ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Atlanta retail foreclosures part of troubled economy | ajc.com …economic conditions‚ a lengthy recession that has hurt retailers as much as anyone‚ are part of the formula that is making retail foreclosures a new part of the economic landscape in Atlanta. According to several retail experts, banks are beginning to foreclose on retail projects as … Read more
John Lewis: 4-year-olds are getting tax credits for buying homes | Political Insider It’s more than passing strange that, in the U.S. Senate, Johnny Isakson of Georgia has been pushing an expanded tax credit for homebuyers while, in the House, U.S. Rep. John Lewis of Atlanta is examining abuse of the same. (tags: housing fraud … Read more
The last hour of trading on Wednesday was marred by swift, high-volume selling, an extremely rare sight in the current market. It seemed to come from “nowhere” but the signs of some kind of reversal have been building in some poor post-earnings trading in many big-cap names. I earlier pointed out that Intel (INTC) seems … Read more
It's Time to Raise Rates, Ben at SmartMoney.com IT'S TIME FOR the FederalReserve to stop talking about an "exit strategy" and to start implementing one. (tags: Federal Reserve,interest rates,recovery,U.S. dollar) Why Barnes & Noble May Have a Kindle Killer-Minyanville Book retailer and major Amazon competitor Barnes & Noble (BKS) will be unveiling its own e-reader … Read more
Moments like these remind me how swiftly the tides can change in foreign exchange. The minutes from the Bank of England’s meeting in October showed that all members now support leaving quantitative easing at its current level of 175 billion pounds. This unified support marks a change in particular for Governor Mervyn King who earlier … Read more
Yesterday, the Bank of Canada decided to maintain its exceptionally low interest rate of 0.25% and reiterated its commitment to hold rates this low until the end of the second quarter of 2010. This move stands in stark contrast to the rate increase implemented by Canada’s similarly resource-rich “G20 cousin” Australia just two weeks ago. … Read more
London house prices surge past 2007 record high Property asking prices in London have broken through the record high set in November 2007 as the drought of homes for sale around the country continues to distort the market. New research out today shows that the average asking price in London jumped 6.5% to £461,157 in … Read more
Fears rise of prolonged weakness (UK) Fears that the UK could be facing a prolonged period of economic weakness have risen after a survey of manufacturers showed few companies believe a recovery has started, while many continue to be frustrated by the reluctance of the banks to release credit. (tags: United Kingdom,economy,recession,recovery) A Change Has … Read more
Investors and traders were clearly impressed with Google’s third quarter earnings report on Friday sending the stock up 3.8% on 3 times average volume (for the past three months). Google (GOOG) is now up a whopping 79% for the year and is at 15-month highs. There are of course many things to like about GOOG’s … Read more
The excitement over Intel’s Q3 earnings report has already worn off. After peaking as high as $21.60 or so in the immediate aftermath of the release (after hours trading), Intel (INTC) dropped as low as $20 today. While this is just a small amount below the pre-earnings close of $20.49, this drop has still created … Read more