May, 2011
More Venting From An Old Trader
Half of 2011 is gone and the economic picture is still very confusing and troubling. Today, S&P/Case-Schiller home price index showed that home prices have fallen to the levels from middle-2002. The Consumer Confidence Index also dropped to 60.8 from April’s reading of 66. Meanwhile, the Euro/USD rallied to around 1.44 with the news of [...]
Random Venting from an Average Guy
The initial claims number released this morning was 424,000, an increased of 10,000 from the previous week’s revised number of 414,000. According to the Bureau of Labor Statistics’ April household survey data, the number of unemployed was 13.7 million and the number of non-farm payroll jobs rose by 244,000.
Gold
Gold has taken on multiple-personalities recently. Historically, gold has been an inflation hedge and a flight to safety. Lately, gold has also taken on the role as a currency of its own. We have seen gold rally to a historic high, above $1,500, as the greenback continues to lose its value. With the tensions of [...]
Top News
- Bernanke signals Fed to maintain stimulus efforts May 22, 2013WASHINGTON (AP) — Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs. […]
- Analysis: As economy strengthens, a bonds sell-off may beckon May 22, 2013By Ellen Freilich NEW YORK (Reuters) - The U.S. government bond market has weakened in recent weeks but some investment strategists fear that this may only be the beginning of an extended sell-off. They point to the relative strength of the U.S. economy with the labor market stronger than anticipated, retail sales rising and consumer sentiment climbing to it […]
- EU leaders discuss fight against tax evasion May 22, 2013BRUSSELS (AP) — European Union leaders on Wednesday sought to advance their fight against tax fraud and close the loopholes for large corporations' tax avoidance schemes. […]
- Fiat Industrial says 500 million euro tax loss reports false May 22, 2013MILAN (Reuters) - Italy-based truck and tractor maker Fiat Industrial said reports that Italy would lose more than 500 million euros in tax receipts as a result of its moving fiscal domicile to the UK after a merger with unit CNH were absolutely false. According to U.S. stock exchange regulatory filings dated May 14, Fiat Industrial aims to be treated as a U […]
- Boeing expects 787 battery retrofits done by next week May 22, 2013WASHINGTON (Reuters) - Boeing Co is 90 percent finished with retrofits of the battery system on its 787 Dreamliner and should finish the rest by next week, Ray Conner, president of the company's commercial airplane division, told an investor conference on Wednesday. Conner told the conference he saw "great momentum" on the 787 program, after o […]