Monthly Archives: October 2010

Will Bernanke Asset purchases produce Carteresque Inflation ?

For the second time since he became chairman in 2006, Ben S. Bernanke is leading the Federal Reserve into uncharted monetary territory. http://www.bloomberg.com/news/2010-10-26/bernanke-s-next-round-of-asset-purchases-risks-jimmy-carter-like-inflation.html

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UBS in profit, new wealth mangement inflow

UBS AG, Switzerland’s biggest bank, reported a fourth consecutive quarterly profit and the first net new investments by wealth management clients since 2008. http://www.bloomberg.com/news/2010-10-26/ubs-has-1-7-billion-profit-beating-estimates-on-wealth-management-sales.html

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Dollar fall sparks stability warnings

The dollar tumbled against most major currencies on Thursday, prompting warnings that the weakness of the world’s reserve currency could destabilise the global economy and push other countries into retaliatory devaluations to underwrite their exports. Increasing expectations the Federal Reserve … Continue reading

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Does the Euro face a real challenge ?

Billionaire Warren Buffett, who last month called himself “a huge bull” on the U.S., said the euro faces “a real challenge” after the currency posted its biggest quarterly gain in eight years. “This is a test, and I would say … Continue reading

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Soaring prices threaten new food crisis

Fears of a global food crisis swept the world’s commodity markets as prices for staples such as corn, rice and wheat spiralled after the US government warned of “dramatically” lower supplies. An especially hot summer in the US, droughts in … Continue reading

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Gallup finds USA unemployment over 10%

PRINCETON, NJ — Unemployment, as measured by Gallup without seasonal adjustment, increased to 10.1% in September — up sharply from 9.3% in August and 8.9% in July. Much of this increase came during the second half of the month — … Continue reading

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Greek National debt and deficit revised upwards

Increased figures for Greek national debt and deficits covering contested data from 2006 to 2009 will be published this month, the EU said on Wednesday after conducting its first invasive audit. “The Greek deficit and debt figures will be revised … Continue reading

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Goldman Sachs bearish on US economy

Goldman Sachs Group Inc. said the U.S. economy is likely to be “fairly bad” or “very bad” over the next six to nine months. http://www.bloomberg.com/news/2010-10-06/oldman-sachs-says-u-s-economy-to-be-fairly-bad-recession-is-possible.html

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Baht at highest level since 1997

The baht has surged to its highest level in 13 years on the back of speculation the US Federal Reserve will join the Bank of Japan in pumping funds into the market by stepping up purchases of government debt to … Continue reading

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Aust dollar nears parity on weakening USD

The dollar hit a fresh high overnight bringing it closer to parity with the US dollar on renewed speculation that the greenback will continue to weaken in coming days. http://www.smh.com.au/business/dollar-edges-closer-to-parity-20101007-168dx.html?autostart=1

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