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Keyword: dollar

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  • Fed, global central banks move to boost financial system (Got Inflation?)

    11/30/2011 5:36:50 AM PST · by TSgt · 77 replies
    MSNBC ^ | 11/30/2011 | By Patrick Rizzo
    The U.S. Federal Reserve, acting with five other central banks, took steps Wednesday to boost the troubled global financial system by making it cheaper for banks to trade in U.S. dollars. The Fed -- along with central banks of the eurozone, England, Japan, Switzerland and Canada -- announced a coordinated plan to lower prices on dollar liquidity swaps beginning on December 5, and extending these swap arrangements to February 1, 2013.
  • US uncertain Israel would advise before Iran strike

    11/30/2011 3:46:03 PM PST · by SmithL · 20 replies
    Jerusalem Post ^ | 12/1/11 | JPOST.COM STAFF AND REUTERS
    ABOARD A US MILITARY AIRCRAFT - The top US military officer told Reuters on Wednesday he did not know whether Israel would alert the United States ahead of time if it decided to take military action against Iran. General Martin Dempsey, the chairman of the Joint Chiefs of Staff, also acknowledged differences in perspective between the United States and Israel over the best way to handle Iran and its nuclear program. He said the United States was convinced that sanctions and diplomatic pressure was the right path to take on Iran, along with "the stated intent not to take any...
  • Images Show Devastation at Iran Base After Blast

    11/29/2011 11:31:05 PM PST · by neverdem · 64 replies
    NY Times ^ | November 29, 2011 | WILLIAM J. BROAD
    The large, deadly explosion at an Iran military base in Iran on Nov. 12, which Iranian authorities have called an accident that set back research work there by a few days, appears to have been far more devastating than their description suggested, according to an analysis of newly released commercial satellite images of the blast site. The images reveal vast destruction and chaotic disarray across a sprawling complex composed of more than a dozen buildings and large structures. The Institute for Science and International Security, a private group in Washington, made the satellite images public Monday, along with an analysis...
  • France summons Iranian envoy over UK embassy incident in Tehran

    11/30/2011 7:59:44 AM PST · by nuconvert · 6 replies
    Kuwait News Agency ^ | Nov. 30, 2011
    PARIS, Nov 30 (KUNA) - The French Foreign Ministry on Wednesday summoned Iran's current senior envoy to Paris to hear a protest over the incidents and damage caused at the British embassy in Tehran Tuesday. French Foreign Ministry spokesman Bernard Valero indicated that the Iranian Charge d'Affaires, Amir Miri, has been called in to the Ministry and was told that France "very firmly condemns the attack and unacceptable pillage" at the British mission. France had already condemned the apparently organized incident in the embassy, when a group of protesters ran amok, breaking furniture and throwing files and other items around...
  • Britain withdrawing all embassy staff from Iran

    11/30/2011 7:04:30 AM PST · by nuconvert · 18 replies
    LONDON (AP) — Britain's foreign secretary on Wednesday ordered all Iranian diplomats out of the U.K within 48 hours following attacks on the British embassy and a residential compound in Tehran.
  • Trump Says Obama Will Start A War With Iran To Get Reelected

    11/30/2011 8:57:54 AM PST · by Strategy · 88 replies
    Business Insider ^ | November 29, 2011
    Donald Trump doesn't simply believe that President Barack Obama was not born in this country - he thinks Obama will start a war to win reelection. Trump posted this ridiculous and baseless tweet a few minutes ago: In order to get elected, @BarackObama will start a war with Iran.
  • The shadow war against Iran

    11/30/2011 4:43:49 PM PST · by jazusamo · 14 replies
    The Washington Times ^ | November 30, 2011 | Editorial
    Force is being used to attempt to halt Iran’s nuclear weapons program. On Monday, an explosion rocked the city of Isfahan in western Iran, site of a conversion facility that prepares uranium for enrichment at other sites. Conflicting reports attributed the explosion to either an accident at a gas station or a military training incident, or they denied it even happened. The blast came two weeks after Iranian Revolutionary Guards Corps (IRGC) Gen. Hasan Tehrani Moghaddam and 20 other IRGC members were killed in a massive explosion at a base near the village of Bidganeh, southwest of Tehran. The base...
  • Confederation of Iranian Students statement on UK embassy attack

