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.
Archive for October, 2011
Rocktober 31: Coffee | Aesop Rock
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 [...]
Originations: Home Price Charts, Most Profitable Horror Flicks
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)
Fundamentals 10/31: Chicago PMI
Chicago PMI – Business Barometer Index for October 2011 was 58.4 indicating expansion
Rocktober 30: Cowboys From Hell | Pantera
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 [...]
WeeklyBasis 10/29: Jobs, Fed, ECB Center Stage
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.
Rocktober 29: Long Way To The Top | AC/DC
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 [...]
Mario Draghi Bio: New European Central Bank President
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.
Economic Calendar: October 31 to November 4
-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.
Mortgage Rates: Week Ended October 28
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)
