Thursday, September 2, 2010

Daily Markets - Subzidizing The Unemployed

Daily Markets - Subzidizing The Unemployed


Subzidizing The Unemployed

Posted: 02 Sep 2010 03:14 AM PDT

Debating whether subsidizing unemployment will create more of it, with Robert Reich, former Labor Secretary, and Robert Barro of Harvard … [visit site to read more]


Roubini: No Chance Of A V-shaped Recovery

Posted: 02 Sep 2010 03:05 AM PDT

The report below comes courtesy of Nouriel Roubini's team of analysts at RGE, taking a look at some recent monetary policy trends in advanced economies. This content is excerpted from a longer piece, "Global Monetary Policy Review," which includes in-depth analysis of when the world's emerging markets might shift interest rate strategy. However, the longer piece is available only on a subscription basis.
"The curtain has opened on Act Two of our "Year of Two Halves"—RGE's … [visit site to read more]


Laugh Out Aloud: A Two-teared Economy …

Posted: 02 Sep 2010 03:01 AM PDT

Taylor’s Rule Points To Another Rate Cut

Posted: 02 Sep 2010 02:58 AM PDT

By Cees Bruggemans, Chief Economist of … [visit site to read more]


Forex Trading: Eurozone PPI And Revised GDP

Posted: 02 Sep 2010 02:21 AM PDT

The market was unchanged after Eurozone PPI (m/m) and revised GDP (q/q) both came in as expected with PPI reading 0.2% and GDP reading … [visit site to read more]


How Far Will $4,000 A Month Stretch For A Family Of Four In America Today?

Posted: 02 Sep 2010 02:01 AM PDT

When I was growing up, $50,000 sounded like a gigantic mountain of money to me.  And it was actually a very significant amount of money in those days.  But in 2010 it just does not go that far.  Today, the median household income in the United States for a year is approximately $50,000.  About half of all American households make more than that, and about half of all American households make less than that.  So if your family brings in $50,000 this year that would put you about right … [visit site to read more]


US Stock Market Conditions Ripe For Bulls To Stage A Rally

Posted: 02 Sep 2010 12:01 AM PDT

Early September is very important for the financial markets; especially for the bulls. Numerous elements are in place for a rally to take hold now. The markets have been weak and the bears have been in control. If the bulls cannot make a stand soon, it will be a bad sign for risk assets. The good news for the bulls is several factors, across numerous markets and asset classes, are pointing to a possible rally in risk assets:

Bearish sentiment is high at the moment. Sentiment, … [visit site to read more]


Crude Oil Weighed By Inventories, Gold Stalls As Equity Markets Rally

Posted: 01 Sep 2010 11:51 PM PDT

Commodities – Energy
Crude Oil Weighed by Inventories
Crude Oil (WTI) - $73.70 // $0.21 // 0.28%
Commentary: Crude oil reversed a large part of Tuesday's losses on Wednesday, but the commodity remains notably below the recent $75.58 high registered on Monday. One would have expected more from crude oil given the enormous 3% rally in U.S. equity markets, but yet another bearish inventory report kept a lid on prices. U.S. oil inventories are going through the roof, and while a large part of … [visit site to read more]


Forex Trading: Riskier Currencies Mute Gains In Overnight Trading

Posted: 01 Sep 2010 10:49 PM PDT

Riskier Currencies Mute Gains in Overnight Trading
Currencies like the euro and UK pound muted gains made yesterday as investors appear to be waiting on a batch of economic data set to be released later today. Signs that the global economic recovery is speeding up may be reinforced today as the UK, euro zone and US are all forecasted to release significant news. Traders can expect major market volatility today, and excellent opportunities to increase profits.
Economic News
USD - After Dramatic … [visit site to read more]


US Dollar Gets Crushed As Stock Markets Rally

Posted: 01 Sep 2010 09:54 PM PDT

Equities:
Global equity markets got a boost from economic data from China which showed economic growth is continuing on track. Japan’s Nikkei 225 Average advanced 103pts to close at 8,927. Equity buying continued into the second session with FTSE 100 jumping2.70% to 5,366 while the Stoxx Europe 50 earned 2.62% to retake the 2,500 level by 13pts. U.S equity traders were strong buyer as the ISM Manufacturing Data smartly beat analysts expectations. The Dow Jones Industrial Average popped … [visit site to read more]


US Stock Market: Sell Into Rally Or Buy Aggressively?

