Economic Collapse

[basserdan]

Today's Economic Calendar
7:00 MBA Mortgage Applications
8:30 Producer Price Index
10:30 EIA Petroleum Inventories
1:00 PM Results of $12B, 30-Year Note Auction
2:00 PM Treasury Budget

Today's Markets
In Asia, Japan +0.5%. Hong Kong -0.3%. China +0.2%. India +0.1%.
In Europe, at midday, London -0.2%. Paris flat. Frankfurt flat.
Futures at 6:20, Dow -0.1%. S&P -0.2%. Nasdaq -0.2%. Crude +0.9% to $48.67. Gold +0.4% to $1338.20.
Ten-year Treasury Yield flat at 2.16%






With cycles of Greenspan inflation
And ludicrous bubble creation
The Fed and its fools
Required new tools
The tool they employed: Bloviation

The Fed's doing harm with its rate
It doesn't require debate
Bubbles they're blowing
Keep growing and growing
Their singular tool: To Inflate!

-The Limerick King