Financial News From the Wire
Associated Press/AP Online2009-11-19WASHINGTON - Treasury Secretary Timothy Geithner said Thursday the government's $700 billion bailout program will end"as soon as we can,"and that part of it will be used to lower the record deficit.
Associated Press/AP Online2009-11-19WASHINGTON - A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery.
Associated Press/AP Online2009-11-17Oil prices wavered on Tuesday as a rising dollar kept crude from moving higher, as fresh economic data gave mixed signals on whether demand for oil will increase.- Associated Press/AP Online2009-11-17MIAMI - More than 14,700 U.S. taxpayers came forward to disclose billions in offshore bank accounts in 70 countries under a voluntary Internal Revenue Service program allowing most to avoid criminal prosecution as long as they pay what they owe, IRS officials said Tuesday.
Associated Press/AP Online2009-11-17WASHINGTON - Factory production declined in October, signaling that consumers and businesses remain cautious in their spending and suggesting a sluggish economic recovery.
Associated Press/AP Online2009-11-16NEW YORK - Investors kept the stock market's upward momentum going Monday, sending shares sharply higher after retail sales rebounded more than expected in October and the dollar extended its slide.
Associated Press/AP Online2009-11-16WASHINGTON - Federal Reserve Chairman Ben Bernanke on Monday said the central bank will monitor the sliding U.S. dollar but pledged anew to keep interest rates at record-lows to nurture the economic recovery.
Associated Press/AP Online2009-11-16The company also said it will begin repaying $6.7 billion in U.S. government loans with a $1.2 billion payment in December.- Associated Press/AP Online2009-11-16Gasoline prices remained near their highs for the year on Monday as a weaker dollar and rising global stock markets boosted oil prices.
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Financial Feeds
CNBC Top News and Analysis
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Investors will take in a heavy helping of economic reports in the shortened holiday week, but the main course remains the dollar.Fri, 20 Nov 2009 23:33 GMT
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The Big Picture
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November 20, 2009 By John Mauldin Where the Wild Things Are It Is Not Just Japan The Euro-Yen Cross and the Dollar Carry Trade New York, London, and Switzerland From ghoulies and ghosties And long-leggedy beasties And things that go bump in the night, Good Lord, deliver us! –Old Scottish Prayer Where the Wild Things Are is a beloved children’s book and now a beautiful movie. [...]Sat, 21 Nov 2009 12:16:07 +0000
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I will be incommunicado today, winging my way back from Berlin for 8 und eh heff hours. I wrote this back in 2005, but never published it widely. Enjoy: > What sort of crap do you have lurking hidden on your iPod? That’s the question I stumbled across from my old essays & effluvia blog. It was [...]Fri, 20 Nov 2009 22:00:11 +0000
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Most investors know that the S&P 500 hit a record high in October 2007 and a (the?) low in March of this year. But when you break it down by sector, things are a bit more complicated. Otherwise, for those who are wondering whether there is more upside ahead, the fact that four groups — telecom services, financials, [...]Fri, 20 Nov 2009 19:02:38 +0000
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> Some good learnin’ here: This web site stems from a personal interest in critical thinking and is a collection of links to articles and sites pertaining to numeracy and critical thinking. Links should be good for at least the date posted. After the posting date, link reliability depends on the policy of the linked sites. Some [...]Fri, 20 Nov 2009 18:30:43 +0000
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The WSJ’s Greg Zuckerman has a new book out titled, The Greatest Trade Ever: The Behind-the-Scenes Story of How John Paulson Defied Wall Street and Made Financial History. Here is an excerpt from his recent WSJ column on lessons on the subject: 1 Don’t Rely on the Experts Many investors lost big in 2007 and 2008 as housing [...]Fri, 20 Nov 2009 15:30:22 +0000
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The Quote of the Day comes to us via Bloomberg’s Alice Schroeder: “We’re in the midst of a deflationary trend that is temporarily being masked by inventory restocking and free lunches like Cash for Clunkers. Consumers are done with borrowing. They’ll keep refueling the deflation by going through their attics and garages to find stuff they [...]Fri, 20 Nov 2009 15:30:18 +0000
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> Jim has run Bianco Research out of Chicago since November 1990. He has been producing fixed income commentaries with a circulation of hundreds of portfolio managers and traders. Jim’s commentaries have a special emphasis on: money flow characteristics of primary dealers, mutual funds, hedge funds, futures traders, banks, and institutional investors. ~~~ It’s All About [...]Fri, 20 Nov 2009 15:00:15 +0000
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Asian currencies continue to sell off vs the $ on the heels of the news yesterday that South Korea said they will look into hot money inflows stemming from the $ carry trade and the Bank of Indonesia said they are looking into the foreign buying of bills. This follows the news a few weeks [...]Fri, 20 Nov 2009 13:11:00 +0000
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OK, it’s not quite the “magazine cover indicator”… …but surely this must be telling us something about the gold market (lol)? Hat tip LOLFed Source: Cats for Gold http://www.catsforgold.com/Thu, 19 Nov 2009 23:30:57 +0000
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There are so many thing here that require an ass whupping I just don’t know where to begin: • Why is there even such a thing as a Microsoft Store? • Is this an example of their innovation? • Why is the staff being forced to clap rhythmically — did they all do something wrong? Is this how [...]Thu, 19 Nov 2009 23:15:40 +0000