Feb 21, 2010

Daily Markets - Financial News And Opinions

Daily Markets - Financial News And Opinions


Top 5 Graphs For The Week Ended 20 February 2010

Posted: 21 Feb 2010 07:45 AM PST

This week we look at Japanese GDP figures which show an improving situation, poor performance in UK retail sales, a lift in UK inflation, a pause in US inflation, and the start of the US Federal Reserve testing the exit strategy waters in policy normalisation. So thematically I suppose we’ve got a bit of a growth and inflation slant this time.

Thus we’ve got what were for a time the 3 main financial centers in this article, where the growth situation is mixed; the UK really just … [visit site to read more]


UAE Recovery Hinges On Dubai World Debt Restructuring

Posted: 21 Feb 2010 07:00 AM PST

The International Monetary Fund said it estimates the total Dubai debt at around $86 billion, not including what it terms 'bilateral bank loans'.
'Bilateral lending is a bigger concern to us since the scale of lending could be very large and data is practically non-existent,' the bank said in an annual report.
The IMF also repeated its stress on the importance of the operational restructuring of the Dubai Government owned entities at the heart of the debt problem, and said it thought … [visit site to read more]


Will The US Government Take Over Your IRA?

Posted: 21 Feb 2010 05:01 AM PST

Is the launch of government sponsored annuities a precursor to the formal takeover of your retirement accounts by Uncle Sam?

The groundwork for this possibility is being laid by the powers that be in Washington. Will it come to fruition? Only time will tell, but did you think developments over the last 18 months would ever happen? While we can hope for the best, we should prepare for the worst - including the potential reality of having Uncle Sam take control of your retirement … [visit site to read more]


Misguided Regs Caused The Financial Mess

Posted: 20 Feb 2010 01:00 PM PST

So many explanations have been offered for the financial crisis, then reheated and reexamined, that it's nearly impossible to imagine a new theory worth considering. However, Jeffrey Friedman of the Cato Institute has found one. He looks at a little-discussed regulatory mechanism that incentivized banks to put a disproportionate share of capital into what turned out to be some very toxic assets.  
Friedman explains in the Cato Policy Report:
"In 1988, financial regulators from the … [visit site to read more]


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