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Notes to myself, possibly of interest to others.
-- Bill Northlich

Tuesday, August 2, 2011

Rosenberg Daily Soundbites

  • Rejoice! The U.S. government can now keep borrowing right through the 2012 election; most government bond yields are lower as risk-aversion trades dominate; the U.S. dollar is up a smidge; gold is firm
  • If the GDP data and ISM aren’t bad enough, we also saw the last reading for the University of Michigan sentiment index dip to 63.7 in July
  • Very weak, in fact, possibly recessionary ISM
  • AA is the new AAA?

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