A muted opening, but indices determined to remain in the green. The day is young and so are we.
MAY FINAL UNIVERSITY OF MICHIGAN CONFIDENCE: 59.8 V 59.5 prior (ooh, big leap there, huh?)
- 1 yr median inflation expectations at 5.2% v Final April 4.8% (inflation expectations are NOT ‘anchored’)
MAY CHICAGO PURCHASING MANAGER’S INDEX: 49.1 V 48.5E
**sub-indices:
- Prices Paid: 87.5 v 82.9 last
- New Orders: 56.1 v 53.0 last
- Employment: 41.2 v 35.3 last
- Inventories: 42.2 v 51.9 last
- Supplier Deliveries: 51.0 v 52.5 last
- Production: 51.5 v 53.0 last
- Order Backlogs: 46.8 v 39.5 last
FED SETS THREE-DAY REPOS, ACCEPTS $7.75B
2 Comments
May 30th, 2008 at 10:21 am
oh, Gosh… wtf they are talking about? stagflation, wtf is that suppose to mean???all right, all right… lets look at wiki… oh f*ck… this article is so long! we are all doomed!
May 30th, 2008 at 10:34 am
Calm yourself, dear Opitz, we will live to fight another day.
(by the way- I know you were only kidding)