Recent Posts Tagged With 'Economy'

• Moody’s, Central Bankers Concerned With Banks

  Posted on Thursday October 29th, 2009 at 10:28 in depression, dollar, housing, Interest rates, Economy, discussion, inflation, gdp, recession, us dollar, bank of england, economic indicators

  As the FDIC continues shuttering U.S. banks, ominous signals are coming from Central Banks around the world and from Moody’s Investor Services.  The timely release of this information seems to support the legislative reform proposed by Representat...

• Bair’s FDIC – 106 Banks Down, 400 To Go!

  Posted on Tuesday October 27th, 2009 at 10:02 in depression, dollar, housing, gold, Interest rates, Economy, discussion, currency trading, inflation, unemployment, recession, us dollar

  Straight-talking, fast shooting and true to her word, FDIC gunslinger Sheila Bair pulled the trigger on seven more banks over the weekend.  The closings raised her agency’s annual total to 106 banks shuttered in 2009.  In August, the understaffed...

• FX Market: British Pound Rises To Monthly High

  Posted on Wednesday October 21st, 2009 at 08:47 in Economy, us dollar, economic indicators, british pound

  Setting a triumphant tone against both the U.S. dollar and the Euro, the British pound gained significantly in the overnight over speculation of – yep, you guessed it, interest rates.  Although there is plenty of evidence of short covering from th...

• Goldman Cannot Sustain Rally

  Posted on Thursday October 15th, 2009 at 14:31 in depression, dollar, housing, forex, Interest rates, Economy, discussion, currency trading, inflation, unemployment, recession, us dollar

  Equity investors expected Goldman Sachs to perform well.  The venerable investment bank did not disappoint.  Meanwhile, Citigroup’s loss was less than expected, but failed to fuel a further DOW Jones rally as equities slipped under the esteemed 1...

• Sheila Bair Speaks Out

  Posted on Thursday October 15th, 2009 at 07:05 in depression, dollar, housing, Interest rates, Economy, discussion, currency trading, euro, inflation, unemployment, gdp, recession

  Soft-spoken Kansas native and tough-minded Chairman of the FDIC, Sheila Bair, is gaining a reputation on Capitol Hill.  Unlike her fellow Treasury and Federal Reserve regulators, her strongly asserted positions do not reflect any political agenda. ...

• 6,600 Foreclosures Per Day

  Posted on Thursday October 8th, 2009 at 12:54 in depression, housing, Interest rates, Economy, discussion, currency trading, inflation, unemployment, gdp, recession, us dollar, bank of england

  For months the National Association of Realtors (NAR) has done its best to put forth a positive message about the housing crisis.  During this time, the NAR has reported increased sales and improving home values.  The Center for Responsible Lending...

• Is The U.S. Dollar Under Attack?

  Posted on Tuesday October 6th, 2009 at 18:18 in depression, dollar, Interest rates, Economy, currency trading, euro, forex market, gdp, recession, us dollar, gbp usd, australian dollar

  Britain’s newspaper, The Independent, reported on Tuesday that Gulf Arab states, Japan, Russia, China and France were negotiating behind the scenes to replace the U.S. dollar with a basket of currencies in future oil trades.  Citing unnamed Gulf A...

• Will Unemployment Hit 15%?

  Posted on Friday October 2nd, 2009 at 10:49 in depression, housing, Interest rates, Economy, discussion, currency trading, inflation, gdp, recession, us dollar, retail sales, economic indicators

  The hammer fell Friday morning when the Labor Department’s Non-Farm Payroll was released showing another 263,000 jobs trimmed from the U.S. workforce.  Unemployment is now stated at 9.8%.  Most analysts feel the rate is significantly understated ...

• Why The FDIC is Nearly Depleted

  Posted on Tuesday September 29th, 2009 at 10:36 in depression, housing, Interest rates, Economy, discussion, inflation, unemployment, gdp, recession, us dollar, economic indicators, consumer confidence

  FDIC Chairman Sheila Bair is the tough-minded, fiercely independent advocate of the Federal Deposit Insurance Corp.  Sheila Bair does not mince words.  Bair makes decisive moves and backs them up with tough policy. Under her tenure the FDIC has se...

• Has Growth Returned to US Economy?

  Posted on Thursday September 24th, 2009 at 11:37 in depression, housing, Interest rates, Economy, Germany, discussion, currency trading, euro, forex market, inflation, unemployment, gdp

  On Wednesday, the U.S. Federal Reserve said that growth had returned to the U.S. economy.  With congressional leaders and the Obama Administration locked in heated debates regarding health care and the War in Afghanistan, some of the momentum for fi...

