Posts Tagged ‘politics’
Dow Live Report week starts wednessday
The week starts with a sideways crawl as investors await a number of reports coming in starting this wednessday. My take on this is that they may be weaker than expected. Time will tell.
On another note, AIG pushed financial shares higher on having closed a deal to let MetLife Inc aquire Alico for 15.5 billion [...]
Asia down oil up and Bernanke in congress
The Dow and most markets have a faltering week as continued signals of recessive difficulties come to light. Tuesday saw Dow Jones Index be a bit stronger with a drop in barely 1 percent compared to S&P500 and Nasdaq stepping down around 1.3 percent.
Closing at 10.282 on Tuesday, The Dow remains close to the magic [...]
Greece gets help from EU in more trouble
EU is ready to support Geece with loans and guarantees such as from the German State-owned Development Bank Kreditanstalt fuer Wiederaufbau (KfW). Any support would come with strong conditions.
Greek Prime Minister George Papandreou, who in recent days met with European politicians, declared in London on Friday evening that the Greek government is planning to [...]
Senate supports Bernanke for second term
The US Senate has just approved Bernanke for a second term as US Central Bank Captain. With votes of 70 – 30, Republican Ben Bernanke takes on another four-year term as chairman of the Federal Reserve.
The battle and debate over Bernanke has been lively and while he is credited with navigating USA through the economic [...]
