Wednesday morning links
#fullpost{display:inline;}TOP STORIESHill aides: CBO to project $1 ... By Record 41.9% on Global Slump - BloombergA homely parade in the currency ‘ugly’ contest - FT ... from your Mortgage Calculator - Payorgo.comMortgage applications dip despite low rates - CNN/MoneyHalf [more...]
Date: 2009-01-07 13:48:00
Blog posts
(155) |
Videos
(148)
A system that invited bankers to make bad loans
Our view on the credit crisis: A system that invited bankers to make bad loans Banks and S&Ls could pick their regulators; ... are the Office of the Comptroller of the Currency (OCC), which oversees commercial banks ... when institutions enticed consumers with wildly low "teaser rates" that converted later to much higher rates [more...]
Date: 2009-01-05 05:22:00
Opinion: BoE cut lifts Kiwi
By BNZ Currency Strategist Danica Hampton NZD/USD spent most of the night trading choppily within a 0.5800-0.5960 range ... about the outlook for global growth. Against this backdrop, growth sensitive currencies like NZD ... currencies last night amid soft equity markets, weak US data and the Bank of England’s rate cut. Initially [more...]
Date: 2009-01-09 01:20:09
German gas distributors say they'll have enough gas
German gas distributors say they'll have enough gas Berlin - Gas suppliers said Thursday they foresaw no shortage of gas in Germany, ... despite the weakness of the pound that has brought near-parity between the two currencies, an opinion ... - Summary » Wall Street gain in last day of trading for year » Mortgage rates [more...]
Date: 2009-01-01 14:51:01
Priceline: Susquehanna Cuts Rating After Recent Rally
Priceline (PCLN) shares are under pressure this morning after Susquehanna Investment Group analyst Marianne Wolk this morning cut her rating on the ... variable cost structure, a declining share count and a more favorable currency environment. She says [more...]
Date: 2009-01-07 15:01:17
Priceline: Susquehanna Cuts Rating After Recent Rally
Priceline (PCLN) shares are under pressure this morning after Susquehanna Investment Group analyst Marianne Wolk this morning cut her rating on the ... variable cost structure, a declining share count and a more favorable currency environment. She says [more...]
Date: 2009-01-07 18:42:19
With Retirement Income Investment Your Money Doesn’t Retire
One of the milestones in an individual’s life is retirement ... with your needs, inflation, currency fluctuations and other factors that could affect the value of money ... set of interest rates when the CD’s reach their maturity dates. These CD’s commonly mature in pre [more...]
Date: 2009-01-10 08:53:25
Xchange R8: Freeware currency converter
In these days of economic turmoil its useful to know what the current exchange rate is before going to change money for travel abroad, as it can change dramatically day by day. Xchange R8 is a simple currency converter using live ... of England currency are accessed via the Export Technologies WebService and the Bank of Romania [more...]
Date: 2008-09-19 12:30:28
Control Your Emotions While Trading The Forex Market
Foreign currencies are widely available and can be purchased from commercial banks or money dealers at market rates ... , providing true diversification. Other benefits of forex trading include global exposure to growth, multi ... (the British terms). Almost all financial papers report both ways. Trading forex is in some ways [more...]
Date: 2008-12-26 06:25:23
The Hollow Men
British financial historian Niall Ferguson recently coined the term “Chimerica” to describe the growing economic interdependence between the United ... was then invested in the U.S., which kept interest rates in the U.S. low and provided easy credit ... American excesses and Chinese suppression. China kept its currency at artificially low levels in search [more...]
Date: 2009-01-02 00:51:42
FOREX-Yen buoyed by risk reversal, euro on defensive (Reuters via Yahoo! Malaysia News)
SYDNEY, Jan 12 (Reuters) - The Japanese yen climbed across the board on Monday as a grim global outlook favoured safe-haven currencies, while the euro stayed on the defensive on talk of an aggressive cut in eurozone interest rates later this week. Link to the original site [more...]
Date: 2009-01-12 07:17:25
Incipient Chinese Yuan Depreciation in Context
Incipient Chinese Yuan Depreciation in Context Posted in December 11th, ... the greenback since Beijing began a managed float in 2005. Says Win Thin, a currency economist at Brown ... account for just 8.8% of GDP, but nearly 20% of growth. Now, China is slashing rates and spending [more...]
Date: 2008-12-11 13:06:38
Connect NYC: What to Expect for ’09
By Katherine Tarbox, Senior Editor, REALTOR® Magazine More than 1,200 hungry real estate professionals gathered for Real Estate Connect NYC, Jan ... during a time when exchange rates are still favorable for foreign buyers. One tip: Those who want to break into the international arena should list prices in foreign currencies and state dimensions [more...]
