BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[NYSE Looks at Selling Stakes in Amex Exchange to Drive Volumes]]>http://www.bloggingstocks.com/2011/04/05/nyse-looks-at-selling-stakes-in-amex-exchange-to-drive-volumes/http://www.bloggingstocks.com/2011/04/05/nyse-looks-at-selling-stakes-in-amex-exchange-to-drive-volumes/http://www.bloggingstocks.com/2011/04/05/nyse-looks-at-selling-stakes-in-amex-exchange-to-drive-volumes/#commentsFiled under: , , ,

NYSE Euronext (NYX) acquired American Stock Exchange (Amex) in 2008 to expand its equities, options and exchange-traded funds (ETFs) trading business. Recently NYSE announced plans to sell the majority of its stake in the Amex stock options market to seven companies -- including top banks, trading houses and brokerages. With this move, the company hopes to increase its trading volumes by giving major brokerages an incentive to bring their business to Amex. Major competitors are Nasdaq OMX (NDAQ), CME Group (CME), BATS Global and Direct Edge.

Continue reading NYSE Looks at Selling Stakes in Amex Exchange to Drive Volumes

NYSE Looks at Selling Stakes in Amex Exchange to Drive Volumes originally appeared on BloggingStocks on Tue, 05 Apr 2011 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>amexbrokerage firmsETFetf investingetf traderETFsinthenewsnysetradeTue, 05 Apr 2011 18:00:00 EST<![CDATA[China's Yuan Move: A Start]]>http://www.bloggingstocks.com/2010/06/23/china-s-yuan-move-a-start/http://www.bloggingstocks.com/2010/06/23/china-s-yuan-move-a-start/http://www.bloggingstocks.com/2010/06/23/china-s-yuan-move-a-start/#commentsFiled under: ,

Now that China has agreed to a modest appreciation of the yuan, should investors expect more of the same in the quarters ahead?

At this juncture, no. The yuan's record high of 6.7980 yuan to the dollar reached Tuesday represents just a minor adjustment in Beijing's monetary policy, and that's what investors should look forward to: an incremental and very slow effort by Beijing to let the yuan appreciate, with limits.

How much will China let the yuan appreciate in a year? Perhaps 5% a year. The aforementioned may not seem like much but it does represent a Beijing response to international political pressure, primarily from the United States and the European Union.

Continue reading China's Yuan Move: A Start

China's Yuan Move: A Start originally appeared on BloggingStocks on Wed, 23 Jun 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarexportsimportstradeyuanyuan appreciationWed, 23 Jun 2010 16:40:00 EST<![CDATA[Geithner: China's Yuan Policy Hindering Global Recovery]]>http://www.bloggingstocks.com/2010/06/10/u-s-s-geithner-china-s-yuan-policy-hindering-global-recovery/http://www.bloggingstocks.com/2010/06/10/u-s-s-geithner-china-s-yuan-policy-hindering-global-recovery/http://www.bloggingstocks.com/2010/06/10/u-s-s-geithner-china-s-yuan-policy-hindering-global-recovery/#commentsFiled under: , ,

A key public official in the world's largest economy has turned-up-the-heat a notch regarding China's fixed-rate yuan currency.

U.S. Treasury Secretary Timothy Geithner, in prepared Capitol Hill testimony Thursday, said China's exchange-rate policy is preventing more-balanced global economic growth.

"The distortions caused by China's exchange rate spread far beyond China's borders and are an impediment to the global re-balancing we need," Geithner said. Allowing the yuan to float more-freely would enable China to pursue "a more effective, independent monetary policy, which is particularly important now, with China's economy facing a risk of inflation in goods and in asset prices."

Continue reading Geithner: China's Yuan Policy Hindering Global Recovery

Geithner: China's Yuan Policy Hindering Global Recovery originally appeared on BloggingStocks on Thu, 10 Jun 2010 15:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarGeithnerinthenewstradeyuanThu, 10 Jun 2010 15:00:00 EST<![CDATA[Will the Upcoming Decade Be One of U.S. Exports?]]>http://www.bloggingstocks.com/2010/05/24/will-the-upcoming-decade-be-one-of-u-s-exports/http://www.bloggingstocks.com/2010/05/24/will-the-upcoming-decade-be-one-of-u-s-exports/http://www.bloggingstocks.com/2010/05/24/will-the-upcoming-decade-be-one-of-u-s-exports/#commentsEvery U.S. economic expansion of duration has had a catalyst of significance. Sometimes its been a sector (like information technology in the 1990s), or a new dimension to the economy (rising home ownership after the end of World War II).

