FOMC Meeting: No Shock There

The jobless rate-interest rate conundrum

Just about everywhere you look these days in the financial media, when the topic of discussion turns to the plunging U.S. dollar, you'll hear someone saying something like, "Unless the Fed raises interest rates, the dollar's got nowhere to go but down".And then someone invariably says, "But the central bank can't raise interest rates. Not with the unemployment rate at over ten percent!"What's a central banker to do?A look at history with the help of the chart below sheds some light on the current jobless rate-interest rate conundrum and, as... Continue Reading

EXPERT OPINIONS More Opinions
Tim Iacono
Marketplace
Critical moment for "Audit the Fed" effort
It looks like today will be an important day for those, on one side, who seek to shine a little more light on the operations of the Federal Reserve and those, on the other side, hoping to keep prying...
Tushar Mathur
Personal Finance
Should I invest in ETFs or Conventional Mutual Funds
Investors seeking an index investment nowadays can choose to put their money into either conventional fund shares or exchange-traded funds (ETFs), but deciding which to pick may seem perplexing. Many...
Lloyd Sakazaki
Investor Education
Perpetual Income Generation
A student who earned a few thousand dollars over the summer working remarked to me yesterday, "I don't know how I'm going to spend the money if I don't use it to travel over the holidays."At first,...
Corey Rosenbloom
Currency
Color Daily EURUSD Forex Chart Shows Lengthy Divergences
Instead of looking at the Euro Index, let’s take a look at the Euro - US Dollar FOREX Pair - EURUSD - and see the current ‘color chart’ along with two sets of momentum divergences and an...
Trent Hamm
Stocks
The Meaning of the Dow Jones Industrial Average
Mickey writes in: In the last week, the Dow Jones Industrial average closed at a thirteen month high and, at the same time, unemployment hit double digits for the first time since the early...
Corey Rosenbloom
Trading
Two Quick Intraday Fibonacci Retracement Examples
Today’s intraday price action gave me a chance to show you two specific Fibonacci Retracement grid examples of how to use the “Fibonacci Retracement” tool to find potential trade entries or...
Tim Iacono
Energy
Guess the year-end price of oil and gold!
There are only a few days left for readers to enter their year-end guesses for the seventh installment of the semi-annual "Guess the price of oil and gold contest" where the lucky winner will receive...
Joe Marchelewski
Alternative Investments
Warren Buffet to Investors – Buy Private Jets
Warren Buffet, one of the world’s foremost investors, had a special message to investors in London – forget stocks, but private jets. Buffet, who rarely visits London, was not too positive...

United States

The new face of U.S. mortgage lending
Today's must read housing market news comes via this story in the Washington Post where the near total control of the U.S. mortgage market by the U.S. government is detailed.Mortgage Market Bound by Major U.S. RoleClasses of Borrowers Cannot Find Loans as Publicly Backed Debt MountsBy Zachary A. Goldfarb and Dina ElBoghdadyIn the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the market, aggressively pursuing borrowers no matter their means or... Continue Reading

International

Random Shots
As I am preparing for a tournament this weekend in Sweden I only have time for some random shots, but then again; taking random shots seem to be exactly what the markets are all about at the moment. The first such random shot came from today's release of the GDP figures from Europe which showed, with much fanfare, how the Eurzone (and Europe) is now effectively out of recession. (quote Bloomberg) The euro-area economy emerged from its worst recession since World War II in the third quarter as exports from Germany and France helped compensate for households’ reluctance to increase spending Gross domestic product in the economy of the 16 nations using the euro rose 0.4 percent from the second quarter, when it fell... Continue Reading

 TRADE RECOMMENDATIONS
Bookkeeping: Beginning Starter Stake in Ctrip.com (CTRP)

Aside from E-House Holdings (EJ) which completely fell flat on its face, one of the best earnings reports of the past few weeks was Ctrip.com (CTRP). ...
Infectious Greed: Detroit v Rest of US in Unemployed Per Job Posting

Hat tip to Paul Kedrosky for this eye opening chart.  The source data can be found here but as they say a picture is worth a thousand words; clearly there...
Minyanville.: Our Economy is on Steroids

Below is a guest post, reprinted with permission of author Vitaliy Katsenelson who writes often at Minyanville.com.   I don't have as much time to...
S&P 1100 Current Pivot Point

All eyes microchips seem pointed at S&P 1100.  As we wrote Monday during the morning surge: I hate to use the word "resistance" anymore since all...

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  MARKET

No End in Sight for Housing Market Decline

Housing Pending home sales numbers show housing prices may have further to fall, but for how long?

The Subprime Meltdown

HousingThe subprime mortgage crisis was the beginning of the problems that are still being discovered. What happened?



Investing in Soccer Clubs

chelseSoccer Clubs are becoming a hot commodity among foreign investors who realize soccer’s potential to create tremendous returns.

Trading The Election

Since everybody has already been talking about the future elections of 2008, some people consulted a different kind of poll: the 2008 election futures markets at Intrade, the Dublin-based online futures exchange.

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Turkey
Turkey is an island of  stability in the Muslim world. The country currently enjoys rapid economic growth as well as political stability.
 

Russia

RussiaThe essence of Russia's economic reform is laid with privatization. This was a very necessary step as it has a direct influence on the amount of foreign direct investment into the country.

China

Brazil

In 2004, China's GDP surpassed that of Italy for the first time in history, making China the sixth-largest economy in the world. China's GDP in 2005 reached US$2.26 trillion, US$94 million more than that of the United Kingdom.

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