto The Robo-Signing Mess Is Just the Tip of the Iceberg, Mortgage Putbacks Will Be the Harbinger of the Collapse of Big Banks that Will Dwarf 2008! Posted by: Reggie Middleton Post date: 10/12/2010 – 06:02 The media is staring at the wrong target. Each major media outlet is copying what is popular or what the next outlet broke as a story versus where the true economic risks actually lie. Here’s what’s truly at stake – the United States is now at risk of losing its hegemony as the financial capital of the world! “At the Root of the Crisis We Find the Largest Financial Swindle in World History”, Where “Counterfeit” Mortgages Were “Laundered” by the Banks Posted by: George Washington Post date: 10/12/2010 – 03:13 The big banks are saying that these are simply “procedural defects” which don’t affect their ability to foreclose. Are they right? Institutional Fascism! (What Really Troubles Me Most About the Fraudclosure Crisis) Posted by: williambanzai7 Post date: 10/12/2010 – 00:53 “And in the last analysis, success is what matters–Adolf Hitler”…I know I will be accused of engaging in dangerous hyperbole by making this comparison. Allow me to differ… Navigation PollsDonate To Zero HedgeRecent posts Shopping cart View your shopping cart. User login Username: * Password: * Create new accountRequest new password Zero Hedge Reads Angry BearBearish NewsBoom Bust BlogChina Financial MarketsChris Martenson’s BlogContrary InvestorCoyote BlogCredit WritedownsDaily CapitalistDaneric’s Elliott WavesDealBookDealbreakerDr. Housing BubbleFalkenblogFibozachiFund My Mutal FundGains Pains & CapitalGlobal Economic AnalysisGonzalo LiraImplode-ExplodeInfectious GreedInvesting ContrarianJesse’s Café Américain Market FollyMax KeiserMinyanvilleMises InstituteNaked CapitalismOf Two MindsPension PulseShanky’s TechBlogThe Daily CruxThe Mad Hedge Fund TraderThe Market TickerThe Technical TakeThe Underground InvestorWall St. Cheat SheetWashington’s BlogWealth.netWhen Genius Prevailed Home Today’s Economic Data Highlights Tyler Durden's picture Submitted by Tyler Durden on 10/12/2010 06:54 -0500

ABC Consumer ComfortFederal ReserveFederal Reserve BankGoldman SachsMonetary PolicyNFIBQuantitative EasingUnemploymentWilliam Dudley

Small business sentiment and more from the Fed….
7:30: NFIB small business optimism index for Sep…back up?  This index rose modestly in August and economists expect it to edge up further in September. But unless the index surprises substantially to the high side, it will remain depressed relative to other indicators of business activity.  Companies have been saying that their number one problem is weakness in sales.

Median forecast (of 4): 89.6, ranging from 87.5 to 90; last 88.8. Update: Print misses expectations at 89.0
11:45: Kansas City Federal Reserve President Thomas Hoenig speaks at the NABE conference in Denver….The topic is “The Economic Outlook and Monetary Policy: Challenges Ahead.”  Mr. Hoenig has dissented throughout the year and will undoubtedly offer a different view from the one expressed by Messrs. Dudley and Evans a couple weeks ago.
14:00: Minutes to the Sep 21 FOMC meeting…how much more concerned did they become?  The statement following the meeting was remarkable for statements to the effect that inflation is too low relative to the FOMC’s mandate and that the committee was prepared to act to push both the unemployment rate and the inflation rate back towards levels that they deem consistent with their legal mandates.  This encouraged market participants to build in more expectations of another round of quantitative easing, expectations that got a further boost when William Dudley, president of the New York Federal Reserve Bank, spoke on October 1.  Against this backdrop, we will be looking to the minutes to answer three questions.  First, what was the logic behind highlighting the low level of inflation?  In particular, did committee members see it as a backdoor way to strengthen the rate commitment language?  Second, how wide was the range of opinions on the wisdom of proceeding with QE2 and on what conditions did they think more asset purchases should be made—a further worsening in the outlook or was merely more of the same enough?  Third, how significantly did the forecasts change?  Near-term growth and inflation forecasts were almost surely marked down, but what about longer-term views?
17:00: ABC consumer comfort index…It remains mired in deep territory, down 2 points in the most recent week, to -47.
From Goldman Sachs

0 Your rating: None
» Share/Save Login or register to post commentsPrinter-friendly versionSend to friend

by Bob
on Tue, 10/12/2010 – 06:57

Isn’t it today that the state AG’s wil formally announce the details of their action to pursue notaries?

Login or register to post comments by cossack55
on Tue, 10/12/2010 – 07:19

Yes.  Wake me when the shooting starts. ZZZzzzzz.

Login or register to post comments by UnRealized Reality
on Tue, 10/12/2010 – 07:08

Another record bonus year for WS. Some things never change. They win.…

Login or register to post comments by Gubbmint Cheese
on Tue, 10/12/2010 – 07:09

Here comes the push in the premarket to open green… Cuz the markets NEVER go down.. It’s against the rules. QE fo’evah!

Login or register to post comments by papaswamp
on Tue, 10/12/2010 – 07:11

NFIB basically flat with very bad news for employment prospects. the most telling sentence in the whole report:

“More importantly, the prospects that investment spending and/or hiring will somehow increase profits are low. “

Login or register to post comments Comment viewing options Flat list – collapsedFlat list – expandedThreaded list – collapsedThreaded list – expanded Date – newest firstDate – oldest first 10 comments per page30 comments per page50 comments per page70 comments per page90 comments per page150 comments per page200 comments per page250 comments per page300 comments per pageSelect your preferred way to display the comments and click “Save settings” to activate your changes. Search Search this site: Latest News From RAN Squawk 10-12 07:38: Moody’s changes outlook on 14 Ukrainian banks to stable from negative 10-12 07:34: TNK-BP (BP/ LN) COO Schrader says Alergia has approved talks on asset there, and also there is no deadline on asset talks 10-12 07:29: Pfizer (PFE) to acquire King Pharmaceuticals for USD 3.6bln, or USD 14.25 per share 10-12 07:28: French workers at Petroplus (PPHN VX) Petit Couronne refinery vote to extend strike for further 24 hours to 1100GMT Wednesday according to CGT Union 10-12 07:25: Technical resistance level in GBP/USD seen at 1.5860, trades 1.5845 last 10-12 07:17: Baltic Dry index rises 0.9% to 2719 points 10-12 07:16: Visa (V) announces funding of litigation escrow account and completes its Oct. 2009 share repurchase plan 10-12 07:10: King Pharmaceuticals (KG) shares up 41% to be acquired by Pfizer (PFE) for USD 14.25/share The Zero Hedge Team

Tyler Durden – Founder

Marla Singer – Foil

Travis – Author

Cornelius – Author

Sacrilege – Senior Researcher


tips [ at ] zerohedge [ dot ] com – Our Reader Tips Mailbox

Make sure to read our “How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]” Guide

ads [ at ] zerohedge [ dot ] com – Advertising Inquiries.

abuse [ at ] zerohedge [ dot ] com – Abuse / Infringement Issues


It would be very wise of you to study our disclaimer, our privacy policy and our (non)policy on conflicts / full disclosure.


Zero Hedge Offices:

United States: (888.784.9376)

+41 43 501 6717

+44 20 3318 4753

copyright ©2009, 2010 zero hedge – limited reproduction (with attribution) permitted by request

zero hedge’s redundancy powered by:

Drupal e-commerce provided by Ubercart.

View the Original article


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s