Tuesday, July 31, 2012

DailyMarkets.com - Sense On Cents Supports HR 757

DailyMarkets.com - Sense On Cents Supports HR 757

Sense On Cents Supports HR 757

Posted: 31 Jul 2012 03:05 AM PDT

Earlier this year I came out in support of HR 757, legislation drafted and proposed by Rep. Scott Garrett (R-NJ), to address the sham perpetrated by the Securities Investor Protection Corporation (SIPC) upon innocent investors. As I wrote in support of HR 757 then,

Why are we discussing SIPC today? Recall that post Bernie Madoff, the SIPC fund was depleted. Recall also that for approximately 13 years those paying into SIPC were charged an annual premium of $150 in order to put the SIPC stamp … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

Central Bank News Link List – July 31, 2012

Posted: 30 Jul 2012 11:38 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.

Some at Fed are urging pre-emptive stimulus (NYT)
Colombia central bank forecasts 2013 GDP growth of 2%-5% (Bloomberg)
Central banks’s unorthodox actions are cutting lending … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

India Holds Rate Steady, Cuts SLR To Help Credit Flow

Posted: 30 Jul 2012 11:24 PM PDT

    The Reserve Bank of India kept its benchmark repurchase rate steady at 8.0 percent, as expected, to rein in inflation expectations but trimmed the statutory liquidity ratio (SLR) by 100 basis points to 23.0 percent to encourage banks to lend more money to productive sectors of the economy.
    In its first quarter review of monetary policy, India’s central bank stressed that its main task was to contain inflation to safeguard medium-term growth and a reduction in … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards

America’s Energy Revolution Has Brought Lower Real Prices For Both Natural Gas And Electricity

Posted: 30 Jul 2012 05:43 PM PDT

One of the economic benefits of the shale gas revolution is the moderating effect that abundant, cheap shale gas has had on the price of electricity in the U.S. for all end-users: residential, commercial and industrial customers.  The indirect cost savings for electricity customers from cheap shale gas are in addition to the significant and direct cost savings from inflation-adjusted gas prices for residential, commercial, industrial customers and electric utilities that are the lowest … [visit site to read more] or compare Best Mortgage Rates, Credit Card Rewards or Best Credit Cards
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