May 2006 Monthly Archive
Let's review last week's release of US economic data and the market's reaction after one hour of each release. Durable Goods Orders Last wednesday, we had durable goods orders. This report measures the monthly increase in new purchase orders placed...… More…
Posted 00:23 28 May 2006 by Forex Gump
The National Oceanic and Atmospheric Administration (NOAA) says it expects a busy hurricane season in the United States this year. NOAA is predicting an above normal hurricane season, with 13 to 16 named storms, of which eight to 10 are...… More…
Posted 19:22 22 May 2006 by Forex Gump
Here are the latest predictions of what the Fed using the latest crystal ball reading technology from Carlson-Craig-Merck. These charts are from macroblog. After the FOMC meeting last Wednesday and the retail sales and trade deficit numbers last Thursday, the...… More…
Posted 19:21 16 May 2006 by Forex Gump
Here's a great dissection by Wall Street Journal of the press release from the FOMC meeting today. (Click on the image to enlarge)...… More…
Posted 20:21 10 May 2006 by Forex Gump
This chart shows the seasonal changes in price for gasoline. For the next five out of six months including this month, it looks like price will continue to rise. Bummer. According to an AP-Ipsos poll, Americans are driving less, trimming...… More…
Posted 20:19 07 May 2006 by Forex Gump
Some folks call oil black gold. I call it black crack. TWO-THIRDS of the US economy is comprised of consumer spending. But what if two-thirds of consumer spending was spent on filling up their gas tanks to drive to and...… More…
Posted 19:18 01 May 2006 by Forex Gump