Eur over 1.5100 and Aussie over .9300 and yet the market remains at 261% level or
so.....really a diveregence in all of this.

Jamie at the great FX live pointed this out to me.. that The US has a large trade deficit
with China. Logically, the dollar should fall against the yuan until trade comes back into
balance. China does not allow that: they intervene to buy dollars, maintaining a weak yuan
and recycle the dollars into the US economy where they fund sub-prime mortgages and zero
interest rates credit cards.

Since the market knows the dollar is overvalued, it looks for other avenues to to sell.
Europe does not manipulate its currency, so the dollars flow into euros as a sort of
“escape” valve….

Stupid Drillers just drilling too much still..Working Gas in Underground Storage, Lower 48
other formats: Summary TXT CSV
Region Stocks in billion cubic feet (Bcf) Historical Comparisons
11/20/09 11/13/09 Change Year Ago (11/20/08) 5-Year (2004-2008) Average
Stocks (Bcf) % Change Stocks (Bcf) % Change
East 2,099
2,101
-2
1,997
5.1
1,954
7.4

West 525
524
1
468
12.2
456
15.1

Producing 1,211
1,208
3
966
25.4
982
23.3

Total 3,835
3,833
2
3,431
11.8
3,393
13.0



Notes and Definitions


Summary
Working gas in storage was 3,835 Bcf as of Friday, November 20, 2009, according to EIA
estimates. This represents a net increase of 2 Bcf from the previous week. Stocks were 404
Bcf higher than last year at this time and 442 Bcf above the 5-year average of 3,393 Bcf.
In the East Region, stocks were 145 Bcf above the 5-year average following net withdrawals
of 2 Bcf. Stocks in the Producing Region were 229 Bcf above the 5-year average of 982 Bcf
after a net injection of 3 Bcf. Stocks in the West Region were 69 Bcf above the 5-year
average after a net addition of 1 Bcf. At 3,835 Bcf, total working gas is above the 5-year
historical range.

But I wonder, After the Saturday Night Skit last Saturday..I bet he raises taxes for the
Employment bill...and it will probably be a "tax the rich" kinda of thing which voters
will love.

This was BTE too..Lackluster Recovery Due to Weak Consumer Finances
ANN ARBOR. Consumer confidence suffered a small setback in November as consumers reported
continued reversals in their personal financial situation. “The grim financial realities
faced by consumers rose to the
worst levels ever recorded in more than sixty year history of the survey,” according to
Richard Curtin, the Director
of the Reuters/University of Michigan Surveys of Consumers. Consumers’ assessments of
their finances have been
the grimmest since 1946, and have remained at those record low levels for most of the past
two years. As each
month passes, the capacity of families to withstand the cumulative losses has pushed more
and more households into
financial hardship. “Consumers cite their deteriorating finances as well as their
uncertainty about future job and
income prospects more than ever before, and this has made them very cautious spenders,”
Curtin noted. Nonetheless,
the 22% gain in the Sentiment Index from last year’s low points toward growth rather
than declines in consumer
spending in the year ahead. Inflation-adjusted total consumer spending, however, is
expected to advance by a scant
1.5% in 2010.
The Index of Consumer Sentiment was 67.4 in the November 2009 survey, down from 70.6 in
October and
73.5 in September, but substantially above the 55.3 recorded last November (the cyclical
lowpoint). The Index of
Consumer Expectations, a closely watched component of the Index of Leading Economic
Indicators, was 66.5 in
November, down from 68.6 in October and 73.5 in September, but significantly above last
November’s 53.9. The
Current Economic Conditions Index was 68.8 in November, down from 73.7 in October and 73.4
in September, but
above the 57.5 recorded last November.
When asked to explain in their own words how their finances had changed, the smallest
proportion in the
sixty-year history of the survey reported income gains—just 9%—and the largest
proportion voluntarily cited income
declines—38%. Income losses were described in connection with everything from job losses
and shorter work hours
to the loss of bonuses and even wage give-backs. “Even more distressing, the fewest
consumers anticipated income
gains and the gains expected were the smallest ever recorded,” Curtin said.
While there is widespread agreement among consumers that the worst of the downturn is
over, there is no
agreement on when the economy will be strong enough to significantly lower the
unemployment rate. To be sure,
consumers no longer expect steep increases during the year ahead, as the data indicate
that consumers believe the
unemployment rate will peak at 10.7% by mid 2010. “The problem is that consumers do not
expect the
unemployment rate to fall below 10% throughout the year ahead,” Curtin added.
Uncertainty about job and income prospects caused a partial reversal in buying plans. When
asked about
purchases of large durables, like furniture, appliances, and home electronics, 39%
mentioned that income uncertainty
had caused them to postpone any purchases, only below the all-time peak of 47% set in last
November’s survey.
Robust gains in employment are required for more robust gains in consumer spending, which
will wait until at least
2011. “It is hard to imagine how the Obama administration will resist, during an
election year, a new federal
stimulus plan focused on relieving the economic stress caused by rising unemployment and
lackluster income gains
to avoid a potential relapse in consumer spending in mid to late 2010,” according to
Curtin.

