Tuesday, March 1, 2011

DailyMarkets.com - Thomas Sowell: Freedom And Democracy Can Not Be Taken For Granted

DailyMarkets.com - Thomas Sowell: Freedom And Democracy Can Not Be Taken For Granted

Thomas Sowell: Freedom And Democracy Can Not Be Taken For Granted

Posted: 01 Mar 2011 06:14 PM PST

America needs more men like Thomas Sowell.
A regular reader of Sense on Cents brought Thomas Sowell to my attention a few months back. Sowell was born in North Carolina and moved to Harlem at the age of nine. His personal story is beyond inspirational. I commend it to anybody looking for evidence of how to succeed in the face of real odds.
America should embrace and elevate Thomas Sowell and his work. I am happy to do just that today. Sowell knows a thing or two about real freedom and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Unappetizing Outlook For Jollibee Foods Corporation (JFC)

Posted: 01 Mar 2011 05:27 PM PST

Most Filipino kids love the food, especially the Chicken Joy, at Jollibee. While the children in general love it, its owners, the shareholders, might not feel the same in the near future. Let me tell you why.
Well, from a technical point of view, the shares of Jollibee Foods Corporation or JFC in the Philippine Stock Exchange could face some more downside. As you can see from its daily chart above, JFC had broken down from a head and shoulders pattern and its 200-day moving average when it made … [visit site to read more] or compare Best Credit Cards and Best CD Rates

BUY ANO – $1.34

Posted: 01 Mar 2011 05:22 PM PST

I made just one purchase today.  This is a daily chart of Anooraq Resources (ANO) which I bought for $1.34.  Platinum has rebounded considerably since it got slugged in the gut a week ago – yet curiously the platinum mining stocks have lagged.  Perhaps not for long, I hope.

Click on the chart to ENLARGE

This chart does have a nice trend line break on both the True Strength Index (TSI) and Money Flow Index (MFI) indicator.

My TSI Trading record has been updated.

The page … [visit site to read more] or compare Best Credit Cards and Best CD Rates

How Democrats Can Become Relevant Again (And Rescue The Nation While They’re At It)

Posted: 01 Mar 2011 05:14 PM PST

Republicans offered Democrats two more weeks before doomsday. Democrats countered with four. Republicans held their ground. Democrats agreed to two.
This is what passes for compromise in our nation's capital.
Democrats have become irrelevant. If they want to become relevant again they have to connect the dots: The explosion of income and wealth among America's super-rich, the dramatic drop in their tax rates, consequential devastating budget squeezes in Washington and in state capitols, and … [visit site to read more] or compare Best Credit Cards and Best CD Rates

27% Increase In Feb. Car Sales, Highest Since 1988

Posted: 01 Mar 2011 04:58 PM PST

Led by huge year-over-year sales gains from GM (+46.4%) and Toyota (+41.8%), U.S. auto sales increased in February by 27.3% compared to the same month last year, which is the highest annual gain in 23 years for auto sales, since a 29.7% increase in January 1988 9see bottom chart).  Except for the artificial increase in August 2009 due to “cash for clunkers,” the 13.44 million units sold last month (at a seasonally adjusted annual rate) was the best month for car sales since August 2008, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

W.R. Berkley Ramps Buyback

Posted: 01 Mar 2011 03:55 PM PST

Yesterday, property and casualty insurer W.R. Berkley Corp. (NYSE:WRB) announced an increase in repurchase authorization to 10 million shares. The increased authorization represents nearly 7% of the company's 155.1 million outstanding shares as of December 31, 2010.
Buybacks let companies boost per-share profits by reducing their equity base and  indicates that the executives find their stock undervalued. 
Berkley has been aggressively repurchasing shares. From 2008 to 2010, the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Merge Reverts To Neutral

