LiveWire Economics Blog
LiveWire Economics Blog - January 30, 2008 11:10
The US House approved overwhelmingly today a $146 billion tax rebate stimulus package agreed to as a compromise between democratic and republican leaders along with Treasury Secretary Paulson, and President Bush.Â The Senate will vote on the bill this week.Â While there is some concern that party leaders on both sides may look to adjust […]
JEROME KERVIEL, fast-overtaking John Law as France’s worst-ever financial mishap, claimed on his most recent resumÃ© to enjoy judo and sailing, as well as running up $7.1 billion in losses for his employers in his spare time. Something of a loner according to the world’s media (only 11 friends on Facebook â€“ can you imagine!), […]
Today I want to look at some longer timeframe indicators that can help to confirm current sentiment and spot eventual potential changes. I am working from the premise that we are entering or are in a recessionary period globally.Â How long this period lasts for and how deep the recession goes are questions that are […]
Itâ€™s not very often you will find me focusing on one share but something rather important has happened to Citigroup [C].Â Firstly let me explain I am not, most assuredly not, recommending any position in Citi.Â I donâ€™t â€œdoâ€ recommendations and as most of you who read my articles know, I prefer to look for […]
Although many financial analysts had been predicting and hoping for a .75 basis point Fed interest rate cut on or before the January 30th Central Bank meeting, todayâ€™s surprise cut announcement caught Wall Street off guard and contributed to one of the more volatile days the equity markets have seen.
The US dollar has remained somewhat range bound against the European currencies as of late, but it continues its dramatic fall against the yen following the new record high this summer of 125 yen per dollar.Â One dollar is currently (January 21) valued at just under 106 yen.
JUST IN CASE YOU’D forgotten â€“ or you’ve set up a hedge fund in London lately â€“ shareholders come last in line when a listed company goes bust.Yes, yes…you get to vote on who sits on the board of directors. You might even get first dibs on any new share issues set to dilute your […]
The US dollar has remained somewhat range bound against the Euro and Pound as of late.Â It currently (January 17) takes $1.4628 to by one Euro, still holding a couple pips under recent record highs.Â The dollar remains relatively strong against the Pound with $1.97 fetching one Pound.Â The dollar is currently ten pips stronger […]