February 12th

February 11, 2009

Tomorrow is the 200th birth anniversary of Charles Darwin and Abraham Lincoln.  I can think of no other recorded date in history that was the birth date for two people, who influenced the world as profoundly as those two.

Plenty of gloomy data will be released.

  • Extremely depressed U.S. retail sales likely fell again, and new jobless claims probably exceeded 600,000.
  • Leading indicators of the Australian labor market point to a poor monthly labor force survey in that economy.
  • Fourth-quarter GDP figures from Belgium and Spain will show big declines.  Belgium is the region’s most trade-dependent economy. Spanish housing continues to get hammered.
  • December industrial production in Euroland will be sharply negative. Production fell 4.6% in Germany, 2.5% in Italy, and 1.8% in France.  In Spain, industrial output dived 19.6% in the year to December.
  • India also releases industrial output.
  • Swiss consumer confidence will continue at very low levels.
  • Some price indices are scheduled such as Japanese corporate service prices and Dutch consumer prices.  German wholesale prices are a maybe.

Central banks in South Korea and Chile make interest rate announcements. Each is likely to cut its benchmarks by more than 50 basis points.

Copyright 2009 Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.


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