• Decisive Leadership Lacking At the G20

  Posted on Thursday September 24th, 2009 at 11:31 in depression, housing, gold, Interest rates, Economy, discussion, currency trading, euro, forex market, inflation, unemployment, gdp

  Later today the G20 officially convenes but indications are that momentum on three key fronts is conflicted.  At a time when give-and-take progress is necessary, the world’s economic leaders seem unable or unwilling to assert decisive leadership t...

• Pound Faces Choppy Trading as Traders Disect BOE Minutes

  Posted on Wednesday September 23rd, 2009 at 01:28 in Economy, pmi, currency trading, euro, manufacturing, us dollar, bank of england, economic indicators, british pound, new zealand dollar, gross domestic product, china central bank

  The release of minutes from this month’s Bank of England monetary policy meeting headline the economic calendar in European hours. The announcement itself produced no surprises with interest rates left at 0.5% and the magnitude of quantitative easi...

• How Will the Dollar React to the G20?

  Posted on Tuesday September 22nd, 2009 at 10:10 in depression, dollar, housing, forex, Interest rates, Economy, discussion, currency trading, euro, forex market, unemployment, crude oil

  The dollar slid quickly in overnight trading as investors awaited today’s decisions from the Federal Reserve and the upcoming G20 summit in Pittsburgh.  Meanwhile, equity markets surged and oil edged up after a slight trimming in Monday trading. T...

• Sheila Bair & FDIC Stand Alone

  Posted on Tuesday September 22nd, 2009 at 10:06 in depression, housing, Interest rates, Economy, discussion, currency trading, euro, inflation, unemployment, gdp, recession, us dollar

  The FDIC To Go It Alone Tough-minded FDIC Chairperson, Sheila Bair, has her own visions of the recession and the trajectory of the recovery.  Her views rarely coincide with Treasury Secretary Timothy Geithner or Federal Reserve Chair Ben Bernanke. ...

• G20 Summit in Pittsburgh Critical to Recovery

  Posted on Friday September 18th, 2009 at 12:03 in depression, housing, forex, Interest rates, Economy, Germany, discussion, euro, inflation, unemployment, gdp, recession

  The September 24-25 G20 Summit in Pittsburgh must be more productive than the last meeting in London and may well determine the shape and depth of the recovery from the world’s deepest recession.  Leaders are positioning themselves to lay out thei...

• The New U Recovery

  Posted on Thursday September 17th, 2009 at 14:43 in depression, housing, Interest rates, Economy, discussion, inflation, unemployment, gdp, recession, us dollar, ecb, bank of england

  Okay, the recovery will not be “V” shaped.  It may not be “W” shaped, so today’s media experts now refer to the recovery as “U” shaped, even if it is an extended “U.”  Well, one thing is for sure, the longer this recession-recover...

• Euro, Franc Eyed as SNB Announces Currency Policy

  Posted on Thursday September 17th, 2009 at 01:54 in Interest rates, Economy, currency trading, euro, manufacturing, unemployment, imports, intervention, exports, trade balance, retail sales, economic indicators

  The Swiss Franc may see volatility late into the European session as the Swiss National Bank makes their quarterly monetary policy announcement, including an update on their policy of intervention into the currency market to prevent the appreciation ...

• GBPUSD: Selling May Accelerate as Unemployment Hits 12-Year High

  Posted on Wednesday September 16th, 2009 at 01:11 in Interest rates, Economy, currency trading, euro, inflation, unemployment, australian dollar, retail sales, consumer price index, economic indicators, deflation, british pound

  The UK labor market is likely to show continued weakness as Jobless Claims rise by 25,000 in August, pushing the unemployment rate (known in the UK as the Claimant Count) to a 12-year high at 5.0%. More of the same is expected going forward: a survey...

• On Wall Street – Change is Coming

  Posted on Tuesday September 15th, 2009 at 08:35 in depression, housing, Interest rates, Economy, discussion, inflation, unemployment, gdp, recession, us dollar, bank of england, trade balance

  Embroiled in the political turmoil surrounding a national health care initiative and with an economic recovery seemingly underway, the Obama Administration appeared to have moved its cry for investment regulation to a back burner.  On Monday, Presid...

• Forex European Preview 09.14.2009

  Posted on Monday September 14th, 2009 at 00:25 in Economy, currency trading, us dollar, economic indicators, british pound, other currencies, investments and trades

  The annualized pace of contraction in Switzerland’s Producer and Import Prices is expected to have slowed to -5.5% in August from the record-low -6.1% set in July. The outcome follows a similar moderation in consumer prices during the same period a...

