You may want to read this as well: “The whole shipping market has crashed,” Mr Rodley said
Factory shipments plunge record 5.3%
Capital-equipment orders show biggest gain in a year
By Rex Nutting
Last Update: 1/6/2009 10:26:00 AM
WASHINGTON (MarketWatch) - Pushed lower by weak demand and falling prices,
shipments from U.S. factories plunged a record 5.3% in November, the Commerce
Department [...]
Nothing like Double Talk to get you guessing — However, the reality is it ain’t good and it is possible that the market will be completely disconnected from the reality on the ground…So, if you have the stomach for it…jump in because the market may be pumped (even though it should be dumped to reflect [...]
In its 2009 outlook strategy report, Merrill Lynch is upbeat that consumption can play a bigger role in China’s growth. Not only do China’s consumers have the cash to spend, they argue, but consumption as a percentage of the economy is at a huge secular inflection point. What’s more, China is possibly the only large [...]
On 10/24 AEM closed at $26. Yesterday (12/26) AEM closed at $47.87. A gain of 84%.
On 10/24 GLD closed at $72.21. Yesterday (12/26) GLD closed at $85.60. A gain of 18.5%.
On 10/24 AUY closed at $4.03. Yesterday (12/26) AUY closed at $6.95. A gain of 72.45%.
On 10/24 ABX closed at $19.89. Yesterday (12/26) ABX closed [...]
For most part of the 2000s, they have to spend a lot of their cash into expensive commodities like oil, cement, steel, aluminum, lumber, rubber, etc.
Now, commodity prices are so darn cheap and they have the reserves to enable more infrastructure buildup. Remember, they will have to develop their infrastructure no matter what - [...]
By Tom Barkley
WASHINGTON (Dow Jones)–The outlook for the global economy has darkened
considerably, with the ever-spreading financial crisis expected to push several
advanced economies into recession, the International Monetary Fund said
Wednesday.
“The world economy is now entering a major downturn in the face of the most
dangerous shock in mature financial markets since the 1930s,” the IMF said in [...]
In a luncheon speech in Salt Late City, Janet Yellen, the president of the San Francisco Federal Reserve Bank, said that the recent drop in oil and other commodity prices made it easier for the Fed to hold rates steady until the road ahead clarified.
“The recent drop in commodity prices has improved the policy choice [...]
Fed officials differ on inflation outlook
Yellen says oil price drop make it easier to hold rates at 2%, Fisher disagrees
By Greg Robb, MarketWatch
Last Update: 9/4/2008 3:25:00 PM
WASHINGTON (MarketWatch) - Two senior Fed officials differed sharply Thursday on
whether the Fed could afford to hold interest rates at 2% given the inflation
outlook.
In a luncheon speech in Salt [...]
JACKSON HOLE, Wyo. (Dow Jones)–Federal Reserve Chairman Ben Bernanke Friday
signaled he isn’t contemplating higher interest rates despite what he called a
“jump” in inflation, saying he expects those pressures to subside.
Bernanke also said officials “remain focused” on addressing risks to the economy
and financial markets which have led officials to maintain a “relatively low”
federal-funds rate target for [...]
DOW JONES NEWSWIRES
With the price of gold trading below the key $800 level, and silver futures
falling to a two-year low, mining companies are getting hit in premarket trading.
Commodity futures have been easing the past month, and the past week in
particular, as the dollar has gotten off the mat and begin to [...]
Watershed’ increase for dollar
By Peter Garnham in London and John Authers in New York
Published: August 8 2008 19:17 | Last updated: August 8 2008 19:17
The US dollar enjoyed its biggest one-day jump against the euro in eight years on Friday, as the long-running tendency of the dollar to weaken while commodity prices strengthened went into [...]
LONDON (MarketWatch) — Gary Stern, president of the Federal Reserve Bank of Minneapolis, believes the credit crunch will continue for several quarters and could still get worse, according to an interview with the Financial Times newspaper. Stern said that with its core interest rate at 2%, the Fed is well-placed to cope with further weakness [...]
FED WATCH: Chicago Fed Paper Argues Inflation A Global Issue
Last Update: 7/21/2008 12:36:47 PM
By Michael S. Derby
A DOW JONES NEWSWIRES COLUMN
NEW YORK (Dow Jones)–Inflationary pressures faced by major industrialized
nations are increasingly global in nature, and that suggests policy makers may
want to more closely coordinate their monetary policy actions [...]
By Simon Kennedy
June 15 (Bloomberg) — Finance ministers from the Group of Eight nations said surging food and fuel prices have replaced the credit squeeze as the biggest threat to the world economy.
“The predominant concern is the inflationary effect that oil in particular and also food prices are having,” U.K. Chancellor of the Exchequer Alistair [...]
US MORNING BRIEFING: Analyst Ratings Changes
Last Update: 6/13/2008 6:34:38 AM
DJIA Futures 12118.0 -40.0 -0.3%
S&P 500 Futures 1342.4 -0.8 -0.1%
Nasdaq Futures 1934.8 -4.3 -0.2%
Above are as of 0615 ET
FTSE 100 [...]
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