World economy talk

[tidus1203]

Mas malaki suweldo malamang and better for her career. Prestige wise CNN is still tops IMO.

Di na rin pretigious CNN ngayon, ngayon AL JAZEERA na IMO ang rising star...

[eld]

Di na rin pretigious CNN ngayon, ngayon AL JAZEERA na IMO ang rising star...

Yeah, walang kwenta ang CNN. Tsaka ba't ang daming British? Ginagaya ba nila BBC? I'd much rather watch the beeb, Al-Jazerra or Russia Today than CNN. Parang puno ng kaplastikan at kakornihan.

[uls]

oil recovers

WTI


then fell after CME announced margin increase

[Monseratto]

US $ INDEX


EURO/US$

[uls]

USD index passes 75

[tidus1203]

oil recovers

WTI


then fell after CME announced margin increase

Ganda ng chart ng oil.. ASCENDING TRIANGLE. I am now bullish on oil! BUY! BUY! BUY!

[uls]

European sovereign debt situation deteriorating

European banks are major holders of PIG debt (i excluded Spain muna)

if (or when) the banks have to mark down the value of those assets (like 50%?), they won't be strong enough to withstand it

so the sovereigns will have to bail out the banks

which forces the sovereigns to take on even more debt

which makes the sovereign debt situation even worse

[uls]

Exxon Mobil CEO Rex Tillerson on oil price

this was last night

[ame]www.youtube.com/watch?v=LY420_U4U0I[/ame]

[Monseratto]

Exxon Mobil CEO Rex Tillerson on oil price

this was last night

70% run by people who just in for the money and aren't really part of the oil indusrty...death to speculators!

[eld]

70% run by people who just in for the money and aren't really part of the oil indusrty...death to speculators!

Wag naman. I plan to trade oil markets in the future. And I kinda know kung kailan magbabagsakan ang mga yan. Aylavet!!!

[uls]

CFTC Commitment of Traders report last week -- speculators reduced long postions on crude oil

reduced long positions on euro fx

[uls]

the US government hits the 14.3 trillion dollar debt ceiling

[uls]

from the US Treasury blog: (yep they got a blog)

http://www.treasury.gov/connect/blog...ligations.aspx

As US Reaches Debt Limit, Geithner Implements Additional Extraordinary Measures to Allow Continued Funding of Government Obligations

By: Colleen Murray 5/16/2011

Today, the United States has reached the statutory debt limit. Secretary Geithner sent the following letter to Congress this morning alerting them to actions that have be taken to create additional headroom under the debt limit so that Treasury can continue funding obligations made by Congresses past and present.

The Honorable Harry Reid
Democratic Leader
United States Senate
Washington, DC 20510

Dear Mr. Leader:

I am writing to notify you, as required under 5 U.S.C. § 8348(l)(2), of my determination that, by reason of the statutory debt limit, I will be unable to invest fully the portion of the Civil Service Retirement and Disability Fund (“CSRDF”) not immediately required to pay beneficiaries. For purposes of this statute, I have determined that a “debt issuance suspension period” will begin today, May 16, 2011, and last until August 2, 2011, when the Department of the Treasury projects that the borrowing authority of the United States will be exhausted. During this “debt issuance suspension period,” the Treasury Department will suspend additional investments of amounts credited to, and redeem a portion of the investments held by, the CSRDF, as authorized by law.

In addition, I am notifying you, as required under 5 U.S.C. § 8438(h)(2), of my determination that, by reason of the statutory debt limit, I will be unable to invest fully the Government Securities Investment Fund (“G Fund”) of the Federal Employees’ Retirement System in interest-bearing securities of the United States, beginning today, May 16, 2011. The statute governing G Fund investments expressly authorizes the Secretary of the Treasury to suspend investment of the G Fund to avoid breaching the statutory debt limit.

Each of these actions has been taken in the past by my predecessors during previous debt limit impasses. By law, the CSRDF and G Funds will be made whole once the debt limit is increased. Federal retirees and employees will be unaffected by these actions.

I have written to Congress on previous occasions regarding the importance of timely action to increase the debt limit in order to protect the full faith and credit of the United States and avoid catastrophic economic consequences for citizens. I again urge Congress to act to increase the statutory debt limit as soon as possible.

Sincerely,



Timothy F. Geithner

fun

[Ry_Tower]

the US government hits the 14.3 trillion dollar debt ceiling

nah, still too low, they have not wage war at every middle eastern state pa eh, hehehe

joke lang.

[uls]

Japan enters recession

http://imarketnews.com/node/31022

Thursday, May 19, 2011 - 01:45
Japan Econ Set For 3rd Straight Qtrly Fall on Quake Impact

TOKYO (MNI) - The Japanese economy is now poised for a third consecutive contraction in the current quarter, as both the public and private sectors are struggling to repair quake-ravaged supply chain networks in northeastern Japan, analysts said.

The economy contracted 0.9% quarter-on-quarter in the January-March quarter, worsening from the downwardly revised 0.8% drop for the October-December quarter (from -0.3%), the Cabinet Office said on Thursday.

The larger-than-expected contraction for the second consecutive quarter was due to sluggish capital investment and private consumption, as well as a drop in net exports, in the aftermath of the March 11 earthquake and tsunami, the government said.

[Ry_Tower]

^Yes, the 2nd quarter of 2011 is shaping-up to be worst. Time for a change in their economic policies. Actually long overdue na.

[uls]

^^

what else can they do?

Japan has done everything na

kitchen sink dude

zero rates, QE, massive govt spending

they've done it all

[Ry_Tower]

^^

what else can they do?

Japan has done everything na

kitchen sink dude

zero rates, QE, massive govt spending

they've done it all

nice reading
http://curiouscapitalist.blogs.time....ous+Capitalist)

I wonder what these reforms nga lang will be. Problem is, if they totally fail, what will happen to us!

[uls]

nice reading
http://curiouscapitalist.blogs.time....ous+Capitalist)

I wonder what these reforms nga lang will be. Problem is, if they totally fail, what will happen to us!

japan can't become a domestic-consumption based economy

their economy is designed to be an export economy

their economy is designed to produce more goods than their domestic market can consume

[uls]

I wonder what these reforms nga lang will be. Problem is, if they totally fail, what will happen to us!

we'll be ok

the Phil. economy is powered by domestic consumption

the Phils. imports almost everything

to pay for imports, the Phils. relies on OFW dollars

so as long as OFWs keep sending dollars, the Phils. will be ok