DailyMarkets.com - Happy Birthday Frederic Bastiat

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• Happy Birthday Frederic Bastiat
• Aussie, Euro Have Best Days Since November On Summit Results
• Central Bank News Link List – June 29, 2012
• Commodities Soar As EU Summit Trumps (Very Modest) Expectations
• UK Banks Should Boost Capital During EU Crises – BOE

Happy Birthday Frederic Bastiat Posted: 29 Jun 2012 08:18 AM PDT The great French economist, Frédéric Bastiat, was born on June 29, 1801, 211 years ago today. He spent his advocating free markets, particularly free trade, and fighting the socialist policies of his native country. What makes him my hero is that he fought the good fight with great humor, wit and satire. His writings were so clear that they read like the good contemporary writing in The Economist or the editorial pages of the Wall Street Journal. His most widely quoted passage is his … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Aussie, Euro Have Best Days Since November On Summit Results Posted: 29 Jun 2012 07:25 AM PDT Fundamental Headlines - EU leaders Ease Debt-Crisis Rules on Spain – Bloomberg - Euro Rises After EU Leaders Renounces Spain Loan Seniority – Bloomberg - Why Roberts Saved Obama's Healthcare Law – Reuters - Euro-zone Sees Single Bank Supervisor – WSJ - Summit Report Exposes Divisions Over Power Sharing – WSJ Asian/European Session Summary Oh, what a night. The past several days high beta currencies and risk-correlated assets were under pressure as expectations for any sort of … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – June 29, 2012 Posted: 29 Jun 2012 05:53 AM PDT     Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list is updated during the day with the latest news about central banks so readers don’t miss any important developments. Europeans agree to use bailout fund to aid banks (NYT) China central bank says to push ahead with reforms (Reuters) FSA finds banks guilty of mis-selling to small firms (BBC)  Fed official floats stress test of money funds … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Commodities Soar As EU Summit Trumps (Very Modest) Expectations Posted: 29 Jun 2012 05:44 AM PDT Talking Points Crude Oil, Copper Aim to Follow Stocks Higher on EU Summit Optimism Gold and Silver Gain as Safe-Haven Flows Reverse Out of the US Dollar Commodities are pushing higherahead of the opening bell on Wall Street after EU leaders delivered an unexpectedly forceful response to the region's debt and banking crisis following the first day of negotiations at a summit in Brussels. Prior reports also suggested that policymakers will spend €120 billion on growth-driving efforts as … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

UK Banks Should Boost Capital During EU Crises – BOE Posted: 29 Jun 2012 05:25 AM PDT     UK banks should continue to limit dividends and executive compensation and instead use the funds to boost their capital cushion to absorb any possible losses during the current risk to financial stability from the crises in the euro area, the governor of the Bank of England said.     In his prepared remarks for a press conference, Mervyn King said the cushion that banks should build up may even be larger than the current planned increase toward meeting the tougher … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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