Morning Brief Friday August 24, 2012

Good Morning. We have one whopping data point today in durable goods. No scheduled Fed speeches, no Treasury auctions, nothing else. So a rather quiet day is possibly on tap. Durable goods though is a rather important economic gauge which may fuel QE hopes if the data is bad. Each time I write something like that I am still amazed at how screwed up the capital markets have become.

Bad is good and really bad is really good. Durable can be a very volatile number so perhaps the normal volatility will look favorable upon the hopeful and the data will be really bad. Just imagine some future point in time when people study the capital markets during this period. They’ll think we were all insane.

As for those capital markets, the Titanic is slowly trying to turn. And it is a Titanic with a lot of momentum, whose course is not easily changed. Though the winds are starting to turn.

The Aussie dollar ended up closing below

You need to be logged in to see this part of the content. Please Login to access.

Share
If you enjoyed this article, please consider sharing it!
Icon Icon Icon

Related Posts

Popular Posts

Sorry but you do not have access to view the comments

Archived Posts By Date

Archived Posts By Subject

Disclaimer

Content
Opinions are those of the author(s),
and may contain errors and or omissions.
Warranties
No warranties, either written or,
expressed are implied by this content.
Investment Advice
Content does not constitute investment
advice. Author may not disclose
financial positions in securities.

Get In Touch

Company
Macro Story

Contact
Tony Pallotta

Email
Contact via email

Technical Support

This website is designed to support
all browsers. If you have a question
or find an error, please contact us.