|
Commercial Member
|
Joined Aug 2008
|7,691 Posts
I think it is important to note that although job cuts are falling, it is still a job cut.
Unemployment rate has hit a high.
Sept. 4 (Bloomberg) -- The pace of U.S. job losses slowed in August while the unemployment rate reached a 26-year high, signaling the recovery from recession will be slow to develop.
|
Commercial Member
|
Joined Aug 2008
|7,691 Posts
Took this from bloomberg
"“We’re still going to see some months of job cuts,” said Brian Bethune, chief financial economist at IHS Global Insight in Lexington, Massachusetts. “There is a whole range of options, like adding shifts or hours, that companies can put in place until it becomes necessary to hire people back.”"
Sept. 5 (Bloomberg) -- China plans to raise the amount foreign funds can invest in stocks by 25 percent to $1 billion, encouraging inflows after the benchmark index slumped into a bear market last month.
I think this may have an eventual effect on a weakening USD due to outflow to RMB.
|
Commercial Member
|
Joined Aug 2008
|7,691 Posts
I doubt a quick recovery is in the works . sigh.
Sept. 5 (Bloomberg) -- The dollar dropped against most of its major counterparts on speculation investors betting on a quick recovery in the global economy bought higher-yielding assets as Group of 20 finance ministers convened.
|
Commercial Member
|
Joined Aug 2008
|7,691 Posts
who or what is the ultimate economy driver?
consumers !!
no job = no consumption
Sept. 5 (Bloomberg) -- Employers kept Americans’ working hours near a record low in August, signaling that economic growth is poised to reward companies with added profits while postponing any recovery in the job market.
"The EUR/USD brushed the 1.4200 mark 3 times during the week.
In each attempt, the EUR/USD bounced back up, failing to go lower...."
Click on link for full article
- - - - - - - - - - - - - - -
bonus should be tied to real performance period.
THE NEW YORK TIMES
LONDON — Finance ministers of the largest industrial countries vowed on Saturday to keep their multitrillion-dollar stimulus efforts in place, but at a meeting here they failed to agree on any firm limits on bankers’ bonuses, a sign of the deep rifts that remain between American and European leaders.
"I often hear newcomers in the forum asking " The news was bad for the US! Why did the USD strengthen? I had a margin call "
I feel sad when i see this as after all , money is not easy to come and losing it at forex is not the best way to spend it....."
Click on link above for full article
- - - - - - - - - - - - - - -
As you all know, i can no longer post at FF news, i hope you all regularly visit my thread as i update here and also spread the word around so that i can share with more..
|
Commercial Member
|
Joined Aug 2008
|7,691 Posts
Sept. 6 (Bloomberg) -- Global finance chiefs united on a plan to rein in bank bonuses and force lenders to hold more capital to prevent a repeat of the worst financial turmoil since the Great Depression.
-----------
holding more capital is good. excessive risk taking / over leveraging is never good for stability
|
Commercial Member
|
Joined Aug 2008
|7,691 Posts
Sept. 7 (Bloomberg) -- Asian stocks rose for a third day, led by technology companies and automakers, as a $1.8 billion bid for Chartered Semiconductor Ltd. fueled merger speculation.
If this goes on, we may be looking at a stronger USD.
Sept. 4 (Bloomberg) -- Investors withdrew a net $4.95 billion from equity funds and added $5.06 billion to bond funds in the week to Sept. 2, amid concerns about the strength of a world recovery, EPFR Global said in a report.