• Geithner Impressive

  Posted on Friday September 11th, 2009 at 12:43 in depression, housing, Interest rates, Economy, discussion, inflation, unemployment, gdp, recession, us dollar, trade balance, retail sales

  For many Americans, Secretary Geithner’s performance in heated Senate debates one year ago was less than inspiring.  In fact, it was unnerving and caused stock markets to tumble and countless cries for his replacement.  Many felt the Secretary se...

• American Consumer Retreats

  Posted on Wednesday September 9th, 2009 at 10:02 in depression, housing, Interest rates, Economy, discussion, inflation, unemployment, gdp, recession, retail sales, economic indicators, consumer confidence

  For all those who believed the tireless American consumer would lead the country and the globe from the depths of the recession, guess again.  In the face of a conservatively stated 9.7% unemployment rate, the American consumer is not buying the rec...

• Forex European Preview 09.07.2009

  Posted on Monday September 7th, 2009 at 01:21 in Economy, currency trading, euro, house prices, economic indicators, stimulus, g20, investor confidence, euro zone, investments and trades

  The Euro Zone Sentix Investor Confidence indicator is expected to print at -13.7 in September, showing pessimists outnumber optimists by the narrowest margin since in 14 months. The metric hit a record low in March and has tracked European equities h...

• Forex European Preview 09.04.2009

  Posted on Friday September 4th, 2009 at 00:22 in Economy, currency trading, euro, unemployment, european commission, us dollar, ecb, capital spending, nfp, us jobs, economic indicators, european central bank

  Switzerland’s Consumer Price Index is set to show continuing deflation as prices shrink -0.7% in the year to August, marking the fifth consecutive month in negative territory. As we noted earlier this week, the danger is that steadily lower CPI wil...

• The Federal Reserve - Wait & See?

  Posted on Thursday September 3rd, 2009 at 11:17 in depression, dollar, housing, Interest rates, Economy, discussion, euro, inflation, unemployment, gdp, recession, us dollar

  The Federal Reserve governors appear divided about the meaning of certain economic trends.  The Fed’s August 11-12 policy session was optimistic but tempered with caution.  The minutes of the meeting indicated that Reserve members felt the ri...

• Forex European Preview 09.03.2009

  Posted on Thursday September 3rd, 2009 at 01:24 in Economy, euro, australian dollar, economic indicators, british pound

  The European Central Bank will take center stage in the coming trading session, with Jean-Claude Trichet and company expected to keep interest rates unchanged at 1% for the fourth consecutive month. The announcement’s market-moving potential rests ...

• Forex European Preview 09.02.2009

  Posted on Wednesday September 2nd, 2009 at 00:02 in investment, Economy, currency trading, euro, economic growth, consumption, australian dollar, economic indicators, british pound, gross domestic product, stimulus plan, purchasing managers index

  The second revision of the Euro Zone’s Gross Domestic Product is set to confirm that the economy shrank -0.1% in the second quarter. The annual pace of contraction is expected to be revised slightly higher from -4.6% to -4.7%, but this is unlikely ...

• More Mixed Messages

  Posted on Tuesday September 1st, 2009 at 10:58 in depression, housing, Interest rates, Economy, discussion, gdp, us dollar, bailout, retail sales, consumer confidence, stimulus, stimulus plan

  Nervous analysts continue to struggle with the data released concerning a host of powerful indicators.  The trajectory of a recovery seems muddled as one positive piece of news is soon diminished by a negative counter-report.  The much anticipated ...

• Forex European Preview 09.01.2009

  Posted on Tuesday September 1st, 2009 at 01:42 in Interest rates, Economy, currency trading, euro, unemployment, monetary policy, economic growth, imports, recession, exports, australian dollar, retail sales

  Switzerland’s Gross Domestic Product is expected to shrink 1% in the three months to June, marking the fourth consecutive quarter in negative territory and revealing the economy is now contracting at an annual pace of 3%, the fastest in at least 34...

• Forex European Preview 08.31.2009

  Posted on Monday August 31st, 2009 at 00:39 in credit, Economy, election, currency trading, euro, inflation, industrial production, lending, profits, australian dollar, consumer price index, economic indicators

  A preliminary estimate of the Euro Zone Consumer Price Index is expected to show that inflation fell at an annual pace of -0.3% in August, a slight improvement over the -0.7% result registered in the previous month. Still, the bottom line is that pri...