DailyMarkets.com - Bulgarian National Bank Reduces Base Rate 3bps To 0.15%

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• Bulgarian National Bank Reduces Base Rate 3bps To 0.15%
• ‘When The Real Margin Call Arrives, The Carnage Will Be Unimaginable’
• Chart Of The Day: Private GDP Grew 4.7% In Q4

Bulgarian National Bank Reduces Base Rate 3bps To 0.15% Posted: 04 Mar 2012 08:52 AM PST The Bulgarian National Bank announced on the 29th of February that its base interest rate would be reduced by 3 basis points to 0.15% as of 1 March 2012, compared to the previous rate of 0.18% set for February, and 0.22%, set in December for January.  The March rate of 0.15% compares to 0.18% in March 2011, 0.18% in March 2010, and 3.49% in March 2009.  Bulgaria reported inflation of 2.8% in December last year.  The Bulgarian economy was unchanged in 3Q11 (0.3% in … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

‘When The Real Margin Call Arrives, The Carnage Will Be Unimaginable’ Posted: 04 Mar 2012 07:41 AM PST Wow. Talk about calling it like it is. The Associated Press is out with a report (via Business Insider), ”David Stockman: You’d Be A Fool To Hold Anything But Cash Now,” featuring a no-holds-barred interview with an individual (and former White House budget director under Ronald Reagan) who is no stranger to the pages of Financial Armageddon. Here is a brief excerpt: Q: Why are you so down on the U.S. economy? A: It’s become super-saturated with debt. Typically … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Chart Of The Day: Private GDP Grew 4.7% In Q4 Posted: 04 Mar 2012 07:38 AM PST Last week’s BEA report showed real GDP growing by 3% at an annual rate in Q4 2011.  But as First Trust Portfolios pointed out, the non-government, private components of GDP (consumption, investment and net exports) grew at 4.7% (see chart above) in Q4.  In contrast, there was a 4.4% decline in government purchases in Q4, which created a drag on overall economic growth and brought real GDP growth down to 3%.  The decrease in government spending was “driven by a wind-down of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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