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To: The Wharf who wrote (130)1/28/2012 12:33:53 PM
From: The Wharf
   of 367
 
During 2011 (that is, measured from the fourth quarter of 2010 to the fourth quarter of 2011),
real GDP increased 1.6 percent. Real GDP increased 3.1 percent during 2010. The price index for gross
domestic purchases increased 2.5 percent during 2011, compared with an increase of 1.4 percent during
2010.

GDP 2011 had a slight increase of 1.6% but domestic purchases increased ............2.5%
GDP 2010 had a increase of 3.1% but domestic purchase increased 1.4 %

II have not posted all figures but it seems rather clear this is related to supply and demand and of course inflation..

Cost savings can perhaps be part of the cause reduction of GDP

Unemployment remains high in LA

Currency and paper swap mess.

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To: The Wharf who wrote (131)1/29/2012 10:49:25 AM
From: The Wharf
   of 367
 
The Bureau emphasized that the fourth-quarter advance estimate released today is based on
source data that are incomplete or subject to further revision by the source agency (see the box on page
4). The "second" estimate for the fourth quarter, based on more complete data, will be released on
February 29, 2012.

The increase in real GDP in the fourth quarter reflected positive contributions from private
inventory investment, personal consumption expenditures (PCE), exports, residential fixed investment,
and nonresidential fixed investment
that were partly offset by negative contributions from federal
government spending and state and local government spending. Imports, which are a subtraction in the
calculation of GDP, increased.


Difficulty of balancing a budget is creation of new laws that add cost to the operation of the gov. Catch twenty two one mess creates another.


Bank of Canada Governor Mark Carney said he’s concerned U.S. regulators’ recent efforts to prevent deposit-taking banks from trading with their own money could make markets less efficient.

The latest draft of the so-called Volcker rule looks like it might prevent banks from buying securities in the course of conducting trades for clients, Carney said in an interview with Bloomberg Television’s Erik Schatzker at the World Economic Forum in Davos, Switzerland.

Goldman Sachs, the fifth-biggest U.S. bank by assets, made 60 percent of its revenue from trading last year.


There are assorted banks perhaps problem lies in the definition of what type of bank?

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To: The Wharf who wrote (132)2/4/2012 5:38:28 PM
From: The Wharf
   of 367
 
tal nonfarm payroll employment rose by 243,000 in January, and the
unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor
Statistics reported today. Job growth was widespread in the private
sector, with large employment gains in professional and business
services, leisure and hospitality, and manufacturing. Government
employment changed little over the month.

After accounting for the annual adjustments to the population
controls, the employment-population ratio (58.5 percent) rose in
January, while the civilian labor force participation rate held at
63.7 percent

The number of persons employed part time for economic reasons, at 8.2
million, changed little in January.

In January, 2.8 million persons were marginally attached to the labor
force, essentially unchanged from a year earlier. (The data are not
seasonally adjusted.) These individuals were not in the labor force,
wanted and were available for work, and had looked for a job sometime
in the prior 12 months. They were not counted as unemployed because
they had not searched for work in the 4 weeks preceding the survey.
(See table A-16.)

Among the marginally attached, there were 1.1 million discouraged
workers in January, little different from a year earlier. (The data
are not seasonally adjusted.) Discouraged workers are persons not
currently looking for work because they believe no jobs are available
for them. The remaining 1.7 million persons marginally attached to the
labor force in January had not searched for work in the 4 weeks
preceding the survey for reasons such as school attendance or family
responsibilities. (See table A-16.)

Total nonfarm payroll employment rose by 243,000 in January. Private-
sector employment grew by 257,000, with the largest employment gains
in professional and business services, leisure and hospitality, and
manufacturing. Government employment was little changed over the
month. (See table B-1.)

The total
nonfarm employment level for March 2011 was revised upward by 165,000
(162,000 on a not seasonally adjusted basis). The previously published
level for December 2011 was revised upward by 266,000 (231,000 on a
not seasonally adjusted basis).

An article that discusses the benchmark and post-benchmark revisions,
the change to NAICS 2012, and the other technical issues, as well as
all revised historical Current Employment Statistics (CES) data, can
be accessed through the CES homepage at www.bls.gov/ces/. Information
on the revisions released today also may be obtained by calling (202

The adjustment increased the estimated size of the civilian
noninstitutional population in December by 1,510,000, the civilian
labor force by 258,000, employment by 216,000, unemployment by 42,000,
and persons not in the labor force by 1,252,000. Although the total
unemployment rate was unaffected, the labor force participation rate
and the employment-population ratio were each reduced by 0.3
percentage point. This was because the population increase was
primarily among persons 55 and older and, to a lesser degree, persons
16 to 24 years of age. Both these age groups have lower levels of
labor force participation than the general population.





