Eggertsson Theory, Armstrong and Timing

March 27, 2009 | Comments Off

An Occasional Letter from the Collection Agency. Eggertsson Theory, Armstrong and Timing. Who’s that knocking on the door? Who’s that ringing the Bell? It’s time for another visit by your friendly Collection Agency to offer timely advice and to remind you of his previous excellent record. You should all know by now that the Collection Agency doesn’t pull any punches and has ensured that subscribers have been well ahead of developments in the global macro economy. Read more

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Jobless claims a sign of worsening recession?

March 27, 2009 | Comments Off

There are now more Americans accepting unemployment claims benefits than at any other time in history. According to data Thursday (March 26) from the Department of Labor, there are 5.56 million people now collecting unemployment benefits. This was well above the project number of 5.48 million and marks a new record high of continued jobless claims for the ninth consecutive week. Read more

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Gold “Looks Stable, Downside Unlikely”

March 25, 2009 | Comments Off

THE PRICE OF GOLD ticked lower once more early Wednesday, bouncing higher from $918 an ounce for the second day running in London as world stock markets rallied on a strong Wall Street start. Read more

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Stocks pull oil and gas prices higher

March 25, 2009 | Comments Off

Despite a 115 point drop in the Dow on Tuesday (March 24), the stock market continues to ride the wave of a tremendous 2-week rally that has left the blue chip index around 1,000 points higher than its near-term low water mark. Following stocks higher have been the prices of oil and gasoline. Read more

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Euro bounces against the dollar

March 20, 2009 | Comments Off

So much for sub-$1 euros. The euro is headed higher against the dollar and made a powerful move Wednesday and Thursday (March 19) as US financial markets centered on the credit sector. Wednesday, the Fed announced that interests would be left near zero per cent, which put pressure on the greenback. Read more

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Credit sector back in focus

March 18, 2009 | Comments Off

Stocks continue to ride the wave of a financial sector rebound. After a hesitation on Monday, the market picked back up with a rally that is now about a week long. The Dow gained 179 points on Tuesday (March 17). The main driver of the recent gains has been the battered credit sector. Read more

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Gold Slips with Dollar

March 16, 2009 | Comments Off

THE PRICE OF GOLD slipped 1% early Monday in London, falling alongside the US Dollar as world stock markets jumped. By lunchtime in London, the FTSE100 index stood back at this month’s opening level – and more than 9% above the six-year low hit on March 5th – after the weekend’s G20 meeting of leading policy-makers agreed a rough plan for buying up “impaired assets” from international finance houses. Read more

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Oil nears $50 per barrel

March 13, 2009 | Comments Off

With some modest signs of economic life and with a third consecutive day of stock gains that have pushed the Dow higher by over 600 points since Monday, crude oil prices are on the rise. Light sweet crude futures contracts for April delivery climbed $4.70 on Thursday to settle at $47.03 per barrel in New York trade. Read more

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