PPI up 1.8% – another classic smack down b/w Rick Santelli and Liesman

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US producer prices rose more than expected in November, lifted by a surge in energy costs, and recorded the first year-on-year gain since last November, according to a government report on Tuesday

…The Labor Department said the seasonally adjusted index for prices paid at the farm and factory gate jumped 1.8 percent, the largest gain in three months, following a 0.3 percent rise in October.

Analysts polled by Reuters had expected producer prices to increase by 0.8 percent last month. Compared with the same period last year, producer prices surged 2.4 percent in November, posting their first gain in a year and the largest rise since October 2008….

Empire State Index:

…The New York Fed’s “Empire State” general business conditions index fell (TO) 2.55 in December from 23.51 in November.

This was the biggest monthly decline on record and the lowest reading since July 2009 when it was at minus 0.55. The index has risen from a record low of minus 22.23 in March….

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December 15, 2009. Tags: , , , , , , , , . Economy, Politics, Wall St. 1 comment.

Market Mover Wednesday: CPI Rises Less Than Expected, Up 0.1% in May – CNBC.com

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June 17, 2009. Tags: , , , , , , , , , . Economy, Finance, Wall St. Comments off.

Golden Slacks, JPMorgan Chase and Morgan Stanley apply to repay TARP….spark monster rally….


DOW closed up a monster 200 off the news; still awaiting okay from FED

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May 18, 2009. Tags: , , , , , , , , , . Economy, Finance, Politics, Popular Culture, Wall St. Comments off.

Repost By Request: Liesman like Nixon: Rick Santelli to Steve Liesman: “Don’t Open Your Mouth and Say Dumb Things” – mediabistro.com: TVNewser


May 5, 2009. Tags: , , , , , , , , , , , . Economy, FDIC, Finance, Politics. 1 comment.

State Budget Battles, CA Unemployment hits 11.2%…

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April 17, 2009. Tags: , , , . Economy, Labor Department, Politics, Taxes, Uncategorized, Unemployment Statistics. Comments off.

Market Update: Santelli vs Liesman on Tea Parties, Fed’s Plan: Boost for Housing…

Midday and GOLD is back up to 900, heh. DOW down 73 to 8009, S&P down 4 to 852 and NAS down 13 to 1638. Methinks this Bear Rally is almost over and the precipitating event to kill it will be bank earnings this week. Lots of pushback on the Wells earnings report last week suggesting they do not have enough in reserves, thus their numbers…the ROY that Treasury told GM to have its bankruptcy paperwork ready for the end of June is a drag today as well…..

Watch all the way, at the end, Kudlow brings up the Tax Day Tea Party Movement and Steve Liesman  gets obnoxious (Gee defensive much Steve? LOL!) and Rickster fights back….

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Mon. Apr. 13 2009 | 8:41 AM ET

Debating whether the Fed’s mortgage program has given the sector a boost, with CNBC’s Rick Santelli & Steve Liesman.

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April 13, 2009. Tags: , , , . Economy, Finance, Foreclosures, Housing, Politics, Popular Culture, TARP, Taxes, Uncategorized, Wall St. Comments off.

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