Monthly Archives: October 2010

Mort Zuckerman on the disappearing US Jobs

America’s private-sector jobs machine has been the marvel of the economic world since 1940. When farm jobs were eliminated by mechanization, factories hired more. When factories increased productivity and moved work offshore, jobs opened up in services such as healthcare … Continue reading

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Super-rich investors buy Gold

(Reuters) – The world’s wealthiest people have responded to economic worries by buying gold by the bar — and sometimes by the ton — and by moving assets out of the financial system, bankers catering to the very rich said … Continue reading

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Why Thai stocks are flying high

Thailand might not be everyone’s first guess as one of the year’s runaway stock market winners. But, in spite of the violence of eight weeks of anti-government demonstrations, and sizeable regulatory and policy risks facing investors, Thai equities have been … Continue reading

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Kiwi dollar unlikely to drop – Minister

New Zealand Finance Minister Bill English said the nation’s currency is unlikely to weaken even as economic growth slows and the central bank puts interest-rate increases on hold. http://www.bloomberg.com/news/2010-10-04/finance-minister-english-says-kiwi-is-unlikely-to-decline-as-growth-slows.html

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Australian rate unchanged

The Reserve Bank has granted Australia’s borrowers a reprieve, leaving interest rates unchanged for the fifth month running amid signs of quickening economic growth and subdued inflation. http://www.smh.com.au/business/rba-rates-surprise-20101005-165ij.html?autostart=1

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European Manufacturing

Growth in Europe’s manufacturing industry slowed and unemployment held at a 12-year high as a cooling global recovery restrained demand. http://www.bloomberg.com/news/2010-10-01/european-manufacturing-growth-slows-orders-rise-at-slowest-pace-in-a-year.html

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US Stocks

U.S. stocks fell, trimming the biggest September gain since 1939 for the Standard & Poor’s 500 Index, as investors sold some of the month’s best-performing shares amid speculation that improving economic data will reduce the need for the Federal Reserve … Continue reading

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