    11/30/2011 4:56:31 PM PST · by Nachum · 2 replies · 1+ views
    Israel matzav ^ | 11/30/11 | Carl In Jerusalem
    I received via email the following statement from the Confederation of Iranian Students and the Iranian Freedom Institute regarding the Basij-led attack (that's what they're calling it - the Iranians are calling the attackers 'students') on the British embassy in Tehran on Tuesday. As the U.S. and its European allies begin to impose effective sanctions on the Islamic Republic, the western democracies should anticipate that the regime will initiate more of these fully-authorized, staged incidents under the guise of a student movement. The so-called students, of course, are plain-clothed basiji following orders from the regime. Even Moussa Ghornani, a member...
  • Mysterious blast rocks home of Iran nuke facility

    11/30/2011 3:43:19 PM PST · by Evil Slayer · 13 replies · 1+ views
    Jerusalem Post ^ | 11/29/11 | Yaakov Katz
    Source, target of Isfahan blast unclear; satellite image shows extensive damage to missile base blown-up Nov. 12. A mysterious explosion rocked the Iranian city of Isfahan on Monday, home to a key facility in Tehran’s nuclear program. The source and target of the explosion were unclear. Some reports claimed that it took place in a military base and others claimed it was a gas explosion. Isfahan hosts a nuclear facility involved in processing uranium which is fed to the Natanz fuel enrichment facility. Two weeks ago, on November 12, an explosion hit an Iranian military base near the town of...
  • Fitch Ratings: ‘Negative’ outlook for U.S. credit rating

    11/28/2011 4:30:49 PM PST · by ColdOne · 5 replies
    Politico ^ | 11/28/11 | JOSH BOAK
    Following the failure of the supercommittee, the U.S. government’s AAA credit rating was placed on a “negative outlook” Monday by Fitch Ratings, indicating a more than 50 percent chance the country gets slapped with another downgrade in the next two years. “By postponing the difficult decisions on tax and spending until after forthcoming congressional and presidential elections, the scale and pace of required deficit reduction will consequently be greater,” Fitch said in a statement. “Conversely, failure to reach agreement in 2013 on a credible deficit reduction plan and a worsening of the economic and fiscal outlook would likely result in...
  • Euro and the Dollar: Whose Fuse is Shorter?

    11/28/2011 3:21:40 AM PST · by RWB Patriot · 7 replies
    Capitalism Magazine ^ | 11-23-11 | Peter Schiff
    With fiscal time bombs ticking in both Europe and the United States, the pertinent question for now seems to be which will explode first. For much of the past few months it looked as if Europe was set to blow. But Angela Merkel's refusal to support a Federal Reserve style bailout of European sovereigns and her recent statement the she had no Hank Paulson style fiscal bazooka in her handbag, has lowered the heat. In contrast, the utter failure of the Congressional Super Committee in the United States to come up with any shred of success in addressing America's fiscal...
  • Europe Fears a Credit Squeeze as Investors Sell Bond Holdings

    11/19/2011 8:00:57 PM PST · by Kartographer · 8 replies
    NYT ^ | 11/18/11 | NELSON D. SCHWARTZ and ERIC DASH
    Nervous investors around the globe are accelerating their exit from the debt of European governments and banks, increasing the risk of a credit squeeze that could set off a downward spiral. Financial institutions are dumping their vast holdings of European government debt and spurning new bond issues by countries like Spain and Italy. And many have decided not to renew short-term loans to European banks, which are needed to finance day-to-day operations. If this trend continues, it risks creating a vicious cycle of rising borrowing costs, deeper spending cuts and slowing growth, which is hard to get out of, especially...
  • Obama: China’s stooge

    11/17/2011 6:26:56 AM PST · by safetysign · 8 replies
    Washington Times ^ | 11/17/2011 | Brett Decker
    "President Obama is overseas on a nine-day Blame America First tour. He’s ostensibly spending time on the other side of the Pacific to explore ways the United States can work better with Asian economies. Instead, he’s using his time in the spotlight to criticize the nation he’s supposed to be leading."
  • U.S. Dollar Teetering On The Abyss