Posted: 01 Mar 2011 03:55 PM PST

Recently, we downgraded Merge Healthcare (NASDAQ:MRGE) to Neutral with a target price of $5.25.
Merge reported an adjusted EPS of 4 cents in the fourth quarter of fiscal 2010, consistent with the year-ago period, although missing the Zacks Consensus Estimate by a penny. For the full year, adjusted EPS came in at 10 cents, missing the Zacks Consensus Estimate by a penny. Adjusted EPS in the previous year was 22 cents.
Revenues came in at $46.2 million in the quarter, up 139.4% from $19.3 million in … [visit site to read more] or compare Best Credit Cards and Best CD Rates

US Auto Sales Spike In February

Posted: 01 Mar 2011 03:55 PM PST

03/01/11 US automakers posted a surge in vehicle sales for February. The largest automakers saw combined sales of over … [visit site to read more] or compare Best Credit Cards and Best CD Rates

The Day Ahead: Fed’s Beige Book, ADP Employment Report, Bernanke’s Testimony

Posted: 01 Mar 2011 10:50 AM PST

03/01/11 The stories, data, and stocks that may have the greatest impact during the next trading … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – NZD/USD Down In Asian Trade

Posted: 01 Mar 2011 03:50 PM PST

Forex Pros – The New Zealand Dollar was lower against the U.S. Dollar on Tuesday.

NZD/USD was trading at 0.7470, down 0.03% at time of writing.

The pair was likely to find support at 0.7430, Thursday's low, and resistance at 0.7554, Monday's high.

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.06% to hit 1.3568 and EUR/NZD falling 0.02% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

AES Corp To Divest Eastern Energy

Posted: 01 Mar 2011 03:35 PM PST

AES Corporation (NYSE:AES) will dispose its AES Eastern Energy, operating four coal- fired plants in New York, according to sources. These plants sell power under short-term contracts.
The four coal−fired plants − Cayuga, Greenidge, Somerset and Westover − have a generation capacity of 1,169 megawatts. In its earrings conference call, AES Corporation stated that AES Energy recorded an impairment charge of $827 million attributable to lower power prices, prospects for lower prices and a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earnings Preview: Kroger

Posted: 01 Mar 2011 03:35 PM PST

The Kroger Company (NYSE:KR), one of the largest grocery retailers, is slated to report its fourth-quarter 2010 financial results on March 3, 2011. The current Zacks Consensus Estimate for the quarter is 44 cents a share. For the quarter under review, revenue is $19,318 million, according to the Zacks Consensus Estimate.
Third-Quarter 2010, a Synopsis
Kroger's quarterly earnings of 32 cents a share came in line with the Zacks Consensus Estimate, and jumped 18.5% from 27 cents delivered in the … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Is The Market Entering The Bermuda Triangle?

Posted: 01 Mar 2011 03:17 PM PST

Cusick's Corner
Buck bounces after Bernanke's testimony and Oil pulls back from $100. This market is entering what I might refer to as the Bermuda Triangle — moderate volatility, 50/50 short-term sentiment, Put/Call Ratio 1.074 (OEX). Front month volatility, as measured by VIX, is currently 20.31 and just below the median of the index at 21.41. My experience is that when volatility is at these levels you have two potential choices, sell the underlying or buy the underlying outright. If … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Navy Contract For General Dynamics

Posted: 01 Mar 2011 03:10 PM PST

General Dynamics Corp. (NYSE:GD) received a $78.4 million multiple-award U.S. Navy contract, with a potential value of $204 million over five years if all options are exercised. General Dynamics is one of the four companies to win the contract awarded by the Space and Naval Warfare Systems Center Pacific, San Diego, California.
Under the contract, General Dynamics will study the U.S. Navy's cyberspace systems. The contract entails inspection of science, architecture, engineering, functionality, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

TAM’s 4Q Results Exceed Consensus

Posted: 01 Mar 2011 03:05 PM PST

On February 27, TAM S.A. (NYSE:TAM) reported its financial results for the fourth quarter and fiscal year 2010. Fourth quarter results were impressive as adjusted operating revenues increased by 29.1% year over year and net income rose by 7.9%.
TAM reported adjusted net income of R$150.6 million in the fourth quarter (US$89.1 million), up 7.9% year over year but down 48.8% sequentially. Adjusted earnings per share increased by 3.9% year over year but fell 50.6% sequentially to R$1.00 (59 cents per … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disappointment In Store For Salix

