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Posts Tagged ‘mortgage’

2011/11/14: Quick Post: Weekly Reports & Events Calendar Now Available

November 14, 2011 Leave a comment

© 2011 ROHR International, Inc. All International rights reserved.

The full calendar is available through the link in the right hand column. This is such a robust week once again, it is impossible to include anything but a fraction of the major influences in an overview. Yet, a few key aspects stand out among the other important reports and events.

In addition to the continued sharp influences from the attempts to address the European Sovereign Debt Crisis, there is also going to be quite an impact from important scheduled reports, communication from central banks and bankers, and government debt auctions.

The latter are very prominent this Thursday, as we see offerings from Europe as well as a US 10-year TIPS auction. Along with Tuesday it is the most intense event horizon this week. However, even though today is nominally a bit lighter than those heavy midweek influences, the nature of four key aspects today make it fairly critical. Consistent with continued concerns about the European situation, there is an Italian BTP auction that should be very interesting…

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2011/10/05: QuickPost: The Fed, Jobs, Housing and Europe

October 5, 2011 Leave a comment

Much remains the same as yesterday in terms of the negative influences. And in our view those emanating from the US will count for even more of the future weakness in the intermediate term than the obvious headline focus on Europe.

Which is a bit of a radical view in light of the increasing social unrest response to draconian austerity measures in Greece. There are also the problems at the banks that have been highlighted by the problems at Dexia, leading to an admission by the European powers-that-be that just possibly banks which hold a significant amount of underwater sovereign debt are indeed going to need recapitalization; which is to say further significant support from the state.

Even in light of that admission being welcomed by the markets in the form of yesterday’s US equities late session sharp recovery from new lows, so far this is just so much talk. That said, getting back to sharply higher on the day from much lower did establish important technical bottoms for US equities (more on that below.)

However, all that still leaves the question that we have asked many times before: does crisis mitigation necessarily amount to a restoration of global growth that will be truly positive for economies and equity markets? And commensurately burdensome for government bond markets and the US dollar?

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