US markets were flat today, as info showed inflation stayed in control last month as the domestic economy continues to get better but consumer sentiment slipped. The Michigan University initial reading on the index on sentiment slid to 74.3 from 75.3 last month, economists had forecast a gain to 76.0 as climbing energy costs pushed […]
US Markets Have a Flat Friday Read More »
Japan, South Korea and international cargo ship insurers are lobbying ECU officials to revise planned sanctions against Iran to permit Europe’s insurance market to cover Iranian oil cargos. The EU oil embargo due to come into effect in July to stop ECU members from importing Iranian oil would also stop EU insurers and reinsurers from
Oil Embargo Hitting Insurers And Having Effects On Iran Oil Shipments Read More »
The week after next the UK’s Finance Minister George Osborne reveals plans for bonds of no less than a hundred years, as the administration looks to take advantage of historically-low rates. Osborne will use his yearly budget address to launch a consultation on century-long bonds and could also propose gilts, that the capital is rarely
Printing Money And Lending It To The Government Read More »
Being the “Glass Half Empty” kind of guy, the eternal pessimist, it is hard for me to get excited over things like FOMC minutes and Federal Reserve speechmakers. Month after month for too many years, politicians and economists have all staked their reputations on the end of the recession and the return of growth. Every
You Convinced Me Recovery Is Here Read More »
Gold regained some power this morning after a drop in the prior session attracted bargain hunters and bottom feeders, but a robust dollar and fading expectancies of more financial easing in the USA made the metal exposed to more selling. The physical market lacked activity as commercial users looked for a deal, while bullion holders
Gold Looking For A Bottom Read More »
Sweden wants to think “outside the European box” after its heavy dependence on trade with the area was held accountable for a pointed economic and financial deceleration in quarter 4 of 2011. Swedish trade minister Ewa Bjorling wants to double exports by 2015 thru measures that include chasing export markets outside the depressed EU Union
Eurozone Crisis Starting To Effect Sweden Read More »
Remember the Fed is your Friend. Those who follow it are often rewarded with handsome profits. It is not as easy as it seems on the surface because the Federal Reserve Bank does not directly advise on gold, silver, stocks and bonds. To understand the Fed one must know the language, the “lingo” the “jargon”
The FED Is Your Friend Read More »
Giving the closing address at the end of China’s yearly parliamentary session on today, Premier Wen claimed the state had no intention to relax its austerity position because while housing costs have just shown signals of easing, they were still too high. The official Xinhua agency reported: [quote]If we develop the home market blindly, a
Premier Wen Addresses The National People’s Congress Read More »
If you stop and review the economic data release by the Portuguese government since the beginning of the month, shivers should run up your spine. Recently the EU approved the next tranche of bailout funds for Portugal, but economic indicators released in this month show a much larger economic problem brewing then the EU and
Portugal Seems To Be A Train Wreck Waiting To Happen Read More »
Wikipedia states a Stress Test “is a form of testing that is used to determine the stability of a given system or entity. It involves testing beyond normal operational capacity, often to a breaking point, in order to observe the results. Stress testing may have a more specific meaning in certain industry”. Under Financial Stress
What Is A Stress Test For A Bank And Why? Read More »
