Wednesday, December 5, 2012

DailyMarkets.com - Bonds Steady As Fiscal Cliff And Non-farm Payrolls Loom

DailyMarkets.com - Bonds Steady As Fiscal Cliff And Non-farm Payrolls Loom

Bonds Steady As Fiscal Cliff And Non-farm Payrolls Loom

Posted: 05 Dec 2012 07:17 AM PST

Wednesday, December 5, 2012
In addition to Friday’s employment report, there is a slew of economic data out this week that could possibly influence the movement in the Treasury market. Among the most anticipated are private sector employment data from ADP (estimate +125K) to be released this morning, as well as data on factory orders for October (estimate -0.1%), and a reading of ISM Services Index for November (estimate 53.7 vs. 54.2 last month).
Fundamentals
Bond bulls and bears have reached … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Olympus “Tobashi” Scandal: Lessons From A Whistleblower

Posted: 05 Dec 2012 06:07 AM PST

The Wall Street Journal reports this morning that an independent panel investigating an accounting scandal at Olympus, the Japanese maker of cameras and medical imaging equipment, announced that the company had hidden losses of more than $1.5 billion over an extended period. The stock has lost more than 50% since this scandal was exposed less than two months ago.
What was going on in this Japanese version of Enron? A practice known as tobashi, that is, a transferal of assets so as to … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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