Housing was BTE..NEW RESIDENTIAL CONSTRUCTION IN OCTOBER 2009
The U.S. Census Bureau and the Department of Housing and Urban Development jointly
announced the following new residential
construction statistics for October 2009:
BUILDING PERMITS
Privately-owned housing units authorized by building permits in October were at a
seasonally adjusted annual rate of 552,000.
This is 4.0 percent (±1.9%) below the revised September rate of 575,000 and is 24.3
percent (±1.9%) below the October 2008
estimate of 729,000.
Single-family authorizations in October were at a rate of 451,000; this is 0.2 percent
(±1.0%)* below the revised September figure of
452,000. Authorizations of units in buildings with five units or more were at a rate of
85,000 in October.
HOUSING STARTS
Privately-owned housing starts in October were at a seasonally adjusted annual rate of
529,000. This is 10.6 percent (±8.7%) below
the revised September estimate of 592,000 and is 30.7 percent (±8.3%) below the October
2008 rate of 763,000.
Single-family housing starts in October were at a rate of 476,000; this is 6.8 percent
(±7.5%)* below the revised September figure of
511,000. The October rate for units in buildings with five units or more was 48,000.
HOUSING COMPLETIONS
Privately-owned housing completions in October were at a seasonally adjusted annual rate
of 740,000. This is 1.9 percent (±12.4%)*
above the revised September estimate of 726,000, but is 29.9 percent (±9.7%) below the
October 2008 rate of 1,055,000.
Single-family housing completions in October were at a rate of 528,000; this is 10.7
percent (±14.5%)* above the revised September
figure of 477,000. The October rate for units in buildings with five units or more was
200,000.
New Residential Construction data for November 2009 will be released on Wednesday,
December 16, 2009, at 8:30 A.M. EST.
Our Internet site is: http://www.census.gov/newresconst
EXPLANATORY NOTES
* 90% confidence interval includes zero. The Census Bureau does not have sufficient
statistical evidence to conclude that the actual change is different from zero.
http://www.census.gov/newresconst
In interpreting changes in the statistics in this release, note that month-to-month
changes in seasonally adjusted statistics often show movements which may be
irregular. It may take 3 months to establish an underlying trend for building permit
authorizations, 4 months for total starts, and 5 months for total completions. The
statistics in this release are estimated from sample surveys and are subject to sampling
variability as well as nonsampling error including bias and variance from
response, nonreporting, and undercoverage. Estimated relative standard errors of the most
recent data are shown in the tables. Whenever a statement such as “2.5
percent (±3.2%) above” appears in the text, this indicates the range (-0.7 to +5.7
percent) in which the actual percent change is likely to have occurred. All ranges
given for percent changes are 90-percent confidence intervals and account only for
sampling variability. If a range does not contain zero, the change is statistically
significant. If it does contain zero, the change is not statistically significant; that
is, it is uncertain whether there was an increase or decrease. The same policies apply
to the confidence intervals for percent changes shown in the tables. On average, the
preliminary seasonally adjusted estimates of total building permits, housing starts
and housing completions are revised about two percent or less. Explanations of confidence
intervals and sampling variability can be found on our web site listed

The Market is so nice, it waits for me at the 261% level....

This was BTE..PERSONAL INCOME AND OUTLAYS: OCTOBER 2009
Personal income increased $30.1 billion, or 0.2 percent, and disposable personal income
(DPI)
increased $45.7 billion, or 0.4 percent, in October, according to the Bureau of Economic
Analysis.
Personal consumption expenditures (PCE) increased $68.3 billion, or 0.7 percent. In
September,
personal income increased $20.7 billion, or 0.2 percent, DPI increased $21.3 billion, or
0.2 percent,
and PCE decreased $60.3 billion, or 0.6 percent, based on revised estimates.

Real disposable income increased 0.2 percent in October, compared with an increase of
0.1
percent in September. Real PCE increased 0.4 percent, in contrast to a decrease of 0.7
percent.