Date: 2009-01-09 21:15:19
Dollar is Ravaged as Fed Goes to Zero Interest Rates
The dollar has been thrown to the wolves by the Federal Reserve’s decision Tuesday to slash its benchmark short-term interest rate to as low ... . The European Central Bank’s benchmark rate is at 2.5%. Canada’s is at 1.5%. Even Japan’s, at 0.3 ... research at GFT Forex in New York. OK. But a currency’s value also is supposed to be a function [more...]
Date: 2008-12-18 04:36:31
Stephen Moore at AFP Summit in Wichita
A few remarks from the Wall street Journal’s Stephen Moore, speaking at the Americans For Prosperity Defending the American Dream summit in Wichita, ... tax rates. Can we agree: “No more federal bailouts.” With one trillion dollars, we could suspend ... standard, so that the politicians can’t control our currency.” [more...]
Date: 2009-01-10 15:56:54
China Prepares for Worst Case As US Prepares For More Central Planning
With a backdrop of Central Bankers Cutting Rates At Record Pace China Urges U.S. to Counter Crisis, Prepares for ‘Worst Case’ ... by Paulson, diverting attention from U.S. claims that China’s currency is undervalued. Both sides called ... Barack Obama, who has already branded China a currency manipulator.Zhou told U.S. officials [more...]
Date: 2008-12-05 01:36:00
forex markets
How to Make Money in Your Sleep Currency Analyst Sean Hyman explains how to take advantage of a Forex pastime… “Let me give you a quick example ... that the exchange rate would hit my desired price.” “The limit order to enter a trade on your trading station [more...]
Date: 2009-01-10 02:16:13
Groundwork for Trade Conflict Being Laid?
We have worried out loud that the policy remedies being pursued by the US amount to trying to restore the status quo ante to as great a degree as ... that they needed to let their currency rise (and presumably over time move to a more balanced, less export ... are seeking to restore or increase trade surpluses. That in turn means SOMEONE has to import [more...]
Date: 2008-12-31 05:55:14
Sarkozy, Merkel, Blair call for a “New World Capitalism”
A prayerful French President Nicolas Sarkozy delivers a speech at the symposium “New World, New Capitalism” in Paris Thursday Jan. 8, 2009 ... , saying: “We should discuss how each of us is managing his currency, his interest rates.”The leaders ... s current account surplus — or trade balance — as problems upsetting the global economy.A Congressional [more...]
Date: 2009-01-11 21:41:33
More Consumption Less Production
More Consumption Less Production December’s larger than expected jump in non-farm payrolls is predictably being touted as evidence of a more ... will be larger trade deficits that merely compound already stretched global imbalances and exacerbate ... data is further evidence of how widespread this misunderstanding has become. Currency traders bid [more...]
Date: 2009-01-12 00:28:00
Get-Well Card from Central Banks Doesn't Cure the Underlying Ailment; Forex Remains Volatile (pfblogs.org)
Today’s coordinated cut in interest rates warmed the cockles of investors’ hearts as though they’d received a personal eCard from the world’s bankers, ... ;P futures reversed a 33-point gain before falling back in to the red once more in pre-market trading ... from six central banks. Since our last report, currency traders have increased demand for dollars [more...]
Date: 2008-10-08 17:38:56
A Call for Realistic Mortgage Modifications that Actually Help Home Owners, Not Just the Banks.
Until very recently, most loan modification plans have overwhelmingly benefited banks with short term arrangements designed to recoup their losses, ... of the Currency and the Office of Thrift Supervision, both key U.S. banking regulators, report ... after eight months, according to John Dugan, U.S. Comptroller of the Currency. The Comptroller gave [more...]
Date: 2009-01-12 14:41:15
Gates of Vienna News Feed 1/2/2009
In tonight’s news: Israel is poised to send ground troops into Gaza.A Muslim family was removed from a plane before takeoff, and is being compensated by the airline for the error. CAIR is in high dudgeon about the incident.Thousands of shoes were dumped on a Miami expressway — is that a message for President-eject Bush? [more...]
Date: 2009-01-03 04:42:00
Household Worth Down $7 Trillion, Retail Sales, Yen Soaring, FOMC to Slash Rates, and More!
by Addison Wiggin & Ian Mathias U.S. household worth down $7 trillion… credit crisis decline blows by tech bust losses Retail sales better than advertised… Rob Parenteau on why you should still be concerned Steve Sarnoff on trading the week ahead… all eyes on the FOMC The well-known currency on the verge of a 13-year high White [more...]
Date: 2008-12-15 19:35:36
The crisis in Ireland
11th January, 2009. Dashed across to Dublin this week-end, to address the Irish Green Party Conference, and met up with Richard Douthwaite of FEASTA - the excellent Irish think tank. I was shocked by what is happening to our neighbours. One newspaper headline declared yesterday that in this country of just 5 million people, 5, [more...]