Posted: 01 Mar 2011 03:05 PM PST

Shares of Salix Pharmaceuticals, Ltd. (NASDAQ:SLXP) slumped more than 23% when the company announced that it expects the US Food and Drug Administration (FDA) to issue a complete response letter (CRL) for the company's supplemental New Drug Application (sNDA) for Xifaxan (rifaximin) 550 mg. Salix is looking to get Xifaxan 550 mg approved for the treatment of non-constipation irritable bowel syndrome (non-C IBS) and IBS-related bloating.
Announcement Based on Conversation with the FDA
Salix' … [visit site to read more] or compare Best Credit Cards and Best CD Rates

St. Jude Initiates Dividend

Posted: 01 Mar 2011 03:05 PM PST

Good news for St. Jude Medical's (NYSE:STJ) investors as its Board has approved the commencement of a regular quarterly cash dividend. The move is based on the company's growth prospects, product pipeline, solid balance sheet, healthy free cash flows and earnings power.
The Minnesota-based medical devices major will pay the initial quarterly dividend of 21 cents a share on Apr 29, 2011, to shareholders of record as on Mar 31, 2011. Annualized, this equates to a payout of 84 cents, translating … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Four Trade Ideas For Wednesday, March 02

Posted: 01 Mar 2011 03:00 PM PST

 ( click to enlarge )

Technical analysis outlook for Las Vegas Sands Corp. (NYSE:LVS) remain bearish. Both stochastic analysis and MACD charts are flashing bearish outlook for the stock. The near-term outlook is negative and a move to the $41.30-42.80 range appears likely. Only a break above $46.82 would reinstate bullishness.

 ( click to enlarge )

From the technical analysis perspective, the outlook for American International Group, Inc. (NYSE:AIG) is relatively bearish. Stochastic, … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DOW To Invest $100 Million

Posted: 01 Mar 2011 02:25 PM PST

Chemical giant The Dow Chemical Company (NYSE:DOW) intends to invest $100 million in its internally pitched projects to reduce greenhouse gas (GHG) emissions and improve energy efficiency.
Dow will choose from a group of 60 proposals that have been submitted by its various business units. Taken together, the 60 projects would cost more than $500 million to implement and would cut nearly 8 trillion British Thermal Units, or BTUs, of energy use and eliminate over 400 thousand metric tons of carbon … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Overseas Shipholding Underperforms

Posted: 01 Mar 2011 02:25 PM PST

Overseas Shipholding Group Inc. (NYSE:OSG), a leading energy transportation company, reported mounting losses in the fourth quarter of 2010. Overseas Shipholding has a massive 70% spot exposure. The average spot rate of oil tanker fell 55% in the last quarter, which significantly eroded the company's bottom-line.
Quarterly GAAP net loss was $55.3 million or a loss of $1.83 per share compared with a net loss of $23.2 million or a loss of 86 cents per share in the prior-year quarter. Fourth … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Intel Acquisition Of McAfee Is Final

Posted: 01 Mar 2011 02:25 PM PST

As promised, Intel Corp's (NASDAQ:INTC) acquisition of McAfee Inc was completed in the first quarter, following approval by both the U.S. Federal Trade Commission and the European Union.
The FTC had given its approval earlier, but clearance from the EU was received after Intel assured that the new products created as a result of the acquisition would also function with software from other security companies, such as Symantec Corp (NASDAQ:SYMC).
McAfee will operate as Intel's wholly owned subsidiary … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Earning Scorecard: Comcast

Posted: 01 Mar 2011 02:06 PM PST

Comcast Corp. (NASDAQ:CMCSA) reported excellent fourth quarter 2010 financial results, where both the earnings per share (EPS) and revenues exceeded the Zacks Consensus Estimate. The robust result was followed by the hike in the annualized dividend rate by 19% to 45 cents per share.
During the quarter, all the three segments witnessed growth in revenue, with advertising revenue, which is one of the key growth drivers, flourishing in the reported quarter with 29% year-over-year growth.
Fourth Quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Closing Bell Market Monitor: FDP, LVS, Oil Prices

Posted: 01 Mar 2011 02:00 PM PST

03/01/11  The latest in news, commentary, and information on what’s moving the US equities … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down At The End Of U.S. Session

Posted: 01 Mar 2011 01:55 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3777, down 0.22% at time of writing.

