Archive for August 7th, 2008

Fed Funds Price Out Rate Hikes Following ECB Hold on Rates

Thursday, August 7th, 2008

Despite a better-than-expected pending home sales report coming out of
the U.S. on Thursday, the day’s soft jobless claims figures are instead
dictating the direction of the Fed fund futures
market
.

Year-end rate hikes are consequently in the midst of being priced out.
Markets are pricing in a 62.3% chance that the Federal Reserve will keep
rates on hold. That represents an 18% greater chance than…

Read More Now

Go to news source

Consumer Credit Rises Above Forecast in June

Thursday, August 7th, 2008

Consumer debt increased by $14.3 billion in June,
according to data released Thursday from the U.S. Federal Reserve, which
also showed that total consumer credit had risen to $2.586 trillion from
the prior month’s $2.572 trillion.

Read More Now

Go to news source

Atlas Energy Atlas Pipeline growth income

Thursday, August 7th, 2008

I have had Atlas Pipeline Partners APL: 33.81 0.11 0.32 as a component of my Income Portfolio…

Go to news source

Weak Bounce in Homebuilders

Thursday, August 7th, 2008

Pending home sales are up 5.3 today, handily beating the consensus expectations,…

Go to news source

Adjusted for the Growth in the U.S. Labor Force, Julys Jobless Claims Are Below Average

Thursday, August 7th, 2008

The top chart above shows initial jobless claims 4week moving average and the…

Go to news source

Chinese Healthcare Sector ADRs

Thursday, August 7th, 2008

As another followup to my ADR series, I am going to take a look at the Chinese and…

Go to news source

On a Silver Platter

Thursday, August 7th, 2008

On occasion, I will post in comments a list of symbols and prices…

Go to news source

Canadians Top List of Foreign Buyers of U.S. Property, NAR Says

Thursday, August 7th, 2008

Canadians are flocking to snatch up property in the
U.S. as a result of affordable house prices and attractive exchange
rates, the National Association of Realtors says.

Since May 2007, NAR estimates that between 150,000 and 190,000 homes
in the U.S. were bought by foreign nationals.

Read More Now

Go to news source

Not-so-Happy Credit Squeeze Milestone

Thursday, August 7th, 2008

Several television financial correspondents were announcing at the
beginning of this week that Monday was the first anniversary of the
credit squeeze. It is unclear whether any one day can
claim that dubious distinction, but August 2007 was certainly a cruel
month. We take a look at where the Credit Crisis has been and
where we may be headed next. Read More Now

Go to news source

Citigroup Ordered to Buy Back up to $20 Billion in Auction-Rate Securities

Thursday, August 7th, 2008

Citigroup could have to take as much as $20 billion
in securities from failed auctions on to its balance sheet and will pay a
variety of fines and reimbursements in a settlement with U.S.
regulators.

Citigroup has agreed to buy back all the securities it marketed to
individuals and institutions without admitting any wrongdoing…

Read More Now

Go to news source