Legacy Thread

[basserdan]

Today's Economic Calendar
7:00 MBA Mortgage Applications
8:30 Consumer Price Index
8:30 Retail Sales
8:30 Empire State Mfg Survey
9:15 Industrial Production
10:00 Atlanta Fed's Business Inflation Expectations
10:00 Business Inventories
10:00 NAHB Housing Market Index
10:00 Yellen testifies before House Financial Services
10:30 EIA Petroleum Inventories
12:00 PM Fed's Rosengren speech
12:45 PM Fed's Harker: Economic Outlook
4:00 PM Treasury International Capital

Today's Markets
In Asia, Japan +1%. Hong Kong +1.2%. China +0.2%. India -0.7%.
In Europe, at midday, London +0.4%. Paris +0.5%. Frankfurt +0.2%.
Futures at 6:30, Dow +0.1%. S&P -0.1%. Nasdaq flat. Crude -0.5% to $52.93. Gold +0.2% to $1227.30.
Ten-year Treasury Yield +1 bps to 2.48%






A limerick on deregulation
For banks it's a fraud invitation
Steagall and Glass
Were a pain in their ass
But kept them from ruining the nation

The size of our debt is outrageous
And trickle-down nonsense contagious
The crafty Elites
Use many deceits
So sheeple won't lock them in cages

A verse on supply and demand
When Bankers have printed and planned
The signal of prices
From credit devices
Are castles constructed of sand

It's time for the world to prepare
To enter an age of despair
Our game of pretend
Is nearing an end
The debt monster's leaving his lair

- The Limerick King