    11/15/2011 9:10:18 AM PST · by blam · 12 replies
    TMO ^ | 11-15-2011 | Toby Connor
    U.S. Dollar Teetering On The Abyss Currencies / US Dollar Nov 15, 2011 - 03:01 AM By: Toby Connor We all better hope I'm wrong on this one, but I think the CRB just put in its three year cycle low in October. I'm also afraid that Bernanke has done irreparable damage to the dollar. If I'm right about both of those assumptions then we are on the brink of a historic inflationary period. I've marked the major three year cycle bottoms in both the CRB index and the dollar index on the chart below with blue arrows. (Actually the...
  • ALERT: Yen Plunges Big-Time After Japan Intervenes In The Market

    10/30/2011 8:53:14 PM PDT · by blam · 23 replies
    TBI ^ | Joe Weisenthal
    ALERT: Yen Plunges Big-Time After Japan Intervenes In The Market Joe Weisenthal Oct. 30, 2011, 9:50 PM After watching its currency hit new post-WWII high after post-WWII high against the dollar, finally Japan has moved to intervene. Here's a chart of the dollar vs. yen via FinViz. As you can see, the dollar has surged against the yen in the past few minutes. The super-strong yen has been a source of major consternation for Japanese exporters, for whom the strong yen has made business difficult. Nintendo, for example, blamed the super-strong yen for a quarterly loss.
  • Supercommittee Isn't Making Super Cuts In The Deficit

    10/28/2011 5:31:41 PM PDT · by Kaslin · 9 replies
    IBD Editorials ^ | October 28, 2011 | Editor
    Budget: Given all the hoopla, you'd think the deficit Supercommittee was hacking away at the size of government without mercy. In fact, even the $1.2 trillion in hoped-for cuts will do nothing to attack our long-term deficits. Sometimes it's worse to pretend to be doing something about a serious problem than it is to do nothing at all. That's where we are in our talks about our out-of-control spending. Just as the European Union did, we're going through two months of talks about what to do about long-term fiscal imbalances. Under the deal that kept the government from shutting down...
  • Fed Is Poised for More Easing

    10/21/2011 8:52:43 AM PDT · by Qbert · 13 replies
    Federal Reserve officials are starting to build a case for a new program of buying mortgage-backed securities to boost the ailing economy, though they appear unlikely to move swiftly. The idea would be to target any new efforts by the central bank at the parts of the economy that are most severely impeding a recovery—the housing and mortgage markets—by working to push down mortgage rates. Lower mortgage rates, in turn, could encourage more home buying and mortgage-refinancing, and help the economy by freeing up cash for consumers to spend on other goods and services. Mortgage rates are already very low,...

    10/18/2011 5:53:27 AM PDT · by blam · 28 replies
    TBI ^ | 10-18-2011 | Joe Weisenthal
    <p>The number is out, and it's HOT!</p> <p>PPI hs jumped 0.8%, well above the 0.2% analysts had expected.</p> <p>Core PPI, which excludes food and energy, was only up 0.2%, which is still above the 0.1% that analysts had expected.</p> <p>The culprit? Blame food and energy.</p>
  • Fitch Downgrades UBS, Puts Morgan Stanley, Bank of America, Goldman, etc. on Negative watch

    10/13/2011 2:17:19 PM PDT · by SeekAndFind · 6 replies
    Zero Hedge ^ | 10/12/2011 | Ty
    Since one can not get a downgrade of a bank during market hours for fears of springing who knows what circuit breakers, Fitch had to wait until just after the market close to release its latest market surprise which consisted of a "watch negative" announcement on the following banks Barclays, BNP Paribas, Credit Suisse, Deutsche Bank, Goldman, Morgan Stanley; others it just slashed some by multiple notches, among which: Landesbank Berlin IDR downgraded to A+ from AA-; Lloyds Banking Group IDR downgraded to A from AA-; RBS IDR downgraded to A from AA-; and most importantly UBS IDR downgraded...
  • This Economic 'Recovery' Is Surely Different: It's FUBAR*

    10/13/2011 7:00:50 AM PDT · by SeekAndFind · 11 replies
    Forbes ^ | 10/12/2011 | Louis Woodhill
    *FUBAR: A slang term originating in WWII, (broadly) meaning “suboptimal”. How many times in the past four years have you read the sentence, “This time, it’s different”? Well, in the case of the U.S. economy, this time it really is different. The most recent recession, which the NBER says started in January 2008 and ended in June 2009, was severe, but it was not that much worse than the downturn of 1981 – 1982. The recession that started in mid-1981 lasted almost as long as the 2008 – 2009 downturn (16 months vs. 18 months), and actually produced higher peak...