What could serve as the catalyst in 'the decade of 'the teens?' Exports, if President Barack Obama has his way. Obama wants to double U.S. exports in five years.

Continue reading Will the Upcoming Decade Be One of U.S. Exports?

Will the Upcoming Decade Be One of U.S. Exports? originally appeared on BloggingStocks on Mon, 24 May 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>exportsinthenewsnational export initiativetradeMon, 24 May 2010 17:30:00 EST<![CDATA[Analyst Says Weaker Euro May Prevent European Recession]]>http://www.bloggingstocks.com/2010/05/20/analyst-says-weaker-euro-may-prevent-european-recession/http://www.bloggingstocks.com/2010/05/20/analyst-says-weaker-euro-may-prevent-european-recession/http://www.bloggingstocks.com/2010/05/20/analyst-says-weaker-euro-may-prevent-european-recession/#commentsFiled under: ,

Will the euro's decline in value prevent a dreaded euro-zone recession? That's the conclusion of one analyst.

"The euro depreciation is very good news for the region" because the rest of the world economy is expanding, Charles Wyplosz, head of the International Center for Monetary and Banking Studies in Geneva, told Bloomberg News Thursday. "This is going to bring a welcome boost that may save the euro-zone from outright recession."

Continue reading Analyst Says Weaker Euro May Prevent European Recession

Analyst Says Weaker Euro May Prevent European Recession originally appeared on BloggingStocks on Thu, 20 May 2010 16:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollareuroexportsFranceGermanyinthenewstradeThu, 20 May 2010 16:00:00 EST<![CDATA[IMF Calls Appreciation of China's Yuan 'Highly Desirable']]>http://www.bloggingstocks.com/2010/04/22/imf-calls-appreciation-of-china-s-yuan-highly-desirable/http://www.bloggingstocks.com/2010/04/22/imf-calls-appreciation-of-china-s-yuan-highly-desirable/http://www.bloggingstocks.com/2010/04/22/imf-calls-appreciation-of-china-s-yuan-highly-desirable/#commentsFiled under:

Add the International Monetary Fund to the list of nations, institutions, and officials calling for China to let its currency appreciate.

The IMF, in its revised World Economic Outlook, said an appreciation of China's currency, "appears highly desirable on its own."

The group also said a shift in China's economy away from exports and toward domestic consumption, along with structural measures to decrease savings, would be preferred, as well.

Continue reading IMF Calls Appreciation of China's Yuan 'Highly Desirable'

IMF Calls Appreciation of China's Yuan 'Highly Desirable' originally appeared on BloggingStocks on Thu, 22 Apr 2010 18:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarexportsIMFimportsInternational Monetary FundinthenewstradeyuanThu, 22 Apr 2010 18:00:00 EST<![CDATA[Survey Forecasts China to Let Yuan Rise by July]]>http://www.bloggingstocks.com/2010/04/13/survey-forecasts-china-to-let-yuan-rise-by-july/http://www.bloggingstocks.com/2010/04/13/survey-forecasts-china-to-let-yuan-rise-by-july/http://www.bloggingstocks.com/2010/04/13/survey-forecasts-china-to-let-yuan-rise-by-july/#commentsFiled under:

China may allow its currency, the yuan, to appreciate versus the dollar by June 30 to check inflation, according to a new Bloomberg survey.

In the survey, 12 respondents said China's central bank will allow the yuan to float freely this quarter, while five expect it to occur by September 30. The median estimate for the yuan's strengthening was a 3.1% appreciation to 6.62 yuan to the dollar by the end of 2010.

Continue reading Survey Forecasts China to Let Yuan Rise by July

Survey Forecasts China to Let Yuan Rise by July originally appeared on BloggingStocks on Tue, 13 Apr 2010 16:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarexportsimportsinthenewstradeyuanTue, 13 Apr 2010 16:40:00 EST<![CDATA[Hank Paulson Says Currency Flexibility Would Benefit China]]>http://www.bloggingstocks.com/2010/04/12/hank-paulson-says-currency-flexibility-would-benefit-china/http://www.bloggingstocks.com/2010/04/12/hank-paulson-says-currency-flexibility-would-benefit-china/http://www.bloggingstocks.com/2010/04/12/hank-paulson-says-currency-flexibility-would-benefit-china/#commentsFiled under:

Former U.S. Treasury Secretary Henry Paulson, is on the wires again, this time underscoring that a flexible currency for China would be in China's interest.

