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By Cees Bruggemans At a rescheduled MPC meeting today, one of ten to be held this year, the SARB for the third meeting in a row slashed interest rates, with prime falling by 1% to 13%. In its statement released after the meeting, the MPC put much emphasis on the extraordinary [...] More on this topic (What's this?) Two Measures of Inflation: New Update (Phil’s Stock World, 11/30/12) The U.S. Lies About Inflation: Here's The Inflation Secret The Government Doesn't Want You to Know (Money Morning, 4/13/12) Best Assets to Own During Inflation (Learn Mining News, 2/17/12)
Given how critical Nouriel Roubini has been in the past regarding various government plans to fix the US economy, his take on the new plan of the administration to buy toxic assets is surprisingly positive. This post reports on his reasoning. [...]
This post updates my previous articles on China by means of comments from Mark Mobius. [...] More on this topic (What's this?) Where the Chinese are Putting Their Money (Money Morning, 4/16/12) Seven Signs China’s Headed for a Recession (Wall Street Daily, 3/29/12) Is China's Economy Crashing? (Wealth Daily, 3/17/12)
“We think the S&P 500 can still rally up to the 850 – 860 in the near term on the heels of the unwinding of the deeply oversold conditions, the large piles of sideline liquidity and additional money managers are allocating to stocks so as not fall too far behind their benchmarks,” said said technical analyst Kevin Lane in his daily comments. [...] More on this topic (What's this?) The Top 10 Dividend-Paying Stocks of the Last 50 Years (Investment U, 5/3/12) Classic Cons: How to Avoid the World's 10 Biggest Financial Scams (Money Morning, 4/27/12) Ivy Portfolio for May (Scott's Investments, 5/1/12)
The FOMC on Wednesday left the Fed funds range unchanged at zero to 0.25%, but stunned the financial markets with an announcement that it would purchase up to $300 billion in longer-term Treasuries over the next six months. Read all about this and the implications for financial markets in my weekly “Words from the Wise” review. [...]
Source: Walt Handelsman, Newsday, March 12, 2009.
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