China continues to Zip in Feb: 46% export rise. Someone call Chanos | read this item
I feel really sorry for the LPs of Janos who had literally written of China when he called for that historic short on China.
China’s exports rose more than forecast in February and posted a third straight gain, a rebound that adds to pressure on policy makers to pare back stimulus measures adopted during the [...]
Bid/Cover 3.45
Total Amount $21 B
Yield Awarded 3.735%
The 10 Year auction was among the healthiest auction in the last 6 months with Bid/cover coming in at 3.45 while indirect bidders taking 35% of the amount. If tomorrow 30 year auction turns to be healthy, Gold may have topped for [...]
US millionaires grew: So did the poor! | read this item
We updated you earlier today with the news item that US millionaires rose 7.8% in 2009.
The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), grew 16% to 7.8 million in 2009, up from 6.7 million the year before, according to “Affluent Market Insights 2010,” [...]
US millionaires grew 7.8% in 2009 | read this item
U.S. Millionaires Grow 16% to 7.8 Million in 2009
Follows Sharp Decline the Year Before
Households Worth $5 Million or More Increase 17% to 980,000
The number of U.S. households with a net worth of $1 million or more, not including primary residence (NIPR), grew 16% to 7.8 million in 2009, up from 6.7 million the year before, [...]
The Indian bond market is exhibiting turbulence again. Yields on the 10-year bond are on a 17-month high. Concerns over inflation and the Union government’s record level borrowing have spooked the market. Yield on the benchmark 10-year bond hovered around 8% on Tuesday.
In bond markets, interest due on bonds (called the yield) and their price [...]
Weekly FII inflows highest in five months | read this item
Foreign institutional investors, or FIIs, purchased Indian stocks worth $1.35 billion (Rs6,213.8 crore) in the last one week, the highest in five months and the best in any week after a Union budget since 2001, as the fiscal consolidation plans outlined in the annual government financial statement boosted sentiments and fears of a Greek debt [...]
India tops Manpower survey on hiring growth in next quarter | read this item
India has topped a survey of 36 countries predicting the job market for April-June 2010 as companies across sectors look to increase their headcount.
The study by human resources firm Manpower Inc. pegs India’s seasonally adjusted net employment outlook for the three months at 39%, or four percentage points higher than for January-March.
The optimism is much [...]
Dollar update: Target 1.20 to EURO by 2011 | read this item
EUR/USD
BofA had some really tough thoughts for he queen of all crosses, EUR/USD.
Weakness in EUR-USD year to date has run ahead of our once aggressively bearish forecasts. We have adjusted our forecast profile, as a result. The underlying story of receding global liquidity exposing underlying euro frailty and over-valuation remains. In terms of specific forecast [...]
A disaster around the corner? CDS to settle in Gold | read this item
There seems to be some kind of new trend developing in large opaque world of credit derivatives. Traders seem to demand CDS payment in Gold rather than in EURO which was the currency of choice till now.
Janet Tavakoli of Tavakoli Structured Finance, Inc. writes:
Remember AIG? When prices moved against AIG on its credit default [...]
From a blog Arabian Money
The shift in interest from gold as a raw material for jewelry manufacture to pure investment use mainly accounted for a 15 per cent fall in gold imports to Dubai last year.
Yet the City of Gold still traded a whopping 576 tonnes of the yellow metal, albeit down from 674 tonnes [...]
China continues to Zip in Feb: 46% export rise. Someone call Chanos | 
10 Year auctions: Well bid | 
India tops Manpower survey on hiring growth in next quarter | 
Dollar update: Target 1.20 to EURO by 2011 | 