"I believe very strongly that it is in China's interest to have currency flexibility, to keep moving the renminbi," Paulson said at the Boao Forum for Asia, using another name for the Chinese currency, Bloomberg News reported. "It gives the government a very valuable and I think it is going to become an increasingly necessary policy tool to deal with inflation."

Continue reading Hank Paulson Says Currency Flexibility Would Benefit China

Hank Paulson Says Currency Flexibility Would Benefit China originally appeared on BloggingStocks on Mon, 12 Apr 2010 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarinthenewstradeyuanMon, 12 Apr 2010 17:30:00 EST<![CDATA[U.S. Mercantilism May Be Needed to End China's Mercantilism]]>http://www.bloggingstocks.com/2010/01/14/u-s-mercantilism-may-be-needed-to-end-china-s-mercantilism/http://www.bloggingstocks.com/2010/01/14/u-s-mercantilism-may-be-needed-to-end-china-s-mercantilism/http://www.bloggingstocks.com/2010/01/14/u-s-mercantilism-may-be-needed-to-end-china-s-mercantilism/#commentsFiled under: ,

New York Times (NYT) columnist Paul Krugman characterizes China's essentially fixed-rate currency policy as "predatory."

I've called it "monetary mercantilism." Either way, the policy will remain a net negative for both global and U.S. GDP growth until China is convinced to move, gradually, to a currency rate that's determined by economic fundamentals and the free market.

Continue reading U.S. Mercantilism May Be Needed to End China's Mercantilism

U.S. Mercantilism May Be Needed to End China's Mercantilism originally appeared on BloggingStocks on Thu, 14 Jan 2010 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarFordinthenewstradeyuanThu, 14 Jan 2010 12:00:00 EST<![CDATA[Memo to Brazil, emerging markets: Congrats on Olympics -- now buy stuff!]]>http://www.bloggingstocks.com/2009/10/05/memo-to-brazil-emerging-markets-congrats-on-olympics-now-bu/http://www.bloggingstocks.com/2009/10/05/memo-to-brazil-emerging-markets-congrats-on-olympics-now-bu/http://www.bloggingstocks.com/2009/10/05/memo-to-brazil-emerging-markets-congrats-on-olympics-now-bu/#commentsFiled under: ,

It was an historic day when Rio de Janeiro was chosen as host for the 2016 Summer Olympic games -- the first emerging market ever to host the games.

It many ways it marked a formal "coming out" party, if you will, for emerging markets. It was a statement -- a confirmation -- of the the developing world's improved status in the early globalization era. It said, "We've arrived."

Continue reading Memo to Brazil, emerging markets: Congrats on Olympics -- now buy stuff!

Memo to Brazil, emerging markets: Congrats on Olympics -- now buy stuff! originally appeared on BloggingStocks on Mon, 05 Oct 2009 13:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsinthenewsOlympic GamesRioRio de JaneirotradeMon, 05 Oct 2009 13:20:00 EST<![CDATA[Will Japan intervene to weaken the yen versus the dollar?]]>http://www.bloggingstocks.com/2009/09/28/will-japan-intervene-to-weaken-the-yen-versus-the-dollar/http://www.bloggingstocks.com/2009/09/28/will-japan-intervene-to-weaken-the-yen-versus-the-dollar/http://www.bloggingstocks.com/2009/09/28/will-japan-intervene-to-weaken-the-yen-versus-the-dollar/#commentsFiled under:

The dollar fell to an eight-month low versus Japan's yen Monday, down about one-quarter yen to 89.37, and placed into the currency market spotlight the season's most compelling question to-date: will the Bank of Japan intervene to stem the yen's rise versus the buck?

Those who say central bank officials will intervene to weaken the yen argue that export-dependent Japan will be hurt if the yen appreciates more against the dollar. The yen has already risen about 20% versus the greenback in the past 12 months, and further yen increases, assuming Japan's exporters raise prices to protect their dollar-denominated profits, will result in lost sales, as Japanese goods --- particularly autos --- become too expensive for American consumers.

Continue reading Will Japan intervene to weaken the yen versus the dollar?

