Banks in Asia are reasonably sound because they never went and invested in all kinds of Greek bonds, and Portuguese bonds and so on and so on.
China intensifies purchases of copper
Focus on Chinese demand and lower production expectations prompts short covering
he only areas of the world economy I see that are going to be dynamic are natural resources; farming is going to be one of the best professions of the next 10 or 20 or 30 years.
We got troops stationed in over 120 countries around the world. I mean the politicians have sent them there you know, and those military establishments are making things worse for America, not better. We got to change our total way of thinking just as the British did when the British started facing reality
http://www.zerohedge.com/news/annual-inflation-hits-4
http://www.zerohedge.com/news/guest-post-rise-and-fall-us-confidence-or-why-fair-value-gold-phase-space-6000-12000
Russia is now China’s ninth largest source of oil imports, with Saudi Arabia first, Iran second and Angola third.
We believe the minutes lend themselves to our view that there is a somewhat better-than-even chance the Fed takes action at the next meeting to increase the average maturity of assets on their balance sheet.
We came this close to QE3:
- Some participants noted that additional asset purchases could be used to provide more accommodation by lowering longer-term interest rates.
- Others suggested that increasing the average maturity of the System’s portfolio—perhaps by selling securities with relatively short remaining maturities and purchasing securities with relatively long remaining maturities—could have a similar effect onlonger-term interest rates.
- A few participants noted that a reduction in the interest rate paid on excess reserve balances could also be helpful in easingfinancial conditions.
- A few members felt that recent economic developments justified a more substantial move at this meeting, but they were willing to accept the stronger forward guidance as a step in the direction of additional accommodation. Three members dissented because they preferred to retain the forward guidance language employed in the June statement.
Participants generally noted that, with apparently significant slack in labor and product markets, slow wage growth, and little evidence of pricing power among firms, inflation was likely to decline somewhat over time.
Participants noted that devoting additional time to discussion of the possible costs and benefits of various potential tools would be useful, and they agreed that the September meeting should be extended to two days in order to provide more time.
Top universities
http://www.zerohedge.com/news/guest-post-best-way-stay-out-student-loan-debt-and-boost-your-resume
While it is unclear if geopolitical news, or expectations of imminent QE3 is what just drove WTI to $89, the update from AP that Israel has sent two warships to the border with Egypt will likely not help the oil deflation case. From the AP: "The Israeli military says it has sent two more warships to the Red Sea border with Egypt following warnings that militants are planning another attack on southern Israel from Egyptian soil.
In short: 2011 has been the most disappointing year for Americans in history.
Who would think that all it takes for gold to surge by $40 in under an hour is for the Fed to resume the old song and dance. Y
ca anul 2011 a fost cel mai rau pentru BRD, iar din 2012 situatia bancii se va imbunatati mult.
Cat de mult se va recupera si cat timp va dura revenirea vom incerca sa preconizam in saptamanile viitoare. Deocamdata trendul descrescator s-a incheiat si trecem printr-o perioada de consolidare si usoara crestere”, a mai spus Ciubotaru.
Tendinta negativa
onsider this.. In the last one year, gold prices in Mumbai have jumped from about Rs 19,000 per 10 grams to nearly Rs 27,000, a rise of 42%.
. As part of the countdown to Nonfarm Payrolls we get ADP Employment today, which is expected to show robust growth in private sector jobs.
This is perhaps the underlying message from International Monetary Fund Managing Director Christine Lagarde's warning that Europe's banks "need urgent recapitalization." She may have been warning about the costly alternative to a solution to the Greek sovereign crisis. And default will damage Europe's already fragile banks.
Dexia's exposure to Greek government debt is estimated at 39% of its equity capital, and Commerzbank's at 27%—most outside of Greece have much more manageable positions.
Of course, banks unable to recapitalize either through the private or public sector face the third alternative of having to limp along as best they can. This would result in a significant credit contraction, which would depress growth in core Europe.
Price to rent is at 2000 level
http://www.calculatedriskblog.com/2011/08/real-house-prices-and-price-to-rent.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CalculatedRisk+%28Calculated+Risk%29&utm_content=Google+Reader#
China, now Canada’s second-largest trading partner
China wants more of Canada’s minerals, lumber and oil and gas. It wants to be able to deploy some more of its USD3 trillion in the Great White North. Trade between Canada and China grew by 30 percent in 2010 and is up 31.7 percent to date in 2011
Australia, for its part, was able to avoid sliding into recession while the rest of the world contracted from 2007 to 2009, largely because of its robust trading relationship with China. Simply by proximity and the fact of its large store of coal and iron, Australia is benefitting from still-strong demand from emerging Asia. Unemployment in Oz is just 5.1 percent. There are already USD400 billion worth of resource projects planned over the next five years, which will continue to drive growth in mineral-rich regions such as Western Australia.
Canada and Australia--rich in resources, fiscally stable, politically predictable--are home to abundant high-dividend-paying opportunities
Si le prix médian des maisons reste, comme l'an dernier, à 300.000 euros pour l'ensemble des communes bruxelloises, il a chuté de 26,4 % à Bruxelles-Ville et de 14,5 % à Woluwe-Saint-Pierre, mais progressé de 21,4 % à Forest.
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