A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Watch out counterfeiters: Canada is planning to abandon paper money.
This week, our friend to the north introduced the first in its new line of all-plastic notes -- a cool $100 bill made out of a single sheet of plastic polymer and tricked out with...
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The cooling of China’s real estate sector is good for the economy. But the government is right to be worried about the social consequences of the bubble bursting.
In October, Beijing announced that four city and provincial governments – Shangha...
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All hunky dory for the early openers: Kiwis +0.3%, Aussies +0.6%, Nikkers +1.5% and Sth Korea +2.2%. Singers and Taiwan have just opened, both +2%.
Aussie sectors not getting too carried away: Gold +1.2% ranging down to Consumer Staples -0.3%.
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Early openers lacking impetus: Kiwis +0.4%, Aussies -0.2%, Nikkers -0.3%, Sth Korea -0.1%, Singers +0.6% and Taiwan +0.2%.
In Aussie sectors, Healthcare -2.6%, IT -1.5% with the only up sectors being Miners +0.9%, Materials +0.8% and Gold +0.7%.
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The TBAC cut the amount of expected Treasury supply for the balance of the fourth quarter in recognition of the improvement in revenues that has already occurred and is likely to continue for the balance of the quarter. We began to note this improvement based on our daily tracking of Federal tax receipts soon...
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A green start to the week for the Antipodes. The Kiwis have an +0.4% gain and the Aussies +0.3% with the latter getting a boost from IT +1.3% and Energy +0.7%. Gold is the only down sector, -0.5%.
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A giant shakeout in the morning allowed market makers to build long positions. Then at 2 PM the Fed announced that it was buying $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank securities. That news gave impetus to the reversal that was already under way, and they managed to pop...
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