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Friday, November 9, 2007

Bernanke downbeat on economy


Fri, 09 Nov 2007 01:48:21

Bernanke blamed credit crisis for dollar's fall
The US Federal Reserve chief has warned the country may have a difficult time curbing the inflation likely to be sparked by dollar devaluation.

Ben Bernanke noted the dollar's decline could give rise to higher import prices which in turn would lead to inflation.

He deemed the credit crisis, triggered by debtors defaulting on their loans to the banks, to be at the root of the dollar's nosedive.

He sounded further alarms that the recent turn of events in the US economy could send it into serious decline before the end of 2008.

Highlighting the issue of credit crisis, which he claimed has resulted in banks thinking twice when lending money, Bernanke said there was likely to be more "financial restraint on economic growth as credit becomes more expensive and difficult to obtain".

HN/HAR



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Thursday, November 8, 2007

Wednesday, October 31, 2007

Veteran investor quits greenback


Wed, 31 Oct 2007 14:31:05

Veteran investor Jim Rogers
Legendary investor Jim Rogers has made a decision to quit the dollar and shift his investments into currencies including China's yuan.

The 65-year-old Rogers said he placed great trust in the Chinese yuan alongside the Japanese yen and the Swiss franc since the US economy was "in recession".

"I live in Asia. It is really not that strange that I am selling out of the US dollar," Rogers told The Daily Telegraph.

"The US economy is undoubtedly in recession," he added. "Many parts of industry are actually in a state worse than recession. If it were not for [Federal Reserve Governor Ben] Bernanke putting huge amounts of money into the market, the stock market would probably be down much more than it is."

Expressing satisfaction with the Shanghai Composite Index closing at 5843 points, Rogers said, "I do not want to sell Chinese stocks. I want to own them forever and I want my daughter to own them."

Rogers ranks among the world's best-known investment figures.

HRF/BGH




Saturday, October 13, 2007

Saturday, September 1, 2007

US Mortgage relief plan

US credits claims extra $10b
Fri, 31 Aug 2007 14:38:12
Source: Agencies
US President George Bush claims the US economy is robust.


The United State's Federal Reserve injects an additional $10 billion into the financial system amid the developing credits crisis in the US.


The endorsement of the ten billion dollar brings the total of injected funds into the financial system to a $147.25 billion since August 9, 2007.

Federal Reserve aims to facilitate the tightening credit stemming from the arising troubles in the high-risk sub prime mortgage market.

Despite the warnings that the spreading credit turmoil could recess the US economy, the Bush administration has repeatedly claimed that the global growth and the US economic fundamentals are dominant and healthy.






Monday, August 27, 2007

Wednesday, July 11, 2007

Sunday, June 10, 2007

Investing 102

Thursday, May 24, 2007

Wednesday, May 9, 2007

Forex - FX

The foreign exchange (also known as "forex" or "FX") market is the place where currencies are traded. The overall forex market is the largest, most liquid market in the world with an average traded value that exceeds $1.9 trillion per day and includes all of the currencies in the world.

Investopedia Says: There is no central marketplace for currency exchange, rather, trade is conducted over-the-counter. The forex market is open 24 hours a day, five days a week, with currencies being traded worldwide among the major financial centers of London, New York, Tokyo, Z├╝rich, Frankfurt, Hong Kong, Singapore, Paris and Sydney - spanning most time zones.

The forex is the largest market in the world in terms of the total cash value traded, and any person, firm, or country may participate in this market.





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Currency-literally foreign money-used in settlement of international trade between countries. Trading in foreign exchange is the means by which values are established for commodities and manufactured goods imported or exported between countries. Creditors and borrowers settle the resulting international trade obligations, such as bank drafts, bills of exchange, bankers' acceptances, and letters of credit, by exchanging different currencies at agreed upon rates.

The result of all this international trade is that financial institutions accumulate surpluses of different currencies from loan repayments by foreign borrowers, and also from import-export trade financing on behalf of bank customers.

The interbank foreign exchange market is an over-the-counter market, a network of commercial banks, central banks, brokers, and customers who communicate with each other by telex and telephone throughout the world's major financial centers. Foreign exchange traders also make markets or speculate in different currencies, usually anticipating future appreciation of stronger currencies against weaker ones, through the foreign exchange Forward Market and the Currency Futures market.

Thursday, January 11, 2007




New Rules Investing Group



Investment

An asset or item that is purchased with the hope that it will generate income or appreciate in the future. In an economic sense, an investment is the purchase of goods that are not consumed today but are used in the future to create wealth. In finance, an investment is a monetary asset purchased with the idea that the asset will provide income in the future or appreciate and be sold at a higher price.

Investopedia Says: The building of a factory used to produce goods and the investment one makes by going to college or university are both examples of investments in the economic sense.


In the financial sense investments include the purchase of bonds, stocks or real estate property.


Be sure not to get 'making an investment' and 'speculating' confused. Investing usually involves the creation of wealth whereas speculating is often a zero-sum game; wealth is not created. Although speculators are often making informed decisions, speculation cannot usually be categorized as traditional investing.


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Finance

The science that describes the management of money, banking, credit, investments, and assets.

Investopedia Says: Basically, finance looks at anything that has to do with money and the market.

finance

Definition: offer loan money; set up in business
Antonyms: call in, take

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