Posted: 01 Sep 2010 09:50 PM PDT

The bulls were looking for a reason to buy at these low levels and today provided that oversold opportunity.  China PMI came in slightly better than expected and that was a big relief to most concerned over the continuous soft data we have seen recently.  The bulls gapped-up on this news only to see better-than-expected ISM index numbers, which fueled another leg up on the day.

The bulls were able to shrug off the terrible ADP employment numbers as well, which was encouraging.  … [visit site to read more]


Three Real Estate ETFs Worth A Look

Posted: 01 Sep 2010 09:17 PM PDT

Despite woes in residential real estate, the commercial real estate sector appears to be showing signs of stabilization shinning a light on the iShares Dow Jones US Real Estate (IYR), the Vanguard REIT ETF (VNQ) and the iShares Cohen & Steers Realty Majors (ICF) .
In the month of July, vacancies in apartment buildings, office complexes, retails malls and self-storage facilities showed no significant signs of rising indicating that the sector could be starting to stabilize.  … [visit site to read more]


Crude Oil Inventories Watch: Week Ending 08/27/2010

Posted: 01 Sep 2010 08:51 PM PDT

Inventories
The Department of Energy reported that in the week ending August 27th, 2010, U.S. crude oil increased by 3.4 million barrels, gasoline inventories decreased by 0.2 million barrels, distillate inventories decreased by 0.7 million barrels, and total petroleum inventories increased by 4.0 million barrels.

Total petroleum inventories moved further into multi-decade high territory. The surplus now stands at 105.395 million, or 10.2% above the 5-year average, up from 9.2% in the prior … [visit site to read more]


Aug. State Tax Revnues Booming: What Double-DIp?

Posted: 01 Sep 2010 08:13 PM PDT

1. Mississippi Tax Collections Beat Expectations in August

2. Kansas Taxes in August $38M More Than Expected

3. Pennsylvania Sees Signs of Growth in Its August Tax Collections

4. Maine Tax Revenue Bounces Back in August

5. Arkansas Governor Says State’s Finances Looking Better

6. Aug. Tax Revenue Collections Increase in West Virginia

7. Iowa: State Revenues Rosier Than … [visit site to read more]


Another Installment Of ‘Scenes From A V-Shaped Recovery’

Posted: 01 Sep 2010 05:23 PM PDT

In honor of today’s single-positive-data-point-driven-triple-digit rally, I thought it would be a perfect time for another installment of “Scenes from a V-Shaped Recovery”:
“Financial Depression Spreads Among Seniors” (Blacklisted News)
President Obama has U.S. taxpayers paying billions to meet the costly payrolls of 50,000 troops and 190,000 contractors in Iraq while 20-million-plus jobless are looking for work in USA and can’t find it.
Among the hardest hit now are more than 2-million … [visit site to read more]


Aug. Online Ads Increase By 1 Million Vs. Apr. 2009

Posted: 01 Sep 2010 05:11 PM PDT

“Online advertised vacancies dropped 57,100 in August to 4,236,200, following an increase of 139,200 in July, according to The Conference Board Help Wanted OnLine (HWOL) Data Series released today. The gap between the number of unemployed and advertised vacancies (supply/demand rate) stood at 3.40 unemployed for every advertised vacancy in July (the last available unemployment data) but is down from its peak of 4.73 in October 2009.”

"Labor demand continues to struggle to post gains month … [visit site to read more]


A Surge In Market Optimism Sweeps Oil Higher, Tempers Gold’s Advance

Posted: 01 Sep 2010 01:01 PM PDT

North American Commodity Update
Commodities - Energy
A Spark of Risk Appetite Throttles Oil Through Bloating Inventories, Questionable Data
Crude Oil (LS Nymex) - $73.99 // $2.07 // 2.88%
There was a blatant surge in investor sentiment across the capital markets Monday; and crude would certainly catch the bug of risk appetite. The nearly 3 percent rally from US-based oil was the biggest rally seen since the exhaustion of a month-long bull trend back on August 2nd. That being said, the rally … [visit site to read more]


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