Archive for the ‘News’ Category:
Conference Board indicates Lower Consumer Confidence
The private research group Conference Board has pointed to a lower consumer confidence index with as much as 4 percent compared to June this year.
This is the second month that consumer confidence index falls. June showed around a 9 percent drop.
Futures were high this morning but current trading is once again sideways as the [...]
Obama turns Wall Street reform bill into law
US President Obama signed the Wall Street reform bill into law on Wednesday. The Wall Street reform now provides regulators with a effective waeapon against the biggest financial groups that may jeopardize the inner workings of our financial systems. These systems loose their true responsiveness when affected by concentrated financial power. In short, the current [...]
Bernanke calls financial future unclear
Wednesday: In a testimony to Congress, Ben Bernanke said that “the economic outlook remains unusually uncertain”. If you had any doubts that the “recovery” is not doing well, the Fed Chairman with this and other signal mantains a unusually cautious tone regarding the state of the economic recovery process.
Dow Jones took a marked turn down [...]
AP reports strong China exports
The EU debt crisis could potentially plunge China into a situation similar to the global financial crisis of 2008 that severely cut demand for Chinese mass production of consumer goods. However, China Customs agency reports continued strong exports for the month of June.
Quote from AP:
“China’s customs agency on Saturday said exports were up 35 percent [...]
