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Posts by "qiman"

248 Posts Total by "qiman":
228 Posts by member
Qiman
(United States)
20 Posts by Anonymous "qiman":
Qiman
United States
Posts: 237
14 years ago
Jun 16, 2010 22:15
Economists at 14 top U.S. banks have pushed back their estimate of the first Federal Reserve interest-rate increase until the middle of next year, according to their latest forecast released by the American Bankers Association on Wednesday.
http://www.marketwatch.com/story/fed-on-hold-until-mid-2011-bank-analysts-say-2010-06-16?dist=afterbell
Qiman
United States
Posts: 237
14 years ago
Jun 16, 2010 22:10
Il Sole has published a letter by 100 Italian economists warning that the austerity strategy imposed by Brussels/Frankfurt risks tipping Europe into a self-feeding downward spiral. Far from holding the eurozone together, it will cause weaker countries to be catapulted out of EMU. Others will leave in order to restore sovereign control over their central banks and unemployment policies:
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100006271/the-euro-mutiny-begins/
Qiman
United States
Posts: 237
14 years ago
Jun 15, 2010 14:32
FELIX ZULAUF: THE MARCH 2009 LOW WONT HOLD

He believes we are currently at a major turning point in the markets where investors are beginning to realize that government spending is not the solution to all our problems. He says the fiscal austerity measures will only increase deflationary pressures and that the pain is inevitable and unavoidable:
http://pragcap.com/felix-zulauf-the-march-2009-low-wont-hold
Qiman
United States
Posts: 237
14 years ago
Jun 15, 2010 14:25
AXA fears 'fatal flaw' will destroy eurozone
Analysts at the French financial group AXA see a serious likelihood that the eurozone will break in half or disintegrate, dismissing Europe's 750bn (623bn) rescue package for Club Med debtors as a stop-gap measure that misdiagnoses the problem.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7827867/AXA-fears-fatal-flaw-will-destroy-eurozone.html
Qiman
United States
Posts: 237
14 years ago
Jun 7, 2010 14:30
Qiman
United States
Posts: 237
14 years ago
Jun 7, 2010 2:01
In Thread: GBP
Prime Minister David Cameron is set to deliver a stark warning about the action need to tackle Britain's budget deficit and public debt.

He is expected to say the UK's economic problems are "even worse than we thought" as he sets out why he believes "painful" cuts are necessary.

In a speech he will say how the 156bn deficit is tackled will affect "our whole way of life".
http://news.bbc.co.uk/2/hi/politics/10250603.stm#skip_feature_02
Qiman
United States
Posts: 237
14 years ago
Jun 6, 2010 21:08
An article from The Telegraph:

"The single currency is in its death throes and may not survive in its current membership for a week, let alone the next five years, according to a selection of responses to the survey the first major wide-ranging litmus test of economic opinion in the City since the election. The findings underline suspicions that the new Chancellor, George Osborne, will have to firefight a full-blown crisis in Britain's biggest trading partner in his first years in office."
http://www.telegraph.co.uk/finance/financetopics/budget/7806064/Euro-will-be-dead-in-five-years.html
Qiman
United States
Posts: 237
14 years ago
Jun 3, 2010 20:52
BTW, the article below also mentioned these important facts:

"But Hoenig is hardly alone. Earlier Thursday, Dennis Lockhart, the president of the Atlanta Fed Bank, said "the time is approaching" for higher interest rates. He stressed that the Fed might have to move even if "unacceptable levels of unemployment" exist.

And late last week, Jeffrey Lacker said he was growing uncomfortable with the Fed's statement that conditions will require exceptionally low rates for an extended period."
Qiman
United States
Posts: 237
14 years ago
Jun 3, 2010 20:28
The Fed's most visible hawk, Thomas Hoenig, the president of the Kansas City Federal Reserve bank, gave a speech laying out his preferred upward path for short-term interest rates that would have the federal funds rate rise from near-zero to 1% by the end of summer.

But Hoenig didn't stop there, detailing the next phases to get the funds rate to 4.5% in an orderly manner.


http://www.marketwatch.com/story/drumbeat-for-fed-rate-hike-gets-louder-2010-06-03

Qiman
United States
Posts: 237
14 years ago
May 27, 2010 12:59
WASHINGTON (MarketWatch) -- The president of the Richmond Federal Reserve Bank said Wednesday that he was growing less comfortable with the central bank's "extended period" language in its policy statement, suggesting that he is leaning toward wanting to raise short-term interest rates.
http://www.marketwatch.com/story/feds-lacker-moving-away-from-consensus-wording-2010-05-26