Will Japan intervene to weaken the yen versus the dollar? originally appeared on BloggingStocks on Mon, 28 Sep 2009 14:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>dollarinthenewstradeyenMon, 28 Sep 2009 14:20:00 EST<![CDATA[Buy American -- but promote foreign brands?]]>http://www.bloggingstocks.com/2009/05/21/buy-american-but-promote-foreign-brands/http://www.bloggingstocks.com/2009/05/21/buy-american-but-promote-foreign-brands/http://www.bloggingstocks.com/2009/05/21/buy-american-but-promote-foreign-brands/#commentsFiled under: , , , , , ,

I recently attended a Lakers' basketball playoff game and took notice of the fact that Toyota Motor Corp. (NYSE: TM) was a major sponsor advertising at Staples Staples Inc (NASDAQ: SPLS) Center. This, while our home grown car companies are all on the verge of collapse.

As we write stories on the depressed economy readers frequently comment about "buying American" as a theme that will help the greater good by keeping jobs and money in the United States.

This patriotic notion got me thinking about what would happen if we carried it further? Would we stop advertising and promotion of foreign products? Would we restrict discussion of foreign products in the media all together? Would we limit the production of foreign products here, even if they are providing jobs for Americans?

Continue reading Buy American -- but promote foreign brands?

Buy American -- but promote foreign brands? originally appeared on BloggingStocks on Thu, 21 May 2009 15:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>buy americanBuyAmericanemploymentfeaturedforeign tradeForeignTradeinthenewsjobsSheldon LiberSheldonLiberTMToyota Motor Corp.ToyotaMotorCorp.tradeThu, 21 May 2009 15:30:00 EST<![CDATA[Time to get on board UNP]]>http://www.bloggingstocks.com/2009/03/27/time-to-get-on-board-unp/http://www.bloggingstocks.com/2009/03/27/time-to-get-on-board-unp/http://www.bloggingstocks.com/2009/03/27/time-to-get-on-board-unp/#commentsFiled under: ,

From the sound of selected analysts' research, you'd think that the U.S. economy would never recover. To be sure, there's much work ahead, particularly on the toxic asset removal and credit market fronts, but if you think the U.S. stock market's steady rise in March is a sign that financial institutions are starting to position themselves ahead of the typical investor, you're correct. And with the aforementioned in mind, Union Pacific (NYSE: UNP) is worth an evaluation.

Union Pacific is the leading rail freight carrier in the United States, transporting coal, chemicals, industrial products and freight over an enormous track network: 32,000 miles of route track in 23 states in the western U.S.

Continue reading Time to get on board UNP

Time to get on board UNP originally appeared on BloggingStocks on Fri, 27 Mar 2009 17:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsfreightrailroadstradeFri, 27 Mar 2009 17:30:00 EST<![CDATA[Global economy will contract in 2009 for first time since World War II, World Bank says]]>http://www.bloggingstocks.com/2009/03/09/global-economy-will-contract-in-2009-for-first-time-since-world/http://www.bloggingstocks.com/2009/03/09/global-economy-will-contract-in-2009-for-first-time-since-world/http://www.bloggingstocks.com/2009/03/09/global-economy-will-contract-in-2009-for-first-time-since-world/#commentsFiled under: , , , ,

Investors received yet another indicator Monday that this is not your father's recession.

The global economy will likely contract in 2009 for the first time since World War II -- including a decline in trade - - the World Bank announced in its most recent report.

Continue reading Global economy will contract in 2009 for first time since World War II, World Bank says

Global economy will contract in 2009 for first time since World War II, World Bank says originally appeared on BloggingStocks on Mon, 09 Mar 2009 11:10:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>credit marketsemerging marketsfeaturedfiscal policyFiscalPolicygdpglobal economyglobalizationmonetary policyMonetaryPolicytradeWorld BankMon, 09 Mar 2009 11:10:00 EST<![CDATA[China seen passing second major stimulus package to jump-start economy]]>http://www.bloggingstocks.com/2009/03/04/china-seen-passing-second-major-stimulus-package-to-jump-start/http://www.bloggingstocks.com/2009/03/04/china-seen-passing-second-major-stimulus-package-to-jump-start/http://www.bloggingstocks.com/2009/03/04/china-seen-passing-second-major-stimulus-package-to-jump-start/#commentsFiled under: , , ,

China apparently will announce a new fiscal stimulus package in an attempt to jump-start growth in the world's third largest economy.

