Monday, January 23, 2006

Quick Overview

  • The massive and growing U.S. current account deficit poses a threat to the world economy and an eventual adjustment will not necessarily be gradual, New York Federal Reserve Bank President Timothy Geithner said on Monday.


  • The Conference Board's index of U.S. leading indicators was up 0.1%, less than expected.

  • Canada's retail sales were up 1.1%.

  • The USDA said there were 428 million pounds of frozen pork in storage, down 11% YoY. Frozen bellies totaled 47.9 million pounds, down 15% YoY.

  • The USDA said there were 1.045 billion pounds of frozen orange juice in storage on December 31st, down 29% YoY.

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