The pair was likely to find support at 1.3705, Thursday's low, and resistance at 1.3855, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.23% to hit 0.8472 and EUR/JPY falling 0.12% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/JPY Up Toward The End Of U.S. Session

Posted: 01 Mar 2011 01:40 PM PST

Forex Pros – The U.S. Dollar was higher against the Japanese Yen on Tuesday after the release of U.S. data on ISM Manufacturing Index.

USD/JPY was trading at 81.89, up 0.12% at time of writing.

The pair was likely to find support at 81.62, Monday's low, and resistance at 82.46, Thursday's high.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 61.40 last month from 60.80 in the preceding month.

Analysts had expected the ISM … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Excel Maritime Reports Mixed 4Q

Posted: 01 Mar 2011 01:38 PM PST

Yesterday after market close, Excel Maritime Carriers Ltd. (NYSE:EXM), a global dry bulk carrier, declared mixed financial results for the fourth quarter of 2010. However, in after market trade on NASDAQ, the stock price of Excel Maritime was down 22 cents (4.21%) to $5.0.
GAAP net income in the fourth quarter of 2010 was $63.6 million or 76 cents per share compared with a net income of $81.8 million or $1 per share in the year-ago quarter. However, quarterly adjusted (excluding special-items) EPS … [visit site to read more] or compare Best Credit Cards and Best CD Rates

HP Leads Server & PC Segments

Posted: 01 Mar 2011 01:38 PM PST

Hewlett-Packard Company (NYSE:HPQ) has retained its leadership position in the Server segment for calendar year 2010.
The data published by the leading market research firm IDC claims that HP accounted for around 39.0% of the total x86 server revenue for 2010. The company's revenue from the x86 servers grew 34.0% year over year. Moreover, the company has remained glued to the number one position in the x86 server markets for 59 straight quarters.
Hewlett-Packard also grabbed market share from … [visit site to read more] or compare Best Credit Cards and Best CD Rates

XL Group Boosts Dividend

Posted: 01 Mar 2011 01:38 PM PST

The board of directors of  XL Group (NYSE:XL) approved a 10% increase in its quarterly common stock dividend. The company will now pay a quarterly dividend of 11 cents per share, up from 10 cents. The increased dividend will be paid on March 31 to shareholders of record as of March 15.
The dividend hike was primarily supported by XL Group's strong balance sheet and its ability to generate healthy cash flow. XL Group's annualized dividend yield of 1.62%, exceeds that of the industry's … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – EUR/USD Down Toward The End Of U.S. Session

Posted: 01 Mar 2011 01:25 PM PST

Forex Pros – The Euro was lower against the U.S. Dollar on Tuesday.

EUR/USD was trading at 1.3774, down 0.24% at time of writing.

The pair was likely to find support at 1.3705, Thursday's low, and resistance at 1.3855, today's high.

Meanwhile, the Euro was down against the British Pound and the Japanese Yen, with EUR/GBP shedding 0.24% to hit 0.8472 and EUR/JPY falling 0.09% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

U.S. Markets Close Lower; Dow Jones Down 1.38%

Posted: 01 Mar 2011 01:10 PM PST

Forex Pros – U.S. stocks were down after the closing bell on Tuesday.

At the close of U.S. trade, the Dow Jones Industrial Average fell 1.38%, the S&P 500 index shed 1.57%, while the Nasdaq 100 index declined 1.52%.

Earlier in the day, industry data showed that The U.S. ISM manufacturing PMI rose more-than-expected to 61.40 last month from 60.80 in the preceding month.