Chinese Premier Wen Jiabao is expected to announce "a new stimulus package" in his annual address to the nation's legislature, Li Deshui, ex-statistics bureau head told reporters in Beijing Wednesday, Bloomberg News reported.

Continue reading China seen passing second major stimulus package to jump-start economy

China seen passing second major stimulus package to jump-start economy originally appeared on BloggingStocks on Wed, 04 Mar 2009 11:20:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsfeaturedfiscal policyfiscal stimulusgdpglobal economytradeWed, 04 Mar 2009 11:20:00 EST<![CDATA[U.S. trade deficit falls to six-year low in December on declining imports]]>http://www.bloggingstocks.com/2009/02/11/u-s-trade-deficit-falls-to-six-year-low-in-december-on-declinin/http://www.bloggingstocks.com/2009/02/11/u-s-trade-deficit-falls-to-six-year-low-in-december-on-declinin/http://www.bloggingstocks.com/2009/02/11/u-s-trade-deficit-falls-to-six-year-low-in-december-on-declinin/#commentsFiled under: , , ,

container shipMany economists agree the U.S.'s pronounced recession, and the global recession, to some degree, were triggered by a series of imbalances. One of those imbalances is correcting now.

The U.S. trade deficit declined again in December 2008, by 4%, to $39.9 billion -- the lowest level since February 2003 -- on a substantial decline in imports, the U.S. Commerce Department announced Wednesday.

Further, for all of 2008, the trade deficit narrowed to $677.1 billion from $700.2 billion in 2007. In 2008, exports increased 12% to $1.84 trillion, while imports climbed 7.4% to $2.52 trillion.

Continue reading U.S. trade deficit falls to six-year low in December on declining imports

U.S. trade deficit falls to six-year low in December on declining imports originally appeared on BloggingStocks on Wed, 11 Feb 2009 10:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>emerging marketsexportsimportsinthenewstradetrade deficitU.S. Commerce DepartmentU.S. economyWed, 11 Feb 2009 10:50:00 EST<![CDATA[Here's to a more perfect global union, too]]>http://www.bloggingstocks.com/2009/02/09/heres-to-a-more-perfect-global-union-too/http://www.bloggingstocks.com/2009/02/09/heres-to-a-more-perfect-global-union-too/http://www.bloggingstocks.com/2009/02/09/heres-to-a-more-perfect-global-union-too/#commentsFiled under: , , , , , ,

It's as if every major economy in the world's emerging markets structured its economy to take advantage of U.S. consumption, and only U.S. consumption.

Of course, we know this isn't the case. Asia-to-Europe and Latin America-to-Asia trade, etc. expanded during the past decade, but then why is it that the end of the housing boom in the United States, and its accompanying slowdown in consumer spending, slowed demand seemingly everywhere -- in China, Brazil, Russia and in Europe?

Similarly, how is it that a banking crisis primarily rooted in the United States was able to propel a global financial crisis, in a multi-polar financial world? Economists and others speak of the great financial centers of the world -- London, Frankfurt, Hong Kong and Tokyo -- in addition to New York. How is it, then, that when New York has a problem -- admittedly its biggest financial crisis in generations -- the global financial system nearly freezes up, as we saw in the credit markets last fall? What ever happened to decoupling?

Continue reading Here's to a more perfect global union, too

Here's to a more perfect global union, too originally appeared on BloggingStocks on Mon, 09 Feb 2009 18:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>consumer spendingemerging marketsglobalizationtradeMon, 09 Feb 2009 18:40:00 EST<![CDATA[Will the U.S. economy's focus shift from consumption to production?]]>http://www.bloggingstocks.com/2009/02/04/will-the-u-s-economys-focus-shift-from-consumption-to-producti/http://www.bloggingstocks.com/2009/02/04/will-the-u-s-economys-focus-shift-from-consumption-to-producti/http://www.bloggingstocks.com/2009/02/04/will-the-u-s-economys-focus-shift-from-consumption-to-producti/#commentsFiled under: , , ,

It's an axiom of business theory that change is continual in market economies, but as economist David H. Wang points out, there's change that corporations and citizens can prepare for, and then there's change that few expect.

The latter is, by its nature, Wang says, more disruptive - - driving companies out of business, compelling triage-like changes in business models of others, while also triggering wholesale changes to family budgets, career paths, and students' educational objectives.

Wang groups change in three categories: cyclical (as in the business cycle), technological (such as the Internet, car, telephone, electrification, railroad etc.), and structural (globalization, Cold War, Marshall Plan, Bolshevik Revolution, the Enlightenment, Protestant Reformation, etc).

