Sunday, September 11, 2011

DailyMarkets.com - N. Dakota Oil Production In July Is “Off The Charts” It Could Surpass CA By End Of Year For No. 3 Spot

DailyMarkets.com - N. Dakota Oil Production In July Is “Off The Charts” It Could Surpass CA By End Of Year For No. 3 Spot

N. Dakota Oil Production In July Is “Off The Charts” It Could Surpass CA By End Of Year For No. 3 Spot

Posted: 11 Sep 2011 09:13 AM PDT

North Dakota’s “Hockey Stick” Chart of Oil Production

North Dakota’s July oil production set a number of new monthly records, including:

1. The most oil ever produced in a single month – 13,131,366 barrels – an increase of almost 14% above the previous record in June of 11,544,331 barrels, and a gain of almost 32% from July of last year.  In just a little more than two years (since June 2009), oil production in North Dakota has doubled to its current record-setting level.

2. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Richard Grasso Recalls 9/11, His Decisions That Day, And Reopening The NYSE 6 Days Later

Posted: 11 Sep 2011 08:15 AM PDT

09/11/11 Former CEO & Chairman of the NYSE, Richard Grasso, remembers what it was like to be at the NYSE on 9/11. He also recalls his decisions that day and what it was like to reopen the NYSE on September … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Art Cashin Shares His Personal Experience On 9/11 And The Days Following

Posted: 11 Sep 2011 08:00 AM PDT

09/11/11 Art Cashin, Director of Floor Operations for UBS Financial Services, recalls his experience on 9/11 while also giving a detailed recollection of what it was like in lower Manhattan the days … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Natural Gas Futures – Weekly Review: September 5-9

Posted: 11 Sep 2011 07:53 AM PDT

Forexpros – Natural gas futures fell sharply on Friday, paring a weekly gain as mild weather forecasts for the eastern U.S. states was expected to limit demand, while receding fears over a disruption to supplies in the Gulf of Mexico also weighed.

On the New York Mercantile Exchange, natural gas futures for delivery in October settled at USD3.913 per million British thermal units by close of trade on Friday, gaining 0.89% over the week.

Natural gas futures tumbled nearly 1.8% on Friday … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – EUR/USD Weekly Outlook: September 12-16

Posted: 11 Sep 2011 07:48 AM PDT

Forexpros – The U.S. dollar surged to a six-month high against the euro on Friday, as the single currency came under increasing pressure amid concerns that the sovereign debt crisis in the region is escalating.

EUR/USD hit 1.3626 on Friday, the pair's lowest since February 22; the pair subsequently consolidated at 1.3654 by close of trade on Friday, tumbling 3.58% over the week.

The pair is likely to find support at 1.3460, the low of February 15 and resistance at 1.3936, Friday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Kenneth Polcari Remembers The Events Of 9/11

Posted: 11 Sep 2011 02:45 AM PDT

09/11/11 Kenneth Polcari, Managing Director for ICAP, gives a detailed and emotional personal account of his 9/11 experience and what that day means to … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – GBP/USD Weekly Outlook: September 12-16

Posted: 11 Sep 2011 07:31 AM PDT

Forexpros – The pound slumped to a two-month low against the broadly stronger U.S. dollar on Friday, as concerns over the ongoing debt crisis in the euro zone prompted investors to seek out safe haven assets.

GBP/USD hit 1.5843 on Friday, the pair's lowest since July 12; the pair subsequently consolidated at 1.5880 by close of trade on Friday, falling 1.69% over the week.

Cable is likely to find support at 1.5780, the low of July 12 and a five-month low and resistance at 1.5990, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Alan Valdes Looks Back On The Events Of 9/11 And Being At The NYSE That Day

Posted: 11 Sep 2011 02:30 AM PDT

09/11/11 Alan Valdes, Director of Floor Operations for DME Securities, shares with us his 9/11 experience and what it was like to be at the NYSE that … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

George Pataki Recalls 9/11 And The Struggle To Restore Confidence In The People Of New York

Posted: 11 Sep 2011 02:15 AM PDT

09/11/11 Former Governor of New York, George Pataki, remembers the events of 9/11 and the struggle to restore confidence in New Yorkers while also coping with the loss of life and recovery … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – NZD/USD Weekly Outlook: September 12-16

Posted: 11 Sep 2011 06:34 AM PDT

Forexpros – The New Zealand dollar declined against its U.S. counterpart on Friday, falling to three-week low as risk aversion sharpened amid fears that the euro zone's sovereign debt crisis is worsening.

NZD/USD hit 0.8190 on Friday, the lowest since August 22; the pair subsequently consolidated at 0.8217 by close of trade on Friday, tumbling 2.67% on the week.

The pair was likely to find short-term support at 0.8157, the low of August 22 and resistance at 0.8381, Thursday's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – AUD/USD Weekly Outlook: September 12-16

Posted: 11 Sep 2011 05:58 AM PDT

Forexpros – The Australian dollar dropped to a two-week low against its U.S. counterpart on Friday, as market sentiment was weighed amid growing speculation over a potential Greek default, prompting investors to shun riskier assets.

AUD/USD hit 1.0420 on Friday, the lowest since August 26; the pair subsequently consolidated at 1.0467 by close of trade, falling 1.28% on the week, snapping a streak of three consecutive weekly gains.