Analysts had expected the ISM manufacturing PMI to rise to 60.90 last month.

Meanwhile, across the Atlantic, European … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Disappointing Quarter For MarkWest

Posted: 01 Mar 2011 01:05 PM PST

Pipeline operator MarkWest Energy Partners L.P. (NYSE:MWE) reported weak fourth quarter results, reflecting lower natural gas liquid sales in the Northeast and East Texas.
The partnership incurred loss per unit (excluding marked-to-market derivative loss and compensation expense) of 5 cents, against the Zacks Consensus Estimate of profit of 33 cents. In the year-ago period, the Colorado-based MarkWest earned 75 cents per unit on an adjusted basis.
However, revenue of $356.6 million was up 26.3% … [visit site to read more] or compare Best Credit Cards and Best CD Rates

DTS Marginally Beats Consensus

Posted: 01 Mar 2011 01:05 PM PST

DTS Inc. (NASDAQ:DTSI) reported fourth quarter 2010 earnings per share of 32 cents, marginally beating the Zacks Consensus Estimate of 31 cents. Earnings, including stock-based compensation but excluding one-time items, grew 23.1% year over year from 26 cents.  The year-over-year growth was driven by accelerating revenue.
Revenue
Revenue increased 26.6% year over year to $26.9 million, marginally surpassing the Zacks Consensus Estimate of $25.0 million. The growth was primarily driven by a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Revenues Rise At Bayer

Posted: 01 Mar 2011 12:55 PM PST

Bayer AG's (BAYRY) earnings per share during the fourth quarter of 2010 came in at €0.95 (approx $1.29) compared to €0.90 (approx. $1.33) in the year-ago period. Bayer incurred €825 million towards impairments and asset write-downs, €67 million towards litigations in the US and €62 million towards restructuring and healthcare during the quarter.  
The company recorded a 14.5% growth in revenues to €9,012 million. Growth was witnessed across all divisions at Bayer. Net sales … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – GBP/USD Up During The U.S. Session

Posted: 01 Mar 2011 12:45 PM PST

Forex Pros – The British Pound was higher against the U.S. Dollar on Tuesday.

GBP/USD was trading at 1.6262, up 0.02% at time of writing.

The pair was likely to find support at 1.6032, Friday's low, and resistance at 1.6329, today's high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.26% to hit 0.8470 and GBP/JPY rising 0.19% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Endo Pharma Tops, Guides Up

Posted: 01 Mar 2011 12:35 PM PST

Endo Pharmaceuticals' (NASDAQ:ENDP) fourth quarter 2010 earnings (excluding special items) of $1.06 per share, surpassed the year-ago earnings by 25 cents and the Zacks Consensus Estimate by 10 cents. The impressive showing was attributable to the higher revenues reported in the final quarter of 2010.
Quarter in Details
Revenues climbed 31% to $511 million in the reported quarter. The revenue increase was attributable to impressive performances across all segments at Endo Pharma. Revenues easily … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Promising JV For Kinder Morgan

Posted: 01 Mar 2011 12:35 PM PST

Kinder Morgan Energy Partners, L.P. (NYSE:KMP) announced plans to form a joint venture with Oklahoma-based companies Deeprock Energy Resources LLC and Mercuria Energy Trading. In this regard, Kinder Morgan will acquire a 50% stake in a crude oil storage plant for approximately $25 million.
The joint venture aims at increasing the Cushing-based storage unit's existing capacity of 1 million barrels by 750,000 barrels with the addition of three new storage tanks. The newly constructed plants are … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Hot Option Plays: Higher Oil Threatens Economy

Posted: 01 Mar 2011 12:18 PM PST

Cusick's Corner
News out of the Middle East is flowing out, with overnight markets tossing and turning on each headline. I watched the futures trade quite erratically with each headline, but decided that this action was extremely choppy and not worth playing. This choppy action has continued and at the Midday we are on the lows of the session, with some traders now looking for a bounce into the close in the face of rising Crude. Weakness is broad based, but volatility is still low so that a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Accelerator Problem Haunts Toyota

