Friday, December 21, 2012

DailyMarkets.com - Barney Frank To Eric Holder: Time For Prosecutions . . . Really?

DailyMarkets.com - Barney Frank To Eric Holder: Time For Prosecutions . . . Really?

Barney Frank To Eric Holder: Time For Prosecutions . . . Really?

Posted: 21 Dec 2012 06:24 AM PST

The American public in totality is not stupid, although they are often treated that way by many in Washington.
Scandalous behavior within major Wall Street institutions has run rampant over the last decade — and likely a lot longer than that — and been addressed almost uniformly with token fines (relative to revenues generated) that are little more than a cost of doing business. Why does such scandalous behavior persist?
Individuals are not held accountable by those charged with that … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Bears Getting Cocoa For Christmas

Posted: 21 Dec 2012 06:18 AM PST

Friday, December 21, 2012
Cocoa prices are trading near the lows of a $200/ton trading range the market has been in since early October. Commercial selling has started to increase, which may be signaling that some producers fear lower prices heading into 2013 and are using any short-term bounce in prices to initiate short hedges.
Fundamentals
The Grinch stole Christmas for Cocoa bulls, as prices have fallen to lows not seen since mid-November, as producer selling has stymied any rally attempts. … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – Dec. 21, 2012: Currency War Looms As Central Banks Talk Forex

Posted: 21 Dec 2012 05:57 AM PST

Here’s today’s Central Bank News link list, click through if you missed the previous link list. The list comprises news about central banks that is not covered by Central Bank News. The list is updated during the day with the latest developments so readers don’t miss any important news

Currency war looms as central banks talk forex: cutting research (Bloomberg)
Colombia GDP grows at slowest pace since 2008 on building (Bloomberg)
BOJ member deposit plan would unleash $373 … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Commodities: Oil Follows Stocks Lower, Metals Manage To Find Support

Posted: 21 Dec 2012 03:08 AM PST

Crude oil is following stocks lower amid broad-based risk aversion across financial markets but metals have managed to find support despite a US Dollar rebound.
Talking Points

Crude Oil Sinks Along with Stocks on Fiscal Cliff Deadlock, Monti Resignation
Metals Supported Despite Dollar Recovery, Value-Hedge Demand a Possibility

Crude oil is under pressure as risk appetite crumbles (as expected) amid a lack of progress in US "fiscal cliff" negotiations. Divergent headlines pulled markets in … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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