Daily Digest

Daily Digest 3/6 - Illusion Based On A Fantasy, Wen Jiabao Makes Pledge To China's Poor, Global Rally Fuels Inflation

Sunday, March 6, 2011, 11:44 AM
  • Mauldin: Are Booming Economies Good for the Markets?
  • Illusion Based On A Fantasy
  • HSBC reveals plans to quit London for Hong Kong
  • Wen Jiabao makes pledge to China's poor at National People's Congress
  • Wall Street's secretive 'expert networks'
  • Balancing Inflation And The Rouble
  • Global Currency Rally Fuels Inflation
  • Saudis mobilise thousands of troops to quell growing revolt

Crash Course DVDThe 3-disc DVD with presenter’s pack offers helpful guidance for sharing the 3E message with your community. (NTSC or PAL)

Economy

Mauldin: Are Booming Economies Good for the Markets? (JRB)

The economy is doing better, and we will survey some of the highlights. But does this mean the stock market is headed higher?

Illusion Based On A Fantasy (Ilene)

The recent activity of the markets reminds us of the “Jolly Caucus Race” lyric from the old Disney classic “Alice in Wonderland.” With the indexes bouncing up and down, and the Dow vacillating between 12,000 to 12,350 in the last three weeks, it is better to be “rangish” and cashy than bullish or bearish.

HSBC reveals plans to quit London for Hong Kong (pinecarr)

HSBC has told its biggest shareholders that it is preparing to quit London in a shock move that the bank has revealed to key investors is now "more likely than not".

Wen Jiabao makes pledge to China's poor at National People's Congress (pinecarr)

State media offered its most public warning yet against protests, saying "turmoil" in the Middle East had brought calamity to ordinary people.

The commentary in the Beijing Daily newspaper urged citizens to "conscientiously protect harmony and stability", adding: "At home and abroad, some people with ulterior motives are trying to draw this chaos into China. They have used the internet to incite illegal gatherings.

Wall Street's secretive 'expert networks' (pinecarr)

Gupta, who denies any wrongdoing, is alleged to have passed corporate secrets learned as a board member of Goldman Sachs to Raj Rajaratnam, the founder of the Galleon hedge fund, whose own trial on several counts of fraud and insider trading is due to start on Tuesday.

Balancing inflation and the rouble (pinecarr)

Inflation took off in January, with the surge in crude prices and commodities generally leading to fears it could go higher. Vladimir Tikhomirov, Chief economist at Otkritie says the full inflationary impact of the recent surge in oil prices has yet to be felt.

The current surge in oil prices will gradually worsen Russian inflation, in fact oil prices is not so far a major issue for the inflation process. When we see increase in oil prices it leads to hikes in fuel prices and the chain is further obvious for Russia meaning that inevitably food prices start rising. Taking into consideration that food products account for 38% of consumer basket it became apparent that consumer sentiments will deteriorate. Apart from oil prices, dwindling of harvest and continuous increase of tariffs amalgamate into a serious blast of inflation.

Global Currency Rally Fuels Inflation (pinecarr)

A record rally in key global currencies against the shilling in the last few weeks has heightened Kenya’s exposure to imported inflation.

Saudis Mobilise Thousands Of Troops To Quell Growing Revolt (pinecarr)

Saudi Arabia's worst nightmare – the arrival of the new Arab awakening of rebellion and insurrection in the kingdom – is now casting its long shadow over the House of Saud. Provoked by the Shia majority uprising in the neighbouring Sunni-dominated island of Bahrain, where protesters are calling for the overthrow of the ruling al-Khalifa family, King Abdullah of Saudi Arabia is widely reported to have told the Bahraini authorities that if they do not crush their Shia revolt, his own forces will.

Article suggestions for the Daily Digest can be sent to [email protected]. All suggestions are filtered by the Daily Digest team and preference is given to those that are in alignment with the message of the Crash Course and the "3 Es."

3 Comments

Damnthematrix's picture
Damnthematrix
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 3998
Saudi Arabia bans all

Saudi Arabia bans all marches as mass protest is planned for this Friday. Extra
troops are sent to north-east to quash any Shia protest as King Abdullah's
regime gets jittery and oil prices soar in response to the region's continued
unrest. By way of emphasis, a statement broadcast on Saudi television said the
authorities would "use all measures" to prevent any attempt to disrupt public
order.

http://www.independent.co.uk/news/world/middle-east/saudi-arabia-bans-all-marche\
s-as-mass-protest-is-planned-for-friday-2233666.html

idoctor's picture
idoctor
Status: Diamond Member (Offline)
Joined: Oct 4 2008
Posts: 1731
(No subject)

Arthur Robey's picture
Arthur Robey
Status: Diamond Member (Offline)
Joined: Feb 4 2010
Posts: 3936
Groan. Not again.

http://coldfusionnow.wordpress.com/2011/03/04/edmund-storms-on-the-rossi...

My comments are noted on the site. Demonstration coming to Florida in October.

Spies needed, please

This is important. We are watching the beginings of the new worlds energy supply.

And No, I don't believe in perpetual motion machines and flying saucers.

 Dr. Storms: That’s where the factory is that Rossi owns. Rossi has business interests in the United States, he has a number of companies. He has a company in Florida and that’s where the cells are being manufactured.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Login or Register to post comments