Saturday, November 26, 2011

DailyMarkets.com - Venezuela Repeals The Laws Of Supply And Demand

DailyMarkets.com - Venezuela Repeals The Laws Of Supply And Demand


Venezuela Repeals The Laws Of Supply And Demand

Posted: 26 Nov 2011 03:55 PM PST

The twisted logic of Venezuela’s price controls:

1. Under President Hugo Chavez, Venezuela’s central bank has doubled the money supply over the last four years.

2.  Because of the the doubling of the money supply, Venezuela is experiencing the highest annual rate of inflation in the Western hemisphere at 27%.

3. In response to the high inflation, the Venezuelan government just announced it is expanding price controls to cover many basic consumer items like toothpaste, coffee, toilet … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Corporate Bonds Have Been Leading Stocks, So Whats Next?

Posted: 26 Nov 2011 03:20 PM PST

An article by ZeroHedge.com states that high yield corporate bonds have been a leading corporate equity (stocks) in trading action. So whats next?

Ref: Another Late Day Dumpfest Ends Worst Thanksgiving Week Ever For Stocks

Stocks sold down on the half day of thanks giving, yet the TBT did not, we also here that the USA economy is ticking up (trucking and rail activity picking up), plus a quick review of HYG tells us that we are due for a bounce.

There are three trades with Hurst cycles, … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


Monetary Policy Week In Review – 27 Nov 2011

Posted: 26 Nov 2011 02:59 PM PST

The past week in monetary policy saw interest rate decisions announced by 6 central banks around the world.  Of those changing rates, Georgia dropped -25bps to 7.00%, Egypt increased +100bps to 9.25%, and Colombia increased +25bps to 4.75%.  Meanwhile those that held interest rates unchanged were Turkey at 5.75%, Nigeria at 12.00%, and Russia at 8.25%.  Croatia also announced a cut to its Lombard rate (-275bps to 6.25%).  Elsewhere, China made headlines when it was revealed … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards


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