ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
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