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Will The U.S Dollar Continue To Be The Reserve Currency?

December 30, 2010

<Click on chart for larger image> Bloomberg.com – Pimco Says U.S. Will Keep Reserve-Currency Status The dollar will keep its reserve status in 2011 because China and Europe aren’t developed enough for their currencies to replace it, said Pacific Investment Management Co., which runs the world’s biggest bond fund. “Rising powers such as China are… Continue reading Will The U.S Dollar Continue To Be The Reserve Currency?

Newsclips

Foreclosures Increase

December 30, 2010

The Financial Times – US sees spike in mortgage foreclosures US mortgage foreclosures jumped in the third quarter as fewer borrowers qualified for loan modifications that would have reduced their monthly payments, bank regulators have said. The rise in repossessions and decline in loan modifications are further signs that problems in the US housing market… Continue reading Foreclosures Increase

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Newsclips

What Do The 1930s Tell Us About Today?

December 30, 2010

The Weekly Standard – A World in Crisis Roth was incorrect. FDR took the United States off the gold standard in 1933; France abandoned it in 1936. The arrangement of floating currencies lasted until the Bretton Woods conference in July 1944, when a new monetary regime was adopted involving fixed exchange rates pegged to gold.… Continue reading What Do The 1930s Tell Us About Today?

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Housing

December 30, 2010

The Wall Street Journal – Housing Market Is Still Facing a Blizzard In addition to higher rates and still-troublesome unemployment, legal issues swirling around foreclosures and a huge “shadow” housing inventory could drag prices down further. That in turn may complicate planned efforts for a housing-finance overhaul. The Obama administration is expected by the end… Continue reading Housing

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Newsclips

A Day In The Life Of A Federal Reserve Bank President

December 30, 2010

The Wall Street Journal – A Peek at the Crisis-Era Agenda of New York Fed Chief Mr. Dudley’s agenda shows that the president of the largest Fed bank was in close contact with the heads of New York’s biggest financial institutions and with counterparts around the world as the central bank fought to manage the… Continue reading A Day In The Life Of A Federal Reserve Bank President

Newsclips

What’s In Store For Gold?

December 30, 2010

<Click on chart for larger image> The Wall Street Journal – Gold Set for Fresh Highs in 2011 Gold bulls say the price of the precious metal is set to reach fresh highs early in the new year, on mounting inflation fears fueled by loose U.S. and euro-zone monetary policies. With central-bank purchases and Chinese… Continue reading What’s In Store For Gold?

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Newsclips

Cartoons

December 30, 2010

None Today

Charts of the Week

Untitled

December 29, 2010

Charts of the Week Topics Covered This Week Include: The Size and Flows Into Open-Ended Mutual Funds The Size and Flows Into Open-Ended Mutual Funds – 2 The Size And Flows Into ETFs Weekly Stock and Bond Mutual Fund Flows Bullish On Copper Bill Gross Says Select Muni Bonds Are Strong Buys Home Prices Drop… Continue reading Untitled

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Newsclips

Bullish on Copper

December 29, 2010

<Click on chart for larger image> Comment Yesterday Howard Simons was on CNBC discussing the copper market heading into 2011. To view the interview click on the picture above. To view any of our recent interviews click here. Some key points: Until construction slows down in China, world copper demand will remain quite strong; The… Continue reading Bullish on Copper

Newsclips

No More Wall Of Worry For Stocks To Climb

December 29, 2010

<Click on chart for larger image> Bloomberg.com – Short Selling Against S&P 500 Drops to Lowest Level in 12 Months Wages against the Standard & Poor’s 500 Index fell to a one-year low as short sellers slashed bets that phone and consumer discretionary stocks, including Qwest Communications Inc. and Abercrombie & Fitch Co., will retreat.… Continue reading No More Wall Of Worry For Stocks To Climb

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Newsclips

GM Has Done Nothing For Its Owners

December 29, 2010

The Wall Street Journal – Banks in GM’s IPO Bullish on Outlook General Motors Co. won high marks from major Wall Street banks Tuesday as they touted overseas growth and a made-over balance sheet as reasons to buy the car maker’s stock. In a series of bullish reports from banks involved in GM’s initial public… Continue reading GM Has Done Nothing For Its Owners

Newsclips

The Business Of Shutting Down A Bank

December 29, 2010

The Wall Street Journal – Hard Call for FDIC: When to Shut Bank More than 300 U.S. banks and savings institutions failed in the past four years. But there are huge differences in how sick they were when regulators seized them. About a dozen of the dead financial institutions had a tangible common equity ratio,… Continue reading The Business Of Shutting Down A Bank