Posted: 01 Mar 2011 12:10 PM PST

Toyota Motor Corp. (NYSE:TM) has again got into a fix with the same sticking accelerator gas-pedal problem. Toyota plans to recall 2.2 million vehicles this time in contrast to a similar situation faced in November 2009.
The recall includes 769,000 units of some sport utility vehicle models, 20,000 units of Lexus sedans, and nearly 1.4 million vehicles as an extension to its November 2009 recall.
The models at stake are Toyota Highlander (2004-06), Lexus RX (2004-07), Lexus GS (2006-07), Toyota … [visit site to read more] or compare Best Credit Cards and Best CD Rates

SM Energy Beats On Volume

Posted: 01 Mar 2011 12:10 PM PST

SM Energy Company's (NYSE:SM) fourth-quarter 2010 adjusted earnings of 46 cents per share exceeded the Zacks Consensus Estimate of 30 cents as well as the year-earlier profit of 31 cents on higher production and prices.
Fourth quarter total revenue of $294.1 million surged 21.5% from $242 million in the prior-year quarter. Specifically, oil and gas production revenues contributed $250.2 million (up 33.4% year over year) to the total revenue.
Operational Performance
The company's fourth-quarter … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex – USD/CAD Up In U.S. Trade

Posted: 01 Mar 2011 12:05 PM PST

Forex Pros – The U.S. Dollar was higher against the Canadian Dollar on Tuesday.

USD/CAD was trading at 0.9744, up 0.29% at time of writing.

The pair was likely to find support at 0.9684, today's low, and resistance at 0.9902, Thursday's high.

Meanwhile, the U.S. Dollar was up against the Euro and down against the British Pound, with EUR/USD shedding 0.24% to hit 1.3775 and GBP/USD rising 0.03% to hit … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Domino’s Serves Up Strong 4Q Results

Posted: 01 Mar 2011 12:00 PM PST

03/01/11 Pizza maker Domino’s Pizza Inc. announced strong 4Q net income results on Tuesday following positive consumer response to advertising and pizza … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Forex Trading: EURUSD Breaks Through Support At 1.3784

Posted: 01 Mar 2011 11:51 AM PST

The 1.3784 level was broken and the price has moved lower.  The 1.3784 level has been a key remembered price and also was where the 100 hour MA is currently located.  The move below has switched the bias back to the downside. The level should now attract sellers on corrections back toward it. If the level can stay below, I would expect further downside pressure with the target being the 1.3728 level where the 38.2% of the move up from the February 22nd low at 1.3524, to the high … [visit site to read more] or compare Best Credit Cards and Best CD Rates

M2 Growth Below 4% + Velocity At 25-Year Lows + 4% Real GDP Growth This Year = No Inflation

Posted: 01 Mar 2011 11:47 AM PST

Here’s an updated chart of annual M2 growth, with data through the second week of February.  For the week ending on February 11, annual M2 growth was only 3.9%, more than two percentage points below the 6.05% average since 2000.  If that kind of M2 growth continues this year, and if we have 4% growth in real output this year, there’s very little chance of inflationary pressure building in the U.S. economy.  Moreover, M2 velocity as of the last quarter of 2010 was close to a … [visit site to read more] or compare Best Credit Cards and Best CD Rates

Bernanke Sticks To The Script, But Manufacturing Data Shows Contrast On Inflation

Posted: 01 Mar 2011 11:25 AM PST

Bernanke Testimony Hits Familiar Themes, Recent Higher Commodity Prices Will Cause Temporary Impact on Inflation
Bernanke went before the Senate Banking Committee for his semiannual report on monetary policy. His testimony stuck to the message the Fed has had during the past few months – while the economy is growing and growth may pick up – the Fed will keep rates at their ultra low levels until there is a "sustained period of stronger job growth."
We talked about this point … [visit site to read more] or compare Best Credit Cards and Best CD Rates
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