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iStockAnalyst.com (Free subscription) | yesterday
U.S. stocks extended a global drop as concern grew that the rally has outpaced the prospects for economic growth. The yen and the dollar strengthened, oil tumbled and yields on Treasury three-month bills turned negative for the first time since financial markets froze last year. [More...]
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Market Watch (Free subscription) | 11/19/2009
NEW YORK (MarketWatch) - U.S. stocks finished lower Thursday, continuing a global decline sparked by worries equities' rise had reached beyond likely economic growth. Bank of America's downgrade of chipmakers further dented investor sentiment. Well off its intraday lows, the Dow Jones Industrial Average lost 93.87 points, or 0.9%, at 10,332.44. The S&P 500 Index dropped 14.9 points, or 1.3%, at...
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CARPE DIEM (Free subscription) | 11/19/2009
Somewhat surprisingly, the Economic Research Service of the U.S. Department of Agriculture has some great international historical macroeconomic datasets . According to its website: The International Macroeconomic Data Set provides data from 1969 through 2020 for real (adjusted for inflation) gross domestic product (GDP), population, real exchange rates, and other variables for the 190 countries and...
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Market Watch (Free subscription) | 11/19/2009
LONDON (MarketWatch) -- The Paris-based Organization for Economic Cooperation and Development on Thursday said a recovery across its 30-member area is picking up steam thanks to stimulus measures and other interventions. In its semi-annual Economic Outlook, the OECD said it now expects U.S. gross domestic product to shrink 2.5% in 2009, followed by growth of 2.5% in 2010. In June, the OECD forecast...
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Urbanomics (Free subscription) | 11/18/2009
In the backdrop of a global economic recession and a world economy plagued with fundamental macroeconomic imbalances, as President Obama embarks on his maiden visit to China, the elephant in the room is clearly China's weak currency policy. China's obstinacy to use it massive forex reserves to keep the renminbi pegged (at 6.83 to a dollar since mid-2008) to a declining dollar so as to artificially...
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iStockAnalyst.com (Free subscription) | 11/16/2009
US stocks finished with solid gains on Monday after Federal Reserve chairman Ben Bernanke said that the central bank is likely to keep interest rates exceptionally low for "an extended period," in order to encourage economic growth. [More...]
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Market Watch (Free subscription) | 11/16/2009
SAN FRANCISCO (MarketWatch) -- The U.S. dollar held to losses against its major rivals Monday after Federal Reserve Chairman Ben Bernanke, in remarks prepared for a speech in New York, said the U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation. The U.S. dollar index traded at 74.918, down about 0.5% for the day. The euro...
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Market Watch (Free subscription) | 11/16/2009
NEW YORK (MarketWatch) -- U.S. stocks lost a bit of steam in midday trade Monday, after Federal Reserve Chairman Ben Bernanke said the most likely outcome for the economy is moderate economic growth with subdued inflation. Up nearly 150 points before the speech, The Dow Jones Industrial Average last gained 111 points, or 1.1%, to 10,381. The S&P 500 index rose 14 points, or 1.3%, to 1,108, while...
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Market Watch (Free subscription) | 11/16/2009
NEW YORK (MarketWatch) -- Crude and gold futures remained higher Monday after Federal Reserve Chairman Ben Bernanke said the U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation. December crude rose 3.2% to $78.78 a barrel, and December gold was up 1.4% at $1,132 an ounce. Market Pulse Stories are Rapid-fire, short news bursts...
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Market Watch (Free subscription) | 11/16/2009
NEW YORK (MarketWatch) - The U.S. economy still faces considerable challenges, but the most likely outcome is moderate economic growth with subdued inflation, Federal Reserve Chairman Ben Bernanke said Monday. "I expect moderate economic growth to continue next year," Bernanke said in remarks to the Economic Club of New York. "Final demand shows signs of strengthening, supported by...
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Market Watch (Free subscription) | 11/16/2009
U.S. stocks are higher Monday as a report of robust economic growth in Japan sparks a rally in energy and materials issues.
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SeekingAlpha.com (Free subscription) | 11/16/2009
The relationship between the relative strength of the US Dollar and its effect on the bond market is important for investors to understand. This is mainly a macroeconomic relationship, although the drivers of supply and demand are not always obvious. Currency markets are measured by relative value. The appreciation or depreciation of one currency is always in the context of how it relates to a foreign...
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SeekingAlpha.com (Free subscription) | 11/16/2009
Data released Friday confirmed that the Eurozone, as well as the U.S. (+3.5% q/q annualized) and China (+8.9% y/y), joined the global recovery in the third quarter. In line with the improvement recorded in industrial production, Eurozone GDP grew 0.4% q/q, only slightly lower than the +0.5% q/q expected by the consensus. German GDP, +0.7%, came in substantially in line with market expectations, while...
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Investing Blog (Free subscription) | 11/14/2009
Recent unemployment numbers in the 200,000 region contrast nicely to the 4-600,000 jobs lost per month early in 2009, but it may be only a few short months until employment picks up again. 2-3Q Rule History shows us that employment gains typically come 2-3 quarters following economic growth. Though it is still too early [...]
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The Goat Rope (Free subscription) | 11/13/2009
The Tao Te Ching , for my money the wisest book ever written, has a line in it that has confused readers for 2000 years or so: Give up sainthood, renounce wisdom, And it will be a hundred times better for everyone. I'm with Lao Tzu on that one. It seems to me that when members of an inherently flawed species adopt impossible standards of righteousness and purity, they can often wind up doing more harm...
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konaxis | 12/10/2008
China’s State Council, during an executive meeting has identified 10 major areas where actions to stimulate domestic consumption and economic growth shall take place. Here are the 10 major steps in 10 major areas towards economic development: *Housing Build more affordable and low-rent housing, speed up slums clearing, expand the program to rebuild rural housing and encourage nomads to settle down....
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iihsindia | 12/01/2008
Indonesia has emerged as one of the rapidly growing food and drinks industry in the South East Asia. Various factors, such as economic growth, increasing urbanization, young affluent population, and numerous regional food health and safety concerns have led to a surge in the industry. Considering the growth potential, numerous domestic and international players have set up their facilities in a move...
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prakash m apte | 11/14/2008
CALCUTTA : STEMMING THE TIDE Prakash M. Apte The root cause, therefore, of the rapid growth of Calcutta is regional imbalance in terms of the economic growth of neighbouring states. Even within the state of West Bengal there is no other comparable centre affording mass employment.