Few expect the U.S. Federal Reserve's FOMC to announce any change to the current monetary policy. The Fed Funds rate target is expected to stay at 0.25%, despite effective rates closer to 0.1%, while language will promise that purchase programs of private debt and Fannie/Freddie mortgage products are soon to wind down. Conditions of the
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As Bank of America (BAC) recently announced plans to repay it's $45 billion borrowed under the TARP program, simultaneously news broke covering the request for deferral of nearly $60 billion of borrowed funds by the Dubai World sovereign fund. One could deem the global financial arena murky at best, as anticipated economic data will cover
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On October 23, 2009 we endorsed a position in the Peruvian gold mining firm Beunaventura Mines (BVN) in the article titled Profiting From Volatile Crude Oil Prices and Safe Guarding Your Dollars. Since October 23, BVN has moved from $36.97 to the Friday December 4, 2009 closing price of $39.84, capturing a 7.8% gain. Continuous spot
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We can all remember the panic that gripped financial markets in the dissimilar fall to winter season of 2008, where hoards of cash were brought to the sidelines and even the "Oracle of Omaha" went on record claiming "cash is king". This time around cash is anything but "king", at least if it's the United
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The United States is bubbling with populist outrage over the recession, deemed to be caused by financial institutions, and the essentially ineffective response provided by the government and monetary policy makers. The House of Representatives has voted on an amendment to the Barney Frank Financial regulation bill, which enforce a financial audit of the Federal Reserve 180 days after
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While the phenomenon hasn't received much attention, the Nikkei 225 headline Japanese stock index has diverted course from all other major economic player stock exchanges. The Nikkei turned negative on August 14, 2009 and hasn't been able to resume the congruent pattern that all other major stock market indexes seem to be following. One can
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The five day trading week spanning November 16-20, 2009 will leave few stones unturned as the current economic strength is weighed and measured via the Retail Sales, Industrial Production, New Housing Starts, and Leading Indicator reports. Retail Sales The September report showed negative growth in total sales on the back of a massive pullback from the
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While we all first learned that bonds and stocks perform "inversely" of each other, because bonds are relatively safe while equity shares are more risky, it should be understood that this is firstly and finally a ridiculous adage to waste a moment recalling. The oversimplified credence should, and soon will be, destroyed once and for all as long term
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