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To: The Wharf who wrote (132)2/4/2012 5:38:29 PM
From: The Wharf
   of 367
 
tal nonfarm payroll employment rose by 243,000 in January, and the
unemployment rate decreased to 8.3 percent, the U.S. Bureau of Labor
Statistics reported today. Job growth was widespread in the private
sector, with large employment gains in professional and business
services, leisure and hospitality, and manufacturing. Government
employment changed little over the month.

After accounting for the annual adjustments to the population
controls, the employment-population ratio (58.5 percent) rose in
January, while the civilian labor force participation rate held at
63.7 percent

The number of persons employed part time for economic reasons, at 8.2
million, changed little in January.

In January, 2.8 million persons were marginally attached to the labor
force, essentially unchanged from a year earlier. (The data are not
seasonally adjusted.) These individuals were not in the labor force,
wanted and were available for work, and had looked for a job sometime
in the prior 12 months. They were not counted as unemployed because
they had not searched for work in the 4 weeks preceding the survey.
(See table A-16.)

Among the marginally attached, there were 1.1 million discouraged
workers in January, little different from a year earlier. (The data
are not seasonally adjusted.) Discouraged workers are persons not
currently looking for work because they believe no jobs are available
for them. The remaining 1.7 million persons marginally attached to the
labor force in January had not searched for work in the 4 weeks
preceding the survey for reasons such as school attendance or family
responsibilities. (See table A-16.)

Total nonfarm payroll employment rose by 243,000 in January. Private-
sector employment grew by 257,000, with the largest employment gains
in professional and business services, leisure and hospitality, and
manufacturing. Government employment was little changed over the
month. (See table B-1.)

The total
nonfarm employment level for March 2011 was revised upward by 165,000
(162,000 on a not seasonally adjusted basis). The previously published
level for December 2011 was revised upward by 266,000 (231,000 on a
not seasonally adjusted basis).

An article that discusses the benchmark and post-benchmark revisions,
the change to NAICS 2012, and the other technical issues, as well as
all revised historical Current Employment Statistics (CES) data, can
be accessed through the CES homepage at www.bls.gov/ces/. Information
on the revisions released today also may be obtained by calling (202

The adjustment increased the estimated size of the civilian
noninstitutional population in December by 1,510,000, the civilian
labor force by 258,000, employment by 216,000, unemployment by 42,000,
and persons not in the labor force by 1,252,000. Although the total
unemployment rate was unaffected, the labor force participation rate
and the employment-population ratio were each reduced by 0.3
percentage point. This was because the population increase was
primarily among persons 55 and older and, to a lesser degree, persons
16 to 24 years of age. Both these age groups have lower levels of
labor force participation than the general population.





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To: The Wharf who wrote (134)2/7/2012 12:40:40 PM
From: The Wharf
   of 367
 
By Joshua Zumbrun

(Updates with data on job openings in ninth paragraph.)

Feb. 7 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke repeated that the job market is still far from healthy after signs of economic improvement over the past year, and he called on lawmakers to reduce the long-term budget deficit.

“We still have a long way to go before the labor market can be said to be operating normally,” Bernanke said in testimony prepared for the Senate Budget Committee that is identical to remarks he gave on Feb. 2 to the House Budget panel. “Particularly troubling is the unusually high level of long-term unemployment.”

The jobless rate unexpectedly fell to 8.3 percent in January, a government report showed on Feb. 3. Bernanke’s testimony today indicated that his views on the health of the labor market haven’t changed, even though he didn’t refer to the January data. The economy added 243,000 jobs last month, according to the report, exceeding the most optimistic forecast in a Bloomberg News survey of economists.

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To: The Wharf who wrote (135)2/8/2012 11:48:48 AM
From: The Wharf
   of 367
 
The numbers are proving Federal Reserve Chairman Ben S. Bernanke’s critics wrong.

More than a year after Republicans from House Speaker John Boehner of Ohio to presidential candidate Ron Paul of Texaswarned that the Fed’s second round of asset purchases risked a sharp acceleration in prices, the surge has failed to materialize. The personal-consumption-expenditures price index rose 2.4 percent for the 12 months ending in December, near the central bank’s 2 percent target.

To me it is very difficult to come up with figures that are accurate as to inflation.
In this case what is not included is how people manage to keep their costs in tow by finding less costly sources to buy the products from;

It is my belief excluding housing inflation has increased higher than this figure states.

