Consumer Debt & EIA Inventory
April consumer debt +$10.6 billion, the most in 10 months.
Inside the number: Total outstanding consumer credit in April +5.9% to $2.170 trillion. Revolving debt +$3 billion, the most in seven months.
Nonrevolving debt +$7.6 billion, or +6.7%. March's total consumer credit was revised lower, +$1.4 billion vs prior est. +$2.52 billion. Full Report
Latest EIA Inventory Crude +1.1M barrels, Gasoline +1M, Distillates +1.8M Crude prices fell 2.5%.
Inside the number: YOY Crude +15.8M barrels, Distillates +13M, Gasoline -6.3M (due to an orchestrated production squeeze at the refinery level).Full Report
A really bad sign, mergers and acquisitions have already reached $1.653 trillion for 2006, the highest year-to-date figure on record. High M&A activity usually preceeds a major recession or worse.
The U.K. House of Commons was locked down after Anthrax was found. Speaking of toxic agents being found in government buildings...
Ex Fed Head Greenspan was found before Congress commenting that world refining capacity has become worrisome and could become the binding constraint on growth. Do ya think?
Atlanta Fed Head Jack Guynn: "Headline measures of inflation of late have been bothersome, with higher oil prices contributing too much of the run-up in those broad readings." Do ya think?
Inside the number: Total outstanding consumer credit in April +5.9% to $2.170 trillion. Revolving debt +$3 billion, the most in seven months.
Nonrevolving debt +$7.6 billion, or +6.7%. March's total consumer credit was revised lower, +$1.4 billion vs prior est. +$2.52 billion. Full Report
Latest EIA Inventory Crude +1.1M barrels, Gasoline +1M, Distillates +1.8M Crude prices fell 2.5%.
Inside the number: YOY Crude +15.8M barrels, Distillates +13M, Gasoline -6.3M (due to an orchestrated production squeeze at the refinery level).Full Report
A really bad sign, mergers and acquisitions have already reached $1.653 trillion for 2006, the highest year-to-date figure on record. High M&A activity usually preceeds a major recession or worse.
The U.K. House of Commons was locked down after Anthrax was found. Speaking of toxic agents being found in government buildings...
Ex Fed Head Greenspan was found before Congress commenting that world refining capacity has become worrisome and could become the binding constraint on growth. Do ya think?
Atlanta Fed Head Jack Guynn: "Headline measures of inflation of late have been bothersome, with higher oil prices contributing too much of the run-up in those broad readings." Do ya think?
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