Continue reading Will the U.S. economy's focus shift from consumption to production?

Will the U.S. economy's focus shift from consumption to production? originally appeared on BloggingStocks on Wed, 04 Feb 2009 15:15:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Baby Boomersconsumer spendingfeaturedgdpglobalizationmanufacturingmedian incomessbuxtradeU.S. economyWed, 04 Feb 2009 15:15:00 EST<![CDATA[China seen ignoring, for now, Geithner yuan remark as 'confirmation posturing' ]]>http://www.bloggingstocks.com/2009/01/23/china-seen-ignoring-for-now-geithner-yuan-remark-as-confirmat/http://www.bloggingstocks.com/2009/01/23/china-seen-ignoring-for-now-geithner-yuan-remark-as-confirmat/http://www.bloggingstocks.com/2009/01/23/china-seen-ignoring-for-now-geithner-yuan-remark-as-confirmat/#commentsFiled under: , ,

Oh, relax, it's only January.

That was one China expert's evaluation of the impact of U.S. Treasury Secretary-designate Timothy Geithner's comment that he believes China is "manipulating" its currency.

China's currency, the yuan, which China allows to trade in a tight band, and not float freely in the currency market, has long been been viewed by Congressional lawmakers, business executives, and analysts as a tactic by China to artificially depress the value of its goods, in order to increase exports sales. Critics argue China is creating an unnatural competitive advantage for its companies. The yuan closed Thursday at 6.8380 to the dollar.

China counters that it must keep its currency fixed to protect its young, immature industries and developing economy.

Taking it with a grain of salt

Further, while the Bush administration did not push the currency issue much with China, and Geithner's comments suggest otherwise, economist David H. Wang, a China expert, said China is likely to disregard Geithner's comments.

"China's leaders have developed an increasing sophistication regarding the American political system," Wang said. There is a phrase you hear a lot now in Beijing that translates roughly to 'Don't pay attention to any comments from America from November thru January.' And, for the most part, that's a good rule to follow."

Continue reading China seen ignoring, for now, Geithner yuan remark as 'confirmation posturing'

China seen ignoring, for now, Geithner yuan remark as 'confirmation posturing' originally appeared on BloggingStocks on Fri, 23 Jan 2009 14:01:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>budget deficitdollarexportsGeithnerinthenewstradetrade deficityuanFri, 23 Jan 2009 14:01:00 EST<![CDATA[My predictions for Obama's first year]]>http://www.bloggingstocks.com/2009/01/19/my-predictions-for-obamas-first-year/http://www.bloggingstocks.com/2009/01/19/my-predictions-for-obamas-first-year/http://www.bloggingstocks.com/2009/01/19/my-predictions-for-obamas-first-year/#commentsFiled under: , ,

Like all good marriages, the union of Barack Obama and the American people will start tomorrow with the best of intentions. The problem is that it won't last, particularly when it comes to the economy.

The president-elect already is at odds with House Speaker Nancy Pelosi over whether to repeal the Bush tax cuts before they expire in 2010, according to the Wall Street Journal. The economic stimulus package is expected to top $850 billion as part of Obama's pledge to create jobs and reducing taxes. Meanwhile, the housing market continues to stink and the stock market continues to be dreadful.

Improving the economy is going to be a long, painful process. Think turning around a super-tanker and you get the idea. Good news is going to be hard to come by over the next 12 months. Bad news will be plentiful. Here are some predictions of the troubles that lie ahead for the economy no matter despite Obama's best intentions.
  • Corporate bankruptcies -- Experts are predicting one of the biggest waves of corporate bankruptcies and restructurings in years. Already, Circuit City Stores Inc. (OTC: CCTYQ) has bitten the dust and the year is just getting started. Loads of retailers who are already operating on the razor's edge of profitability may be pushed over the edge. I doubt that enough credit will be unlocked by government fiat to address this problem.

Continue reading My predictions for Obama's first year

My predictions for Obama's first year originally appeared on BloggingStocks on Mon, 19 Jan 2009 16:30:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>BACbanksCCTYQCircuit CItyCircuitCityeconomic stimulusEconomicStimuluseconomyfeaturedLarry SummersLarrySummersLehman brothersLehmanBrothersNancy PElosiNancyPelositradeMon, 19 Jan 2009 16:30:00 EST