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To: The Wharf who wrote (136)6/15/2012 4:11:28 PM
From: The Wharf
   of 367
 
I laughed so hard when I read this as the euro rises.

>>The only problem being, that the more lousy the outlook for Japan economy, the stronger that damn yen seems to go...

/Taro

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From: The Wharf6/23/2012 11:15:16 AM
   of 367
 
No Investor Backlash Over Banks' Credit Downgrades

By Roben Farzad on June 22, 2012

Of course not ! The stocks might even go up and then retrench a bit. Then I think sovereign funds at work and they could end up just a shade above where they are now.

I then think of when USA/ Forbes listed several of the wealthiest people in the world as home grown USA.

As the status changed so did the entire life style of people USA in my opinion.
Currency decreases in value though numerically wages can increase. Same row boat muddy water shorter oars.

Yuck

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From: The Wharf6/25/2012 2:50:31 PM
   of 367
 

http://www.bloomberg.com/news/2012-06-24/brics-biggest-currency-depreciation-since-1998-to-worsen.html
BRICs Biggest Currency Depreciation Since 1998 to Worsen

By Ye Xie and Michael Patterson - Jun 25, 2012 3:20 AM PT

The largest emerging markets, whose economies grew more than four-fold in the past decade, are making losers out of everyone from central bankers to Procter & Gamble Co. (PG) as their currencies post the biggest declines since at least 1998.

For the first time in 13 years, the real, ruble and rupee are weakening the most among developing-nation currencies, while the yuan has depreciated more than in any other period since its 1994 devaluation. P&G, the world’s largest consumer-goods maker, cut its profit forecast for the second time in two months last week in part because of currency losses. Brazil’s Fibria Celulose SA (FIBR3), the biggest pulp producer, asked banks to loosen restrictions on dollar loans as the real hit a three-year low.

Tis a very difficult market. Currency a problem for P&G wrong hedges creates less profit on the balance sheet.

Investors are fleeing the four biggest emerging markets, known as the BRICs, after Brazil’s consumer default rate rose to the highest level since 2009, prices for Russian oil exports fell to an 18-month low, India’s budget deficit widened and Chinese home prices slumped. Investors are bracing for more losses as economic growth slows.

In search of profit growth projections have no allocation for a lull. Budget deficits imply inflation where over heated housing cooling off implies sanity

“I am quite bearish,” Stephen Jen, a managing partner at hedge fund SLJ Macro Partners LLP and a former economist at the International Monetary Fund, said in a phone interview from London. “When the global economy and capital flow slow down, it’s going to expose a lot of problems in these countries and make people stop and ask questions. A run on the currency could be particularly ugly.”

Back to where is the asset and what is asset less currency worth?

Ruble’s Retreat Currencies from Brazil, Russia and India will probably decline at least 15 percent further by year-end, said Jen, the former head of global currency research at Morgan Stanley.

Brazil’s real lost 12 percent this quarter through June 22, the biggest drop among the 31 most-actively traded currencies tracked by Bloomberg. The 11.5 percent depreciation in the ruble and 10 percent drop in the rupee were almost twice the retreat in the euro. China’s yuan, which was kept unchanged during the global financial crisis in 2008 and 2009, fell 1.2 percent since March after the government widened the amount the currency is allowed to fluctuate each day.

The ruble sank 2.4 percent last week, while the rupee fell 2.9 percent to a record low against the dollar and the real dropped 0.8 percent.

I suppose i could say to the guy who is paid in each of these currencies that you have just lost 15% of your income . You are not going to know that until your nation is fighting inflation.



A decade after Goldman Sachs Group Inc. (GS)’s Jim O’Neillcoined the term BRIC, China has become the second-largest economy while Brazil, India and Russia are among the 11 biggest worldwide. Their combined gross domestic product rose to $13.3 trillion last year from $2.8 trillion in 2002 as their share of the global economy increased to 19 percent from 8 percent, according to IMF data. Together, they control $4.4 trillion in foreign-exchange reserves, about 40 percent of the total.


>>“I am quite bearish,” Stephen Jen, a managing partner at hedge fund SLJ Macro Partners LLP and a former economist at the International Monetary Fund, said in a phone interview from London. “When the global economy and capital flow slow down, it’s going to expose a lot of problems in these countries and make people stop and ask questions. A run on the currency could be particularly ugly.”

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To: The Wharf who wrote (139)6/25/2012 2:57:16 PM
From: The Wharf
   of 367
 
Life is not simple as when you choose a stock you have done your homework in you can find there is a problem Glitch has nothing to do with you but the company treasury whose hedge person did not expect a downgrade in a particular nation.

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