DailyMarkets.com - Top OTC Derivative Markets Set To Meet Deadline – FSB

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• Top OTC Derivative Markets Set To Meet Deadline – FSB
• It’s The 41st Anniversary Of Our Shameful, Deadly And Costly War On Drugs. Can We Call A Cease-Fire?
• BOJ Says Will Do Utmost To Ensure Financial Stability
• How Long Will ‘Walking Pneumonia’ Economy Linger? Rogoff’s Sobering Reality . . . . Recommended
• ECB Says Ready To Provide Liquidity If Needed
• Crude Oil Gains On Central Bank Stimulus Hopes, Gold Treading Water
• CA Real Estate Market Heats Up In May
• A Tactical Warning For Bulls

Top OTC Derivative Markets Set To Meet Deadline – FSB Posted: 15 Jun 2012 06:04 AM PDT     United States, Europe and Japan are on track to have all standardized over-the-counter (OTC) derivative contracts traded on exchanges and cleared through central counter parties by end-2012, meeting a deadline set by Group of 20 leaders, the Financial Stability Board said.     The global financial crises revealed that OTC derivatives had contributed to a build-up of systemic risk, triggering fears of contagion due to the close ties between market participants and a lack … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

It’s The 41st Anniversary Of Our Shameful, Deadly And Costly War On Drugs. Can We Call A Cease-Fire? Posted: 15 Jun 2012 05:50 AM PDT This Sunday will mark the 41st anniversary of President Richard Nixon’s declaration of America’s War on Drugs Peaceful Americans Who Voluntarily Choose To Use Intoxicants Not Approved of by the Government, Who Will Put Users in Cages if Caught. On June 17, 1971 Richard Nixon delivered a “Special Message to the Congress on Drug Abuse Prevention and Control,” where he appealed to Congress to give the highest priority to provide funding and authority to the federal government to “destroy the … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

BOJ Says Will Do Utmost To Ensure Financial Stability Posted: 15 Jun 2012 05:33 AM PDT     The Bank of Japan said there is a high degree of uncertainty surrounding the global economy, both in Europe, the United States and in emerging markets, but it would do its utmost to ensure stability in Japan’s financial system.      Speaking after the BoJ held interest rates unchanged at around 0 to 0.1 percent, the monetary board said in a statement:     “There remains a high degree of uncertainty about the global economy, including the prospects for … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

How Long Will ‘Walking Pneumonia’ Economy Linger? Rogoff’s Sobering Reality . . . . Recommended Posted: 15 Jun 2012 05:15 AM PDT I have long compared our economic malaise to a severe case of 'walking pneumonia.' Is there any doubt that our economic pleurisy persists? America knows it does because collectively we feel the pain daily and anguish of this condition. Our President and his policy mavens seem to have just now learned they cannot fool the American public into thinking our economy is improving while the public experiences a very different dynamic. Given the reality of our 'walking pneumonia' economy here … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

ECB Says Ready To Provide Liquidity If Needed Posted: 15 Jun 2012 05:14 AM PDT     The European Central Bank will continue to provide funds to healthy banks during the current turmoil in the euro area, ECB President Mario Draghi said.     “As you are all aware, the ECB has the crucial role of providing liquidity to sound bank counterparties in return for adequate collateral. This is what we have done throughout the crisis, faithful to our mandate of maintaining price stability over the medium term – and this is what we will continue to do. The … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Crude Oil Gains On Central Bank Stimulus Hopes, Gold Treading Water Posted: 15 Jun 2012 03:38 AM PDT Talking Points Crude Oil, Copper Rise on Hopes for Coordinated Central Bank Stimulus Gold and Silver Consolidate, Waiting for Greek Election for Direction Cues Crude oil and copper prices are on the upswing amid as risk appetite firms across financial markets following reports thatcentral banks are preparing to step in to stabilize financial marketsif the weekend's much-feared Greek election outcome generates widespread dislocation. Reuters cited a G20 cited official saying the world's … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

CA Real Estate Market Heats Up In May Posted: 14 Jun 2012 08:06 PM PDT LA Times — “Home sales and prices strengthened throughout the Golden State in May, providing the latest evidence housing might be snapping out of its long slumber. Sales popped 9.3% from April and jumped 17.6% from May 2011 to total 41,790 new and previously-owned houses bought statewide.  The state's median home price hit $270,000, rising 2.3% from the prior month and up 8.4% from May 2011. "It's not exactly a stampede, but people are starting to move off the housing market … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

A Tactical Warning For Bulls Posted: 12 Jun 2012 12:14 AM PDT Well, that market reaction to the Spanish banking bailout was underwhelming! I wrote last week that seeing a market’s reaction to an event can be an important clue to future direction, as it is an indication of investor expectations and what news is priced in. We now know the path of least resistance for stocks is down. We got the first hint last week from the lukewarm market reaction to the ECB announcement and Draghi press conference; and later the reaction to the Bernanke testimony (see my … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

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