“Before they do anything as dramatic as raising rates they’ll want to be sure the loans market has recovered,” Moos said yesterday in an interview in Moscow. “I’d say we’ll come back from summer and in the fourth quarter they could raise rates.”
Comments »European Markets Solidly in the Red
Asian Markets Flip Flop From Red to Black
Singapore’s Growth Doubled Analysts Expectations; Central Bank to Allow Currency to Float Higher
Now this is growth: “The Singapore dollar jumped to a record after a trade ministry report showed gross domestic product rose at an annual rate of 23.5 percent last quarter from the previous three months. That’s up from 3.9 percent in the fourth quarter, and compares with the 11.4 percent median estimate in a Bloomberg News survey of 14 economists. The central bank said separately it will allow the Singapore dollar to appreciate more.”
Comments »Oil Down, But Gold and Silver Trade Higher on Inflation and Geo-Political Woes
“Oil slipped to trade near its lowest in two weeks in New York on speculation that price gains from the biggest drop in U.S. gasoline supplies in 12 years may have been excessive…..On April 12 the International Energy Agency reported signs of a “slowdown” in oil demand. The previous day the International Monetary Fund lowered its growth projections for the U.S., the largest consumer of crude.”
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Gold may gain for a second day in London as a weakening dollar and concern about inflation boost demand for the metal as an alternative investment. Silver rose to within 1.4 percent of a 31-year high.
The dollar today touched a 16-month low against six major currencies on speculation theFederal Reserve will lag behind the European Central Bank in raising interest rates. Data this week may show European and Chinese inflation quickened last month. Concerns about Japan’s nuclear disaster, fighting in Libya and European debt helped gold reach a record $1,478.18 an ounce on April 11. Gold typically moves inversely to the dollar.”
Comments »Collusion Still Being Investigated on Big Banks and LIBOR
Perhaps collusion should also be investigated for the entire housing crisis that took place….just a thought
Comments »BRIC Countries Flex Their Muscles
“…the recent financial crisis had exposed the inadequacies and deficiencies of the current monetary order, which has the dollar as its linchpin….The BRICS are worried about the long-term fate of the dollar because of America’s large trade and budget deficits. They also begrudge the privileges that come with being the leading reserve currency – hence the call for a revamped system that is more stable.”
Comments »IMF States The World’s Banks Must Deal With $3.6 Trillion in Maturing Debt
“Overall, the IMF said global financial stability has improved over the past six months.
The most pressing challenges in the coming months will be funding of banks and sovereigns, particularly in vulnerable euro area countries, it said.”
Comments »China May Tighten Again as FX Reserves and Money Supply Grew Enormously
TEPCO: Reactor 4 Has Damage to Fuel Rods
Senate Investigation Subcommittee Concludes The Financial Crisis…
was caused by rating agency failure, conflict of interest, failure of regulatory bodies, and excessive greed…..
