interesting information from the market: John Williams and car sales

John Williams, head of the FED from San Francisco spoke today in Portland: (main topics)

- support reduction of QE this year

- Reduction of data-dependent

- Bernanke plan (QE withdrawal by mid-2014) real

- Reduction of QE does not mean tightening, rates will remain lowSo ... we are waiting for payroll!

Car sales in the U.S. up

In August:

Toyota 22.8% y/y, the consensus of 15%

Nissan 22.3% y/y, the consensus 17%

GM 14.7% y/y, the consensus 11%

Ford +12% y/y, the consensus of 10%

Porsche 10% y/y

Honda 27% y/y
interesting how much it on credit?

regards,

oscarjp