Good Monday, all. This promises to be another twist-in-the-wind week for the markets, as earnings continue to flow and the market swallows more information about this problem or that problem.
Topping the list of worries is the “will they or won’t they” conundrum …
With nearly one in ten in the U.S. labor force unable to find work and already very low inflation threatening to drop further, the U.S. central bank is expected to offer the economy more support at its next policy meeting on November 2-3.
And then we have the burgeoning foreclosure/mbs fiasco …
So far, Citi has managed to steer clear from the ongoing foreclosure mess that has ensnared other major U.S. banks. Rivals Bank of America Corp. and JPMorgan have stopped most or all their foreclosures because of evidence that thousands of foreclosures were handled improperly.
Remember Europe and its debt crisis. Add to that the angry mobs striking and rioting in the streets because the governments want to get to solid fiscal policies …
LUXEMBOURG – European finance ministers locked horns Monday over stricter budget rules to avoid another government debt crisis as protests against spending cutbacks rattled France and Italy — a sign of the politically difficult choices ahead.
Oh, yeh, it is about time to resurrect the “slow down” in China as a reason to worry…
BEIJING (Reuters) – China must lift the incomes and spending power of hundreds of millions of farmers and workers to keep the world’s second-biggest economy from faltering on its ascent, the nation’s leaders said on Monday.
Of course, the U.S. economic slowdown is still haunting the market …
U.S. industrial production unexpectedly fell in September, while capacity utilization eased slightly, according to a Fed report.
Keep in mind that behind every dark cloud is blue sky. Opportunity is here, no matter what the latest worries are. Look carefully, and there it will be …
Record low interest rates in rich countries, and the prospect of the Fed pumping more dollars into the economy, are funneling huge capital flows into high-yielding emerging markets, pushing up their currencies.
Trade in the day; invest in your life …