LiveWire Economics Blog
LiveWire Economics Blog - July 14, 2008 8:58
Welcome to the Weekly Report. Normally at An Occasional Letter From The Collection Agency we try to focus attention on the macro-economic near term effects using the Weekly Report, allowing the Occasional Letter to look further into the future by about 18-24 months. We have reached a stage now where it is becoming difficult to […]
Thursday (July 10) was another in a long run of recent trading days that shows just how much downward price resistance is in the way of crude oil. Following another recent dip, which pushed the commodity down to $135, light sweet crude oil speculators pushed oil futures back up over $140 with a $5 gain […]
Tuesday (July 8), Federal Reserve Chairman Ben Bernanke finally shared some of the details about new Fed plans to crackdown on some of the deceptive and unethical home lending practices that most believe have contributed to the housing and credit mess. Largely a response to demand from Americans and law makers, the Fed wants to […]
Welcome to the weekly report. This week we look at the Bank for International Settlements (BIS) latest utterances and look at the chart of a hedge Fund showing unusual price action. We start with a look at some “suggestions” made by the BIS in its 78th annual report. This is probably the most important global […]
BACK IN 1969 the International Monetary Fund (IMF) created a new kind of money â€“ the ultimate form of international money, it believed â€“ called the Special Drawing Right.
Gold has been on the rise in recent days and weeks, as the dollar has softened. Similar to oil, gold is a commodity that tends to move inversely with the dollar during uncertain economic times. Earlier in 2008, the gold spot rate soared to a record near $1,020 per ounce, its highest point since the […]
The dollar, which had remained relatively firm for several weeks despite mounting pressure from rising oil and gas prices, has succumbed a bit to start the new week of currency speculation.Â After clearing 108 yen last week, the dollar currently (July 1) nets just below 106 yen.Â The dollar is also worth just 1.0179 Swiss […]
Welcome to the Weekly Report. This week we get so bearish that even I worry that my personal sentiment indicator may have reached an extreme. We tie up some loose ends and recap Citigroup.