Daily Archives: February 7, 2008 @ 9:32 pm (Thursday)

Re: 1st step for ECB

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(an interoffice email)

I’m thinking they had to do something about the euro.

the eurozone exporters can be very convincing

warren

On Feb 7, 2008 10:41 AM, Karim wrote:
>
>
>
> Is taking hikes off the table, so:
>
> 1) No mention of acting ‘pre-emptively’
>
> 2) No one voted to hike (or cut) at meeting
>
> 3) Trichet: “I never subscribed to theory of decoupling’
>
> 4) Downside risks to growth now ‘confirmed’
>
>
>
> All the usual references to preventing 2nd round effects not new, 1-4 above
> is.

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2008-02-07 US Economic Releases

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2008-02-07 Initial Jobless Claims

Initial Jobless Claims (Feb 2)

Survey 342K
Actual 356K
Prior 375K
Revised 378K

Moving down, but will need to fall more next week to signal employment is doing reasonably well.

2008-02-07 Continuing Claims

Continuing Claims (Jan 26)

Survey 2715K
Actual 2785K
Prior 2716K
Revised -2710K

Back up a bit, but not through the highs, and reflects lasts weeks higher claims.

2008-02-07 Total Pending Home Sales SA

Total Pending Home Sales SA (Dec)

Survey -1.0%
Actual -1.5%
Prior -2.6%
Revised -3.0%

Down some, but not through the lows. October/November may still have been the bottom of housing.

2008-02-07 ICSC Chain Store Sales YoY

ICSC Chain Store Sales YoY (Jan)

Survey 0.8%
Actual 0.5%
Prior 0.9%
Revised n/a

Been drifting lower for quite a while. Part of the expected softening of domestic demand since Q2 2006.

2008-02-07 Consumer Credit

Consumer Credit (Dec)

Survey $7.4B
Actual $4.5B
Prior $15.4B
Revised $17.1B

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