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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?) Inflation Gently Rises in February, Offering Analysts a Sign the Economy Isn’t Collapsing (Money Morning, 3/18/09) Are We Starting To See Inflation Creep Up? (Contrarian Profits, 2/16/09) The Secret to Gold Prices: Real Interest Rates (Wealth Daily, 1/20/12)
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?) China Retains 8% Growth Target for 2009 Despite Massive Headwinds (Money Morning, 2/27/09) China’s Investment Alternatives: Why China Can’t Sell U.S. Treasuries (Investment U, 2/13/09) What China is Buying Now (Wealth Daily, 1/12/12)
“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?) 10 Experts Pick the 10 Best Stocks for 2012 (Money Morning, 1/10/12) Forbes’ 10 Biggest Losers: 4 Wealth Protection Lessons From Bankrupt Billionaires (Investment U, 3/18/09) 10 Famous People Who Didn’t Go to College (Learn Financial Planning, 5/2/09)
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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