Thursday, February 21, 2013
The Economic Impact of a War Between Japan & China
A 5 min lecture on the economic and geopolitical consquencies of a shooting war between China and Japan, the world's No. 2 and No. 3 economies respectfully.
Even you are not interested in the topic, and damn it you should be, watch it for the amazing time lapse drawing , a very impressive way of conveying a message.
From MinuteMBA
Even you are not interested in the topic, and damn it you should be, watch it for the amazing time lapse drawing , a very impressive way of conveying a message.
From MinuteMBA
Australian Share Market looses $35 Billion
Original source
The sharemarket has shed $35 billion in the biggest one-day loss in nine months as the strong surge of 2013 came to an abrupt end.
The benchmark S&P/ASX200 closed at the day’s low, down 118.6 points, or 2.3 per cent, to 4980.1, while the broader All Ordinaries dropped 115.8 points, or 2.3 per cent, to 4998.6.
All sectors finished lower, contributing to the biggest sell-off since May last year, with energy stocks slumping 4.6 per cent, materials sliding 3.4 per cent and financials falling 2.4 per cent.
‘‘I’m not overly alarmed, this is probably a healthy break for the market after a strong run,’’ said Mike Kendall, executive director JBWere.
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‘‘Pretty much everyone knows that things just won’t go up in a straight line,’’ he said.
Another factor contributing to the sell-off was comments from the US Federal Reserve which, citing a risk of inflation, hinted at the winding back of its quantitative easing program.
Miners suffered heavy losses, with BHP falling 3.8 per cent to $37.17, Rio Tinto sliding 3 per cent to $67.30 and Fortescue Metals dropping 2.4 per cent to $4.80.
Read more: http://www.smh.com.au/business/markets/heavy-losses-see-35b-wiped-off-market-20130221-2esvo.html#ixzz2LVpY4HBa
Rick Rule on Precious Metals market
Rick Rule discusses the current moves in precious metals and in particular the attractive price point for Platinum and Palladium.
James Turk on the Gold and Silver Markets
Stocks Fall as Dollar Gains on Fed’s Easing Debate
Feb. 20 (Bloomberg) -- U.S. stocks retreated from five-year highs while oil, gold and silver led commodities lower as minutes from the Federal Reserve’s last meeting showed policy makers debated the risks and benefits of bond purchases. Matt Miller, Trish Regan and Adam Johnson report on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Australian Dollar falls one cent to USD
From news.com.au
Original source
THE Australian dollar has fallen more than one US cent as it looks likely there could be an early end to the US Federal Reserve's stimulus program.
At 7am AEDT today, the local unit was trading at 102.44 US cents, down from 103.65 cents yesterday.
The currency reached an overnight low of 102.43, its weakest level since Tuesday of last week.
The minutes of the Fed's January policy meeting show that some members were worried that the bond-buying programs could eventually escalate inflation and unsettle financial markets.
Read more: http://www.news.com.au/business/australian-dollar/dollar-drops-one-us-cent/story-fn6t6wad-1226582380948#ixzz2LTsmWWOR
Original source
THE Australian dollar has fallen more than one US cent as it looks likely there could be an early end to the US Federal Reserve's stimulus program.
At 7am AEDT today, the local unit was trading at 102.44 US cents, down from 103.65 cents yesterday.
The currency reached an overnight low of 102.43, its weakest level since Tuesday of last week.
The minutes of the Fed's January policy meeting show that some members were worried that the bond-buying programs could eventually escalate inflation and unsettle financial markets.
Read more: http://www.news.com.au/business/australian-dollar/dollar-drops-one-us-cent/story-fn6t6wad-1226582380948#ixzz2LTsmWWOR
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| Chart from xe.com |
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