Thursday, May 2, 2013

DailyMarkets.com - Ben Bernanke Pulls A Yogi Berra

DailyMarkets.com - Ben Bernanke Pulls A Yogi Berra

Ben Bernanke Pulls A Yogi Berra

Posted: 02 May 2013 06:04 AM PDT

When you come to a fork in the road, take it.
In the early years of the last decade, I had the pleasant experience of attending a dinner for a major client at which we had Yogi Berra as a guest speaker. As a lifelong baseball fan — and how 'bout those Red Sox — I looked forward to hearing Yogi regale us with legendary tales about the great Yankee teams.
He started his delivery by unequivocally stating, "I am not good at giving talks, so just go ahead and ask me some questions." … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Central Bank News Link List – May 2, 2013: India Central Bank Sees Limited Space To Cut Rates

Posted: 02 May 2013 05:57 AM PDT

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.

India central bank sees limited space to cut rates (WSJ)
BOJ says monetary base soars to record on new QE scheme (Reuters)
Bank of Canada’s Carney says growth looking better than expected … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

ECB Cuts Rate By 25 Bps To 0.50%

Posted: 02 May 2013 04:56 AM PDT

    The European Central Bank (ECB) cut the rate on its benchmark refinancing facility by 25 basis points to 0.50 percent, as widely expected, along with a 50 basis point cut on the rate on its marginal lending facility to 1.0 percent. The rate on its deposit facility will remain steady at 0.0 percent, the ECB said in a brief statement.
   ECB President Mario Draghi will comment on the decision by the ECB council at a press conference later today.
    Speculation … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

May Has Not Been Pretty Since 2010

Posted: 02 May 2013 04:42 AM PDT

May has been a tough month for the bulls.

Sell in may has worked in the past. The recent poor Chicago PMI print could be the start of a slump. tic … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards

Czech Central Bank Holds Rate Steady At 0.05%

Posted: 02 May 2013 04:17 AM PDT

    The Czech Republic’s central bank left its benchmark two-week repo rate steady at 0.05 percent, as expected by financial markets, and will comment on its decision later.
    At its previous meeting in March, the Czech National Bank (CNB) said rates would remain at their current level over a longer horizon until inflation pressures increase significantly.
    Inflation in the Czech Republic was steady at 1.7 percent in March from February, below the central … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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