Date: 2009-01-11 23:30:15
Rural Electrificiation Corporation
Investors with a low-risk appetite can consider taking exposures in the State-owned Rural Electrification Corporation (REC) stock as it is trading at attractive valuations. High demand for funds on the back of huge capacity-addition targets, a relatively low cost of funds as it can float tax-free bonds, advances secured [more...]
Date: 2009-01-11 10:55:00
Russia declares gas monitoring deal void
SUDZHA GAS METERING STATION, Russia (AP) - Teams of EU monitors deployed Sunday at natural gas transit sites along Ukraine's vast pipeline network, but still no gas flowed to a freezing Europe. Russia refused to restart gas supplies that have been stalled since Wednesday, saying the deal for the monitors was made void by Ukraine, [more...]
Date: 2009-01-11 22:06:00
Media Release: Constellation Selling its Value Spirits Brands for $334 Million
· Increases focus on higher-margin mid-premium spirits brands· Leverages existing infrastructure to improve efficiencies· Will reduce borrowings using net cash proceeds· Updates fiscal 2009 reported basis diluted EPS guidance FAIRPORT, N.Y., Jan. 12 /PRNewswire-FirstCall/ — Constellation Brands, Inc [more...]
Date: 2009-01-12 15:19:54
Global Economic Calendar
January 12 - 16, 2009 Date Time* Currency Event Actual Forecast Previous Mon Jan 12 10:30 AM CAD ... will generally strengthen the underlying currency. Retail Sales This report acts as a barometer [more...]
Date: 2009-01-12 16:35:19
Предсказания Кюнстлера на 2009 - США, Нефть, Геополитика, Путин
Спонсор месяца - #1 RX pharmacy affiliate program!Сайт дня (как попасть) - http://www.business-magazine.ru/There are two realities "out there" now competing for verification among those who think about national affairs and make things happen. The dominant one (let's call it the Status Quo) [more...]
Date: 2009-01-01 07:59:00
Some Thoughts on 2009
So much promise, so many risks. This is how 2009 is shaping up. While euphoria surrounding the Obama Administration's fiscal stimulus plans will drive the markets early in the year, I believe this rally will lose steam as massive deficit spending begins to shine a light on the greatest risk facing the US: debasement of the currency [more...]
Date: 2009-01-05 22:51:16
Online Payment Systems: The Missed Opportunity
For the past few years online advertising has been the de-facto monetization mechanism for online businesses that do not sell physical goods. As a result very few companies have actually focused on receiving payments directly from consumers. This lack of attention really shows when you try to figure out a holistic approach to online payments for [more...]
Date: 2009-01-12 17:48:15
[IMG Shop sales]
Eurozone bargain hunters flood into UK Shoppers from countries in the eurozone are swarming into Britain and London in particular ... foreign exchange rates New Star Latest on the struggling fund manager Financial crisis Who's to blame ... oil price and historic charts Interest rates News and experts' predictions House prices News [more...]
Date: 2009-01-12 20:43:58
Sterling continues to gain, forecast gloomy
Profit WarningsAccording to a study by Ernst & Young The number of profit warnings by UK-listed companies hit a seven-year high in 2008 ... , warnings by firms on the London Stock Exchange increased by 17% compared to the previous year. Indeed ... of 2.9% against the previous month. Although the Bank of England cut rates to 1.5% on Thursday [more...]
Date: 2009-01-12 08:34:00
Money: does anyone really know what it is any more?
Of all the novel elements in the new world of enterprise and exchange, none caused more headaches than money ... . It was backed by gold. If you wanted to in the 1960s, you could take your dollar bill into a bank and exchange it for a measure of gold.This exchange of paper for metal maintained a link from the very origins [more...]
Date: 2009-01-11 15:00:00
Liquid Fantasies
Where did all the money disappear? Liquid fantasiesby Satyajit DasDecember 15, 2008In recent years, money was cheap and other assets were expensive ... the competitive position of its exporters, China undertakes "currency sterilization" − operations where it issues ... and the investment income on its reserves).The dollars acquired are invested in foreign [more...]
Date: 2009-01-10 03:48:00
The U.S. Dollar: A Federal Reserve Thingy
by The Mogambo Guru The front of a recent issue of Barron's asks, "Are Treasury Bonds Safe? ... are perfectly safe because a fiat currency and a lapdog Federal Reserve means that they can print ... , was actually right! Hahaha! In fact, consumer price inflation is higher than interest rates - even [more...]
