Friday is the big Bureau of Labor Statistics jobs report for October. Markets expect 88k-100k new jobs created in October and unemployment to hold at 9.1%. Through September, the economy added 1.074m jobs or 119k/mo, but there are still 6.6m fewer jobs than the beginning of the recession in December 2007. But don’t worry, someone’s [...]
Archive for October, 2011
OK it’s the final 2011 installment of The 31 Days Rocktober. It’s Halloween so the mood must be spooky, outer limits creative, and artistically mind blowing. That’s what rock is all about, and why Rocktober’s closing artist has ‘rock’ right in his name. Aesop Rock is actually a legendary underground rapper but as we learned [...]
Today’s links. Some halloween stuff in with the serious stuff. -Bonds Beat Stocks: 1981-2011 (TheBigPicture) -Great summary of underwater refi plan (FT Alphaville) -CHARTS on Case Shiller Home Price Numbers (Bespoke) -Intriguing Policy From Chicago Fed Pres (Bonddad) -11 Ways To Ghost-Proof Your House (InmanNews) -5 Most Profitable Horror Movies Ever Made (Minyanville)
Chicago PMI – Business Barometer Index for October 2011 was 58.4 indicating expansion Dallas Federal Reserve Manufacturing Survey (October) -The Dallas Fed Index was still positive but down from 5.9 to 4.1. BLS Employment Situation Report is this Friday. Consensus is still for a slow growth of about 90,000 jobs.
The 31 Days of Rocktober is almost over and it can’t end without Pantera. Tonight’s pick is Cowboys From Hell, the first song on the thrash metal kings’ 1990 first album of the same name. Truthfully it was their fifth album. The band was founded by brothers Vinnie Paul (drums) and ‘Dimebag’ Darrell (guitar) Abbott [...]
Rates were even to end last week after +/- .25% daily swings, and are still up .25% from all-time record lows set October 3-4. Another huge week ahead: Fed and ECB rate meetings, October jobs report, lots more earnings, and Europe’s debt crisis slogs on. Below I recap last week, then preview what’s coming. And [...]
Tonight’s Rocktober installment is dedicated to investment advisor and media golden boy Josh Brown, aka The Reformed Broker. I already did a music tribute to him last year but after meeting him again this month, the obvious song for him right now is AC/DC’s It’s A Long Way To The Top. I attended an investor [...]
Thursday, November 3 is the first European Central Bank (ECB) rate policy meeting with Italian Mario Draghi as president. He is succeeding Jean Claude Trichet. Draghi, 64, has been governor of the Bank of Italy since December 2005. He was vice chairman of Goldman Sachs International and part of the firmwide management committee 2002-2005. He [...]
-Next week’s snapshot below, click image for details. -Highlights: Manufacturing Mon/Tue, Fed decision Wed, BLS Jobs Report Fri -WeeklyBasis rate market recap/outlook coming shortly.
CONFORMING RATES ($200,000 to $417,000) 0 POINT: 30 Year: 4.125% (4.245% APR) FHA 30 Year: 3.875% (3.995% APR) 5/1 ARM: 3.0% (3.12% APR) SUPER-CONFORMING RATES ($417,001 to $625,500 cap by county) 0 POINT: 30 Year: 4.5% (4.62% APR) FHA 30 Year: 4.0% (4.12% APR) 5/1 ARM: 4.0% (4.12% APR) JUMBO RATES ($625,501 to $2,00,000) 1 [...]