Things looking up for you lot then…..

–Adds Detail, Quotes To Earlier Versions WARWICK (MNI) – Bank of England Monetary Policy Committee member Adam Posen said the cetral forecast in the February Inflation Report was pretty close to his own. The February Inflation Report showed inflation rising to around 1.8% in two years time and up to 1.9% in three years’ time, [...]

WARWICK (MNI) – Bank of England Monetary Policy Committee member Adam Posen said the cetral forecast in the February Inflation Report was pretty close to his own. The February Inflation Report showed inflation rising to around 1.8% in two years time and up to 1.9% in three years’ time, close to the 2.0% target. This [...]

We are going out at the highs, at 79.55 after breaking the October post-intervention spike high of 79.52.

WARWICK (MNI) – Bank of England Monetary Policy Committee member Adam Posen said the cetral forecast in the February Inflation Report was pretty close to his own. The February Inflation Report show inflation rising to around 1.8% in two years time and up to 1.9% in three years’ time, close to the 2.0% target. This [...]

–FOMC/CBO Forecasts ‘Out Of Date” Given Encouraging Jan Payrolls –Economic Recovery At ‘Moderate Pace”, Will Continue and Gather Speed –Labor Market ‘Gradually Improving’, Remains Admin’s Top Priority By Chris Cermak WASHINGTON (MNI) – The White House Friday said it expected job growth of 2 million this year, above the 1.8 million jobs created last year, [...]

Rtrs: ECB considers losses on Greek bonds held by national banks DJ: ECB completes debt swap WSJ: IMF will give less in Greek bailout due to European overexposure Juncker: we are far away from 120% Greek debt-to-GDP target Schaeuble renews call for Greek escerow account China’s Xi: No hard landing in 2012 US Congress passes payroll [...]

WARWICK (MNI) – Bank of England Monetary Policy Committee Adam Posen member Adam Posen said the cetral forecast in the February Inflation Report was pretty close to his own. The February Inflation Report show inflation rising to around 1.8% in two years time and up to 1.9% in three years’ time, close to the 2.0% [...]

–Obama Offers FY’13 Budget That Claims $3T In Ten Year Savings –Republicans Scorch Plan As Heavy With Gimmicks, Light on Reform –Democrats Say Budget Moves Country in Right Fiscal Direction –Budget Experts Say Plan Is Modest Step Forward By John Shaw WASHINGTON (MNI) – Since President Obama released his fiscal year 2013 budget Monday, congressional [...]

According to Dow Jones: Net EUR short position rose 5% Net JPY long position fell 48% Net CHF short position rose 61%  

Better rev up the printing presses, in that case… Real evidence that loosening monetary policy works Outlook for QE plan to be determined by data

Greece dominated the news but EUR/USD ends the week at virtually the same level as the past four weeks. The weekly charts to pull up are tied to JPY. Weak GDP and a surprise round of QE have finally roused the yen from its long slumber. All the charts jump out but CAD/JPY looks particularly [...]

–Calls on Congress to Pass Tax Credit for Firms Creating Jobs By Heather Scott WASHINGTON (MNI) – President Barack Obama praised Congress Friday for doing the right thing, and approving an extension of the payroll tax cut and unemployment benefits until the end of the year, and said he would sign it immediately. In a [...]

A reminder that it’s US stock options expiration today. It’s the only real hope for volatility before the weekend.

UK economic picture is not a good one but it is not a disaster due to policy action What policy action, you might as? QE, of course, of which Posen is the foremost sponsor in the UK. Via Bloomberg.

There is always going to be someone trying to poke holes in good economic news. Good weather is the latest one. It’s an interesting theory and, at worst, the article is a nice recap of the recent US economic strength. January 2012 was the fourth warmest such month on record for the lower 48 states

By Joseph Plocek WASHINGTON (MNI) – The recent uptick in economic indicators is unmistakable, but it is just possible that mild winter weather is skewing higher seasonally adjusted information that normally looks for a lull in the winter as snow and ice cover much of the country. Consider the recent string of better-than-expected indicators: – [...]

The ECB’s bond swap is done but it looks as if national central banks in Europe won’t get the same deal. According to Reuters, they might not get a deal at all and instead will get the same as private investors. By forcing losses onto central banks it would reduce the risk of lawsuits but, more [...]

Must ensure Greek aid used first for debt service Greek debt target may be raised to 122 or 123 pct of GDP but it must not reach 130%, he said The euro is safe Euro will remain a stable currency

For you sickos who can’t get enough of Greek politics.