2009
June July Aug.
Sept. Oct.
(Percent change from preceding
month)
Personal income, current dollars -1.0 0.3 0.3
0.2 0.2
Disposable personal income:
Current dollars -0.9 0.1 0.3
0.2 0.4
Chained (2005) dollars -1.5 0.1 -0.1
0.1 0.2
Personal consumption expenditures:
Current dollars 0.7 0.2 1.3
-0.6 0.7
Chained (2005) dollars 0.2 0.2 1.0
-0.7 0.4

Wages and salaries

Private wage and salary disbursements increased $2.1 billion in October, in contrast to a
decrease of
$6.2 billion in September. Goods-producing industries' payrolls decreased $3.3 billion,
compared with
a decrease of $6.8 billion; manufacturing payrolls decreased $3.6 billion, compared with a
decrease
of $0.3 billion. Services-producing industries' payrolls increased $5.4 billion, compared
with an
increase of $0.6 billion. Government wage and salary disbursements increased $0.6
billion, in contrast
to a decrease of $1.7 billion.

Other personal income

Supplements to wages and salaries increased $1.3 billion in October, compared with an
increase of $0.4 billion in September.

Proprietors' income increased $10.0 billion in October, compared with an increase of $2.5
billion in September.
Farm proprietors' income increased $4.6 billion, in contrast to a decrease of $1.4
billion. Nonfarm proprietors'
income increased $5.4 billion, compared with an increase of $3.9 billion.

Rental income of persons increased $4.3 billion in October, compared with an increase of
$5.2 billion in
September. Personal income receipts on assets (personal interest income plus personal
dividend income)
increased $4.8 billion, in contrast to a decrease of $2.0 billion. Personal current
transfer receipts
increased $7.2 billion, compared with an increase of $21.6 billion.

Contributions for government social insurance -- a subtraction in calculating personal
income -- increased
$0.2 billion in October, in contrast to a decrease of $0.9 billion in September.

Personal current taxes and disposable personal income

Personal current taxes decreased $15.6 billion in October, compared with a decrease of
$0.7 billion in September.
Disposable personal income (DPI) -- personal income less personal current taxes --
increased $45.7 billion,
or 0.4 percent, in October, compared with an increase of $21.3 billion, or 0.2 percent in
September.

Personal outlays and personal saving

Personal outlays -- PCE, personal interest payments, and personal current transfer
payments -- increased $65.8 billion
in October, in contrast to a decrease of $60.6 billion in September. PCE increased $68.3
billion, in contrast to
a decrease of $60.3 billion.

Personal saving -- DPI less personal outlays -- was $490.3 billion in October, compared
with $510.4 billion
in September. Personal saving as a percentage of disposable personal income was 4.4
percent in October,
compared with 4.6 percent in September. For a comparison of personal saving in BEA’s
national income and
product accounts with personal saving in the Federal Reserve Board’s flow of funds
accounts and data
on changes in net worth, go to http://www.bea.gov/national/nipaweb/Nipa-Frb.asp.

Real DPI, real PCE and price index

Real DPI -- DPI adjusted to remove price changes -- increased 0.2 percent in October,
compared with
an increase of 0.1 percent in September.

Real PCE -- PCE adjusted to remove price changes -- increased 0.4 percent in October, in
contrast to a decrease
of 0.7 percent in September. Purchases of durable goods increased 2.0 percent, in
contrast to a decrease of
8.7 percent. Purchases of motor vehicles and parts accounted for the increase in October
and accounted for most of
the decrease in September. The September decrease reflected the impact of the CARS
program (popularly
called “cash for clunkers”), which had boosted motor vehicle sales in July and in
August. For further
information on how the CARS program is reflected in the GDP statistics, please see the FAQ
at BEA’s Web site,
www.bea.gov, “How will the federal Consumer Assistance to Recycle and Save Act of 2009
(i.e., the CARS program)
be reflected in the National Income and Product Accounts (NIPAs)?” Purchases of
nondurable goods
increased 0.2 percent in October, compared with an increase of 0.6 percent in September.
Purchases of services
increased 0.3 percent, compared with an increase of 0.2 percent.

PCE price index -- The price index for PCE increased 0.3 percent in October, compared with
an increase of 0.1
percent in September. The PCE price index, excluding food and energy, increased 0.2
percent, compared with an
increase of 0.1 percent.

Revisions

Estimates of personal income have been revised for April through September; estimates of
PCE have been revised
for July through September. Changes in personal income, current-dollar and chained (2005)
dollar DPI,
and current-dollar and chained (2005) dollar PCE for August and September -- revised and
as published
in last month's release -- are shown below.

For April through June, the revisions to wages and salaries reflected the incorporation of
newly
available BLS tabulations for second-quarter private wages and salaries from the quarterly
census of
employment and wages. Wages and salaries were revised up for all three months. Revisions
to personal
current taxes reflected the revision to wages and salaries and the incorporation of
revised annual
targets based on collections data from Monthly Treasury Statements.