Date: 2009-01-07 21:29:29
Bloggers vs. Journalists Redux, part N
Bloggers vs. Journalists Redux, part N Category: Media Some guy named Mulshine, who is apparently an ancient journalist (remember: generation is mindset, not age), penned one of those idiotic pieces for Wall Street Journal, willingly exposing his out-datedness and blindness to the world - read it yourself and chuckle: [more...]
Date: 2008-12-30 04:08:17
professional obligations of outside consultants (like myself) who work with educational organizations. Today’s post will offer some of my thoughts on the responsibilities of the school organizations that hire outside consultants. J. Dellicolli helpfully pointed us to the National Staff Development Council (NSDC) [more...]
Date: 2008-12-30 16:12:11
Project Humanbeingsfirst Index
Honorific of the day “you are a completely stupid fool, a disgrace to humanity” -- Paul Craig Roberts, United States Former Assistant Secretary of the Treasury, Dec 06, 2008Quote of the day “The answer to 1984 is 1776” -- Alex Jones “The answer to 1776 is the USA Patriot Act” -- The Chairman “The answer to Patriot Acts anywhere is Gandhi” [more...]
Date: 2009-01-11 22:40:00
The layman's finance crisis glossary
The layman's finance crisis glossary via BBC Here is a guide to many of the business terms currently cropping up regularly, ... trade Chapter 11 Capitulation Chapter 11 Collateralised debt obligation Commercial paper Commodities ... Dividends Equity FTSE-100 Fundamentals Futures Futures GDP Hedge fund Hedging Inflation Investment bank [more...]
Date: 2009-01-11 12:55:51
Perspective: Santa Claus Rally?
Vincent Farrell, Jr. is Chief Investment Officer of Scotsman Capital Management LLC., a New York based investment management company ... School of Business in 1972. ~~~~ According to the Stock Trader’s Almanac, a Santa Clause Rally starts with five days left in the trading year and goes to the second day of the New Year. Since 1950 [more...]
Date: 2008-12-29 12:59:23
Currency News - Monday, 12 January 2009
Economic News USD - Detroit Auto Show Adds Confidence to the U.S. Economy The big news for the USD this week appears to be the continuation of its recent rally. Approaching 1.3400 against the EUR in today’s early trading hours, there is potential for the Dollar to remain in this bullish slide until other fundamental news shifts attention [more...]
Date: 2009-01-12 09:37:43
Commodities and currencies should continue mixed and sidelined
Overview Turmoil in the credit markets and the ECB adds to woes by suggesting it will raise its key rate by 25 basis points at July’s meeting. Euribor interest rate futures promptly dropped 25 points, with the December 2008 contract pricing three-month Libor at 5.525%, dragging Sterling, Swiss and US money market contracts down too [more...]
Date: 2008-06-12 06:52:54
Ambrose Evans-Prichard Explains the Bond Bubble
Ambrose Evans-Prichard nails it.The tricky part, as always, is the timing of it all ... about an exodus of hot money – disguised as foreign investment in plant. The exchange regulator is muttering ... are betting too that debt deflation will overwhelm the effects of near-zero interest rates across the G10 [more...]
Date: 2009-01-12 15:00:00
Dugan: ‘Learning as We Go’
Just ahead of the Christmas holiday, BusinessWeek featured an exclusive interview with John Dugan, the Comptroller of the Currency, ... on the occasion of a joint release of housing and mortgage metrics — much of the focus now being placed by regulators is on redefault rates. On Dec. 8, ahead of the release of the agency ... [more...]
Date: 2009-01-02 14:26:03
$550 MILLION bailout for public radio and TV?
Over the weekend Michelle Malkin pointed out the fact that public radio and TV are asking for more than double their usual take. It seems that Obama has opened this new Debt Legislation (stimulus) up in a manner that provokes virtually every government agency across the country to start licking their chops [more...]
Date: 2009-01-12 14:36:42
Greenspan, gold & government
Back in 1967 Greenspan wrote an article called “gold and economic freedom” in which he supports the gold standard, and he also supports fractional-reserve banking (though he didn’t use those words). But the part I found particularly interesting was the discusion of government borrowing [more...]
Date: 2009-01-10 07:11:40
John Judis on how Obama can prevent another Great Depression
Writing in the New Republic, John Judis argues that the "fiscal equivalent of war" is necessary to prevent another Great Depression. In this excellent article, Judis makes some great points about the need for revitalize American manufacturing and to undertake large scale projects such as building high-speed rail systems [more...]
Date: 2009-01-10 18:42:00
Can China Avoid a Post-Olympic Economic Downturn?
By Adam Kritzer Economic analysis indicates that countries that host the Olympic Games typically suffer from economic decline and currency depreciation in the months following its conclusion. The "so-called ‘Valley Effect’ is mainly caused by a dramatic increase in investment in the pre-Olympics stage, [more...]
Date: 2009-01-12 14:39:56
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