Thursday, June 14, 2012

DailyMarkets.com - Today’s CPI Report: Falling Natural Gas Prices

DailyMarkets.com - Today’s CPI Report: Falling Natural Gas Prices

Today’s CPI Report: Falling Natural Gas Prices

Posted: 14 Jun 2012 07:52 AM PDT

From today’s CPI report, Table A:

Over the last year (May 2011 to May 2012), the category with the biggest drop in price was  “Utility (piped) gas service” (residential natural gas), which has decreased by -14.9% over the last 12 months.

Thanks to the shale revolution and falling natural gas prices, U.S. consumers have saved $35 billion in 2009, 2010 and 2011, and  it looks like those savings will continue in 2012. … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

EURUSD Inches Towards 1.26 Ahead Of Critical Weekend

Posted: 14 Jun 2012 07:43 AM PDT

Fundamental Headlines
- Americans See Biggest Home Equity Jump in 60 Years – Bloomberg
- BofA Beating JPMorgan as BNP Leads French Lenders Retreat – Bloomberg
- Merkel Talks Tough as Spain Debt Costs Soar – Reuters
- Greece's Rural Voters 'on a Tightrope' – WSJ
- Spanish Crisis Deepens – WSJ
Asian/European Session Summary
Ranges were tight in the overnight with most of the majors (save the New Zealand Dollar, which was boosted by seemingly hawkish commentary from the Reserve … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Q1 Gain In Home Equity Highest In 60 Years

Posted: 14 Jun 2012 07:42 AM PDT

Bloomberg — “Americans are digging themselves out of mortgage debt. Home equity in the first quarter rose to the highest level since 2008 as homeowners taking advantage of record-low borrowing costs to refinance their loans brought cash to the table to pay down principal. The gain in percentage terms was the biggest jump in more than 60 years, according to an analysis by Bloomberg of Federal Reserve data. 

It's the strongest sign yet that Americans' home-loan debt burden is beginning … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Barofsky Slams Dimon/Washington: “Still A Cover Up”

Posted: 14 Jun 2012 06:30 AM PDT

Not that there was ever any real doubt as to the cozy relationship between OUR elected officials in Washington and THEIR partners on Wall Street, but yesterday's Senate testimony and questioning of JP Morgan (NYSE:JPM) CEO Jamie Dimon added another nail in the coffin of those in America who care for real truth and total transparency.
As CEO of JP Morgan (NYSE:JPM) Chase, Dimon's job is to protect the interests of his shareholders. He was successful on that front yesterday.
As United States … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Stocks Mixed On Europe And Economy

Posted: 14 Jun 2012 06:00 AM PDT

06/14/12 Stocks were trading mixed Thursday as investors remained cautious on Europe and following several weak US economic … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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