Beginning in July, revisions to personal current transfer receipts reflect updated
estimates of
the impact of the American Recovery and Reinvestment Act of 2009 (ARRA).

Change from preceding
month
August
September
Previous Revised Previous Revised Previous
Revised Previous Revised
(Billions of dollars) (Percent) (Billions
of dollars) (Percent)
Personal Income:
Current dollars 17.4 31.0 0.1 0.3 -0.1
20.7 0.0 0.2
Disposable personal income:
Current Dollars 14.1 28.7 0.1 0.3 -0.2
21.3 0.0 0.2
Chained (2005) dollars -21.2 -8.9 -0.2 -0.1 -11.9
8.2 -0.1 0.1
Personal consumption expenditures:
Current dollars 139.8 131.4 1.4 1.3 -47.2
-60.3 -0.5 -0.6
Chained (2005) dollars 96.0 87.7 1.0 1.0 -54.1
-65.3 -0.6 -0.7

BEA’s national, international, regional, and industry estimates; the Survey of Current
Business; and BEA news releases
are available without charge on BEA’s Web site at www.bea.gov. By visiting the site,
you can also subscribe to receive
free e-mail summaries of BEA releases and announcements.

Well Airlines is the Swine Flu thing..that they didn't take into account.

This was a miss..DATA SNAP: Oct Durable Goods Orders Fall Unexpectedly
===============================================================
Oct Durable Goods Orders: Oct Sep ! Consensus: !
Total Orders: -0.6% +2.0%r ! +0.5% !
Ex-Transportation: -1.3% +1.8%r ! Actual: !
Ex-Defense: +0.4% +1.8%r ! -0.6% !
===============================================================

By Jeff Bater
Of DOW JONES NEWSWIRES


WASHINGTON -(Dow Jones)- Demand for long-lasting goods unexpectedly fell in October,
brought down by the defense sector, and a barometer of capital spending by businesses
tumbled in another sign of the recovery's sluggishness.

Manufacturers' orders for durable goods decreased 0.6% to a seasonally adjusted $166.17
billion, the Commerce Department said Wednesday.

Military goods demand plunged. Excluding defense, all other durables increased by 0.4% in
October, after going 1.8% higher in September.

Still, if not for a jump in commercial airpline bookings, the drop in overall durables
would have been much greater.

While generally negative, the report Wednesday had a few bright spots. September durables
were revised way up, for instance.

A key number in the monthly data, orders for non-defense capital goods excluding aircraft,
fell, by 2.9%, after increasing 2.6% in September. The orders are seen as a proxy for
capital spending by businesses.

While the economy stopped shrinking last summer, the recovery is expected to be slow,
because unemployment has topped 10%. Last week, the government said U.S. home construction
fell sharply in October, an unexpected drop that erased months of gains.

Economists surveyed by Dow Jones Newswires had projected overall durable goods orders
would climb 0.5% in October. Some manufacturers have boosted orders to slow their
inventory liquidation and rebuild depleted stockpiles of goods. The Wednesday data showed
manufacturers' inventories of durable goods were unchanged in October, ending a string of
declines. The last three reports on the sector by the influential research group the
Institute for Supply Management have showed manufacturing expanding.

Cars, radios, and coffee makers are durables, goods meant to last at least three years.
Coming out of the severe recession, durables year to date were down 23%, in unadjusted
terms, from the same 10-month period in 2008. Overall durables in September rose 2.0%,
adjusted from a previously revised 1.4% increase.

US Airways (LCC) said this week it plans to defer the delivery of 54 Airbus jets, in a bid
to improve liquidity and ease its strained finances. The deferral will reduce the
company's aircraft capital expenditure by about $2.5 billion over the next three years.
The economy has hurt airline revenues.

A sign within Wednesday's data of future demand for durables, unfilled manufacturers'
orders, fell, by 0.4%, the 13th drop in a row.

Durable-goods shipments of manufacturers fell 0.2% last month.

Orders for transportation-related goods climbed 1.5%, pushed by a 50.8% jump in
non-defense planes. Motor vehicle orders dipped 0.1%, despite the success of the
government's incentive program "cash for clunkers" last summer.

Excluding the transportation sector, orders for all other durables decreased 1.3% in
October. Demand ex-transportation had climbed 1.8% in September.

Orders last month for metals and electrical equipment rose. Computers and machinery fell.


October capital goods orders decreased 2.0%. Non-defense capital goods - items meant to
last 10 years or longer - rose 1.2%. Defense-related capital goods orders went down by
18.4%.