LiveWire Economics Blog
LiveWire Economics Blog - January 17, 2008 9:40
Over the past few years I have been watching Commercial Paper (CP) with interest. Itâ€™s the lifeblood of the credit markets and responsible for the ability to create the financial innovations in derivatives.The issue of various types of CP, i.e short term lending, allowed the channelling of funds into SIVsÂ and Conduits to purchase longer […]
Gold prices soared this week to new record highs against the dollar at an amazing $914 before falling back to current levels just above $900.Â The strong surge in the last week left the previous record against the dollar in its wake.Â The new mark established a new high since gold first floated against the […]
The buzz words keep changing, fromÂ 2005 to mid 2007, the word was Goldilocks, or how everything in the financial world was perfect and even if the economy slowed, the landing would be gentle. So gentle that the feather filled pillows of interest rate cuts would be hardly used to cushion the slight brush with […]
With Bankrate.com showing average 30-year fixed mortgage rates at 5.53% in their weekly survey for today (January 10), there has never been a better time for many Americans to refinance their mortgages.Â Even home owners that have purchased at the high end of rates in the last few years with rates steadily hovering between 5.75-6.5% […]
A question that vexes nearly all traders is what defines a bull or bear market? You can choose from a myriad of methods and analysis, both technical and fundamental. There are the old favourites, P/E ratios vs Bonds, Elliott Wave theory, Dow Theory, Cycles, Trends,Â 50 and 200 daily moving average crosses, the list grows […]
Tuesday started promising on Wall Street, as the National Association of Realtors (NAR) announced a potential for an upswing in the US housing market, possibly in late 2008.Â They expressed the possibility of market stabilization.Â However, they also said pending home sales dropped 2.6% in November.
During the mid- to late 1960s, the Lyndon B Johnson Administration tried to deal with the mounting inflationary pressures by direct government influence. Wage-price guideposts were set up, and the power of the presidency was used to coerce big businesses and labor into going along with these guideposts.
Oil prices did not take too long to ring in the New Year with a new record just above $100 per barrel today, before falling back just below the century mark.Â As oil prices soar and Wall Street remains uncertain about its next move, the dollar has slipped back against European, Asian, and other world […]