Friday, July 13, 2012

DailyMarkets.com - Crude Oil, Gold Rise As Risk Appetite Corrects Higher Into Week-End

DailyMarkets.com - Crude Oil, Gold Rise As Risk Appetite Corrects Higher Into Week-End

Crude Oil, Gold Rise As Risk Appetite Corrects Higher Into Week-End

Posted: 13 Jul 2012 02:41 AM PDT

Talking Points

Crude Oil, Copper Rise with Stocks as After Neutral Chinese GDP Report
Gold and Silver Find Support as Risk Recovery Forces US Dollar Pullback

Commodity prices are on the upswing amid a broad-based recovery in risk appetite after second-quarter Chinese GDP figures printed broadly in line with expectations overnight. The result was received as net-neutral for sentiment, offering no additional fodder to drive risk aversion. This opened the door for a recovery in growth-geared … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Exposing The Food Stamp Stimulus Fallacy

Posted: 12 Jul 2012 10:10 PM PDT

Here’s some voodoo economics from the U.S. Department of Agriculture claiming that every additional $1 of food stamp spending magically creates almost $2 in new economic activity: 
Why does increasing participation in SNAP (the federal food stamp program, now known at the Supplemental Nutritional Assistance Program) make sense for your community?
SNAP Generates Economic Activity

SNAP brings Federal dollars into communities in the form of benefits which are redeemed by SNAP participants at … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Central Bank News Link List – July 13, 2012

Posted: 12 Jul 2012 08:53 PM 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.

Geithner tried to curb rate rigging in 2008 (NYT)
Pension boss tipped to be Danish c.bank chief-paper (Reuters)
Will Tucker get Bank of England top job? (Reuters)
RBI may hold on policy stand amid high inflation:experts … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards

Peru Holds Interest Rate Steady At 4.25%

Posted: 12 Jul 2012 08:22 PM PDT

        The central bank of Peru maintained its benchmark monetary policy rate unchanged at 4.25 percent, saying the economy was expanding at close to its potential growth rate and inflation is expected to continue to decline towards the bank's target range.

        "High uncertainty is still observed in international financial markets and is being reflected in the decline of terms of trade and in prospects of lower growth in both … [visit site to read more] or compare Credit Card Rewards and Best Credit Cards
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