LONDON (Reuters) - The Bank of England announced on Thursday no increase to its unprecedented 200 billion pound asset-buying programme, but left the door open to more so-called quantitative easing if economic conditions deteriorated. It also left interest rates at a record low of 0.5 percent, as expected. Almost all analysts had predicted a pause in the programme after 11 months of pumping newly-created money into the economy but sterling rose and gilts fell as some traders had positioned for an increase, given the fragility of the economy which has only just come out of recession.
LONDON (Reuters) - The Bank of England announced on Thursday no increase to its unprecedented 200 billion pound asset-buying programme, but left the door open to more so-called quantitative easing if economic conditions deteriorated.
It also left interest rates at a record low of 0.5 percent, as expected.
Almost all analysts had predicted a pause in the programme after 11 months of pumping newly-created money into the economy but sterling rose and gilts fell as some traders had positioned for an increase, given the fragility of the economy which has only just come out of recession.
The Federal Reserve shut down some of the emergency liquidity programs that were launched to stem the credit crisis sparked by the collapse of the U.S. mortgage market in 2007. Read more...
Read more...
Stocks, Commodities Plunge, Dollar Gains on U.S. Jobless Claims
Retreating shares outnumbered rising stocks by more than six to one in the MSCI World and by 24 to one on the New York Stock Exchange. Only 11 stocks in the S&P 500 advanced and all but one of the companies in the Dow Jones Industrial Average declined as the 30-stock gauge fell below 10,000 during the day for the first time since November.... Treasuries gained as investors fled to assets perceived as being the most safe, sending the yield on the benchmark 10-year note down as much as 11 basis points to 3.59 percent, the biggest decline since Jan. 12. Read more...
Treasuries gained as investors fled to assets perceived as being the most safe, sending the yield on the benchmark 10-year note down as much as 11 basis points to 3.59 percent, the biggest decline since Jan. 12. Read more...
every body now...
Diversity is the key to economic and political evolution.
Today's price action registered extremely bearish readings across the NYSE TICK and NYSE VOLD (Up-Down Volume Difference). In our oh-so-very-humble opinion ~ equity markets are about to enter the Temple of Doom.
Once the offer was accepted by the seller, the homebuyer was surprised to learn that there's a third party involved, a "Short Sale Negotiator" who is charging an additional $9,000 fee on top of the real estate commissions paid to both the agent for the seller and the agent for the buyer. The Short Sale Negotiator is demanding that the homebuyer sign an agreement that the homebuyer will be responsible for paying the $9,000 fee. Read more...
jillayne (homepage, profile) wrote on Thu, 2/4/2010 - 6:06 pm Great book to buy. You could buy it used via amazon for under $10. "The Sociopath Next Door." Author says in some Native cultures, once the group identifies the sociopath, they plan a hunting trip, isolate the sociopath and then push him off a cliff. This might not work with the predatory lenders. Someone would notice 100,000 people at the bottom of a cliff.
Great book to buy. You could buy it used via amazon for under $10. "The Sociopath Next Door." Author says in some Native cultures, once the group identifies the sociopath, they plan a hunting trip, isolate the sociopath and then push him off a cliff. This might not work with the predatory lenders. Someone would notice 100,000 people at the bottom of a cliff.
Didn't anyone ever pull you aside to ask, "TBG, if Suzie jumps off a bridge, does that mean you got to jump off the bridge, too?" Diversity is the key to economic and political evolution.
Sociopaths are very destructive of basic, common, trust in/of the social order and need to be firmly sat upon.
Pushing them over a cliff hadn't occurred to me ... but it's worth careful consideration for implementing as fundamental Public Policy.
;-)
