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LiveWire Economics Blog - January 8, 2008 14:02
Jawboning
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 breaks $100 while dollar turns sour again to start New Year
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. As oil prices soar and Wall Street remains uncertain about its next move, the dollar has slipped back against European, Asian, and other world […]
An early warning?
Having traded through 2007 in very volatile conditions most market participants have taken on board the need to ensure that risk management is at the forefront of their plan. Even with risk management it has been a very frustrating experience for many attempting to trade over the longer term.
2008: Dollars, Gold & the Tasty New Whopper Sauce
WHO CAN REALLY SAY what 2008 will bring? A post-Olympics slump in China, perhaps, tipping its near-10% annual rate of expansion into an historic depression…The first annual fall since 1995 might also hit UK real estate too, unwinding a chunk of the near-quadrupling of London house prices…
Year starts sour on weak factory data, $100 oil (Reuters)
Year starts sour on weak factory data, $100 oil (Reuters) Reuters – U.S. stocks sank on Wednesday, with the Dow getting off to its worst-ever start to a year, after data showed a surprise contraction in manufacturing and oil surged to $100 a barrel, raising the specter of stagflation. Source: news.yahoo.com
Crude oil hits record $100 for first time
Crude oil hits record $100 for first time By Edmund Conway, Economics Editor Crude oil has hit the $100 milestone for the first time in history, as a host of commodities smashed through record levels. Analysts warned that inflation and high energy prices would remain a key threat on the Source: c.moreover.com
Year starts sour on weak factory data, $100 oil (Reuters)
Year starts sour on weak factory data, $100 oil (Reuters) Reuters – U.S. stocks sank on Wednesday, with the Dow getting off to its worst-ever start to a year, after data showed a surprise contraction in manufacturing and oil surged to $100 a barrel, raising the specter of stagflation. Source: news.yahoo.com
Crude oil hits record $100 for first time
By Edmund Conway, Economics Editor Crude oil has hit the $100 milestone for the first time in history, as a host of commodities smashed through record levels. Analysts warned that inflation and high energy prices would remain a key threat on the Read More…
Mixed housing market reports close 2007, 2008 financial markets prompt concern.
The National Association of Realtors (NAR) announced today that November existing home sales were up .4%, the first such increase in nine months. This is the second positive report from November’s housing market as last week it was reported that foreclosures fell 10% during the month.
Oil and Gold prices near record highs with Bhutto assassination
Oil and gold prices both hover just below all time highs as of this morning (December 27), following the assassination of Pakistani opposition leader Benazir Bhutto. As with any political assassination, unrest tends to have an impact on world pricing depending on the location and nature of the tragic event.
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