Sunday, May 31, 2009

Sunday Reading

Fall of the Mall

Commercial Real Estate — the Economy's Anvil
Troubled Bank Loans Hit a Record High
Unemployment Probably Topped 9% in May: U.S. Economy Preview
Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem Unemployment

Manipulation: How Markets Really Work
Dissolving a town government

Here is what is up for the week ahead as well: (courtesy of http://www.tradethenews.com/)

Week of 6/1/2009 thru 6/5/2009

Monday, June 01, 2009

Economic
8:30am April Personal Income (last -0.3%), April Personal Spending (last -0.2%), April PCE Deflator y/y (last 0.6%), April PCE Core (last m/m 0.2%, y/y 1.8%)
10:00am May ISM Manufacturing (last 40.1), May ISM Prices Paid (last 32), April Construction Spending m/m (last 0.3%),

Tuesday, June 02, 2009

Economic
10:00am April Pending Home Sales m/m (last 3.2%), TAF results
4:30pm API Crude Oil/Gasoline/Distillate Inventories

Wednesday, June 03, 2009

Economic
7:30am May Challenger Job Cuts y/y (last 47%)
8:15am May ADP Employment Change (last -491K)
10:00am May ISM Non-Manufacturing (last 43.7), April Factory Orders (last -0.9%)
10:30am DoE Crude Oil/Gasoline/Distillate Inventories

Thursday, June 04, 2009

Economic
7:00am BoE rate decision
7:45am ECB rate decision
8:30am Final Q1 Nonfarm Productivity (last 0.8%), Q1 Unit Labor Costs (last 3.3%), Initial Jobless Claims (last 623K), Continuing Claims (last 6.788M)
9:00am BoC rate decision
10:30am Natural Gas Inventories
11:00am Treasury note announcement

Friday, June 05, 2009

Economic
8:30am May Nonfarm Payrolls (last -539K), Unemployment Rate (last 8.9%), Manufacturing Payrolls (last -149K), Average Hourly Earnings (last m/m 0.1%, y/y 3.2%)
3:00pm March Consumer Credit (last -$11.1B)