Tag Archives: Second Quarter

China’s Iron & Steel Industry to Recovery by Q2, 2009

JP Morgan announced in its report yesterday that “The Stimulus Package‿of Chinese government would help iron and steel demand to recover by the second half of year 2009.
It’s also predicted in the report that steel price would rebound from the bottom in the first quarter of next year.
Analysts indicated that present stage should be the [...]

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Why the market should go up on this encouraging data

First:
“After getting a big boost from the tax rebates in the second quarter, inflation-adjusted after-tax incomes fell 8.7%, the largest quarterly decline since the record-keeping began in 1947. Incomes fell much more in the Great Depression, when annual records were kept.”
COMMENT: This is great news, we aren’t as bad as the Great Depression yet! [...]

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Hedge funds’ assets off $210 billion in third quarter

SAN FRANCISCO (MarketWatch) — Hedge funds saw a record $210 billion drop in assets under management during the third quarter as investors redeemed an unprecedented amount of money from the industry after poor performance, according to a survey released Friday.
“With losses continuing through October, it appears that 2008 will be the worst year on record [...]

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Citi analyst issues dour outlook for U.S. economy

By John Letzing
SAN FRANCISCO (MarketWatch) — A Citigroup analyst late Monday issued a dour outlook for the U.S. economy, writing in a note to clients that the recent crisis has “broken the bounds of any previous, merely cyclical event.” Citigroup analyst Steven Wieting wrote that tightening financial conditions and weakening economic activity are expected to [...]

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UBS Faces Further $5 Bln Writedowns - Report

UBS Faces Further $5 Bln Writedowns - Report
Last Update: 9/14/2008 10:01:28 AM
ZURICH (AFP)–Switzerland’s biggest bank UBS AG (UBS) is set to write down a
further $5 billion in assets amid continuing financial turmoil, Swiss weekly
SonntagsZeitung reports Sunday.
The bank will post the loss in the second half of the year and is likely to
inform markets just before [...]

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