The pair was likely to find support at 1.0361, the low of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CAD Weekly Outlook: September 12-16

Posted: 11 Sep 2011 05:25 AM PDT

Forexpros – The U.S. dollar rose sharply against its Canadian counterpart on Friday, jumping to a five-week high as growing fears over the euro zone's sovereign debt crisis coupled with dismal Canadian employment data dampened the appeal of the loonie.

USD/CAD hit 0.9978 on Friday, the highest since August 9; the pair subsequently consolidated at 0.9964 by close of trade on Friday, climbing 1.03% on the week, the second consecutive weekly gain.

The pair is likely to find support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Futures – Weekly Review: September 5-9

Posted: 11 Sep 2011 04:39 AM PDT

Forexpros – Crude oil futures fell sharply on Friday, trimming a weekly gain as growing fears over the euro zone's sovereign debt crisis coupled with a broadly stronger U.S. dollar undermined the appeal of commodities.

On the New York Mercantile Exchange, light sweet crude futures for delivery in October traded at USD87.07 a barrel by close of trade on Friday, edging 0.67% higher over the week.

Crude prices tumbled 2.2% on Friday as concerns over a Greek debt default intensified after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/JPY Weekly Outlook: September 12-16

Posted: 11 Sep 2011 04:35 AM PDT

Forexpros – The U.S. dollar ended the week higher against the yen on Friday, after an intervention by Switzerland's central bank to curb the francs gains sparked concerns that safe haven inflows could shift to the yen, adding to pressure on Japanese officials to weaken the currency.

USD/JPY hit 77.85 on Friday, the pair's highest since August 9; the pair subsequently consolidated at 77.58 by close of trade on Friday, gaining 0.88% over the week.

The pair is likely to find support at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Gold Futures – Weekly Review: September 5-9

Posted: 11 Sep 2011 03:54 AM PDT

Forexpros – Gold futures edged modestly higher on Friday, paring a weekly loss as growing speculation over a potential Greek default sparked sharp losses in global equity markets and underlined the safe haven appeal of the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for October delivery settled at USD1,856.05 a troy ounce by close of trade on Friday, retreating 1.2% over the week.

Concerns over a Greek debt default intensified on Friday after … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – USD/CHF Weekly Outlook: September 12-16

Posted: 11 Sep 2011 03:36 AM PDT

Forexpros – Last week saw the Swiss franc tumble against both the dollar and the euro, after Tuesday's shock introduction of an exchange rate ceiling at 1.20 per euro, by the Swiss National Bank.

USD/CHF hit 0.7820 on Monday, the weekly low; the pair subsequently consolidated at 0.8834 by close of trade on Friday, jumping 10.92% over the week.

The pair is likely to find support at 0.8569, Thursday's low and resistance at 0.8946, the high of May 13.

Switzerland's central bank set a … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Look At San Miguel Corporation (SMC)

Posted: 11 Sep 2011 03:17 AM PDT

Ramon Ang-led San Miguel Corporation (SMC) has been trading within a tight range after its secondary offering which brought its share price from around Php 150.00 to as low as Php 105.70.
Notice, however, how its 260-day moving average (blue line) was able to catch it and keep it from falling further. Still, SMC has remained within Php 120.oo and Php 130.00 since the start of July. In any case, it seems that something is brewing for SMC at least on paper given its recent big time corporate … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Forex – Weekly Outlook: September 12-16

Posted: 11 Sep 2011 02:12 AM PDT

Forexpros – The euro tumbled to a six-month low against the U.S. dollar and a 10-year low against the yen on Friday, as the planned resignation of a top European Central Bank policymaker and speculation over a potential Greek default piled selling pressure on the single currency.

The ECB said Friday that Juergen Stark, a member of the central bank's executive board and its policy-setting governing council, was stepping down. Stark was widely believed to be opposed to the resumption of bond … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

“It’s The Investment Spending, Stupid”: We’ve Got A Sub-Par Recovery For Investment, Not Consumption

Posted: 10 Sep 2011 07:12 PM PDT

Robert Higgs makes an important point that “Consumption Spending HAS Already Recovered,” and it’s private investment spending that is lagging and holding the economy back:

“Commentators and pundits, some of whom ought to know better, continue to harp on the idea that the recession persists because consumers are not spending. Every Keynesian seems to believe that because consumers are in a dreadful funk, only government stimulus spending can rescue the moribund economy, given (to them, at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Windfall Profits Tax… But Not On Oil This Time

Posted: 10 Sep 2011 06:00 PM PDT

Starting back in the 1970s, high oil prices rise in the United States are frequently followed by calls for “windfall profits taxes” on oil companies.  So what do you suppose is happening in some gold-producing countries now that gold prices are at record high levels?  Here’s what is happening in one of those … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Paper: The Impact Of Economics Blogs

Posted: 10 Sep 2011 11:32 AM PDT

From a World Bank Policy Research Working Paper titled “The Impact of Economics Blogs”:

“There is a proliferation of economics blogs, with increasing numbers of economists attracting large numbers of readers, yet little is known about the impact of this new medium. Using a variety of experimental and non-experimental techniques, we have provided the first quantitative evidence that they are having impacts.

First, links from blogs cause a striking increase in the number of abstract views and … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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