The Fed’s Deadly Inflation Corp.?

May 19, 2008 | Leave a Comment

AS THE U.S. and British housing bubbles continue to deflate, leaking stale gas like an air-bed blown up when you’re drunk, just how much trouble will come from government schemes aimed at saving over-geared debtors and over-lent lenders? Read more

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The Weekly Report

May 19, 2008 | Leave a Comment

Welcome to the weekly report. This week we look at inflation and deflation, the Dow, gold and FTSE but start with a look at a recent speech by William C. Dudley who is the executive vice president of the Markets Group at the Federal Reserve Bank of New York. He is also the manager of the System Open Market Account for the Federal Open Market Committee. The Markets Group oversees domestic open market and foreign exchange trading operations and the provisions of account services to foreign central banks.

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Gold Hits 3-Week High

May 16, 2008 | Leave a Comment

PHYSICAL GOLD BULLION prices rose sharply in London on Friday, gaining 1.1% to reach a three-week high of $894 per ounce as European stock markets pushed higher and US Treasury bonds slipped. Read more

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Housing markets lagging credit

May 16, 2008 | Leave a Comment

While news events and comments on Tuesday brought to light the hopeful sentiments bouncing around credit markets, most of the news in housing still appears to be negative. Federal Reserve Chairman Ben Bernanke commented Tuesday that credit markets might have seen their worst moments. These comments were much in line with the sentiments of other central bank board members and leading credit market analysts. Read more

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Mr King writes a Letter

May 15, 2008 | Leave a Comment

Dear Gordon Alistair,

Firstly I would like to say thank you for giving me the opportunity to lead the Bank of England for another term. Now that I am securely in post, I feel I can relax a little and say more of what is on my mind. Of course that may not sit comfortably with you but I am sure you agree that I have to be seen as independent from the Government, which may entail the odd snippet of bad news.

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Gold Bounces into US Open

May 14, 2008 | Leave a Comment

THE PRICE OF GOLD BULLION fell at the opening in London on Wednesday, slipping to a 7-session low of $860.50 per ounce before bouncing almost 1.0% as New York opened for business and the US Dollar fell against the Euro. Read more

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Credit markets through the worst?

May 14, 2008 | Leave a Comment

Commentary recently from Central Bank members and analysts alike have suggested the possibility that the US credit turmoil has seen its climax and is beginning to fade. Fed Chief Ben Bernanke added to the sentiment today in his comments. While he said the situation is certainly note ideal, credit markets appear to be in much better shape than they have been. Read more

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Gold settles back below $900

May 9, 2008 | Leave a Comment

Oil and retail gas prices set new records again today (May 8). Oil futures climbed over $124 per barrel in New York trade, while the national retail price index showed an average of $3.65 per gallon. The latest surged in oil and gas have coincided with the recent modest slide in the dollar. Contrary to oil’s ability to continue upward in price in spite of the gradual return of the dollar over the last month, gold has seen a strong dip during the same period. Read more

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