Archive | May, 2010
Properly planned changes to the tax system? That’ll be the day.
I was pleased to read in the Evening Standard that David Cameron has promised that: “We are going to do a novel thing in this Government. We are going to plan properly, proper meetings, proper processes, proper Budgets.†I’m recording this here for posterity. In context it’s a reaction to the furore about prospective changes [...]
Continue reading...Brazil is Booming, but Real is In Trouble
31 May 2010 – 10:35 pm PST
Comments Off
Generally speaking, investors are bullish about Brazil. The emerging market superstar emerged from the credit crisis essentially unscathed, and some believe that “Brazil will be the world’s fifth-biggest power by the next decade.†This year, the IMF is forecasting GDP growth of 5.5%, while the Central Bank of Brazil is projecting 6%. But this post [...]
Continue reading...Michael Travaglini Hedge Fund
31 May 2010 – 9:54 pm PST
Comments Off
Michael Travaglini Hedge Fund Michael Travaglini Leaving Mass. State Fund for Hedge Fund There has been a lot of focus on the relationships between state pension and endowment funds and investment funds. As a result of New York Attorney General Andrew Cuomo’s investigation into the connection between state pension funds and hedge funds and private [...]
Continue reading...Hedge Funds May Returns
31 May 2010 – 9:28 pm PST
Comments Off
Hedge Funds May Returns Hedge Funds Post Biggest Loss in May Since November 2008 Hedge funds have been posting solid gains since 2009 but the average hedge fund suffered a setback in May. In May hedge funds lost an average of 2.7%, likely a result of Europe’s sovereign debt crisis which sent stocks, bonds and [...]
Continue reading...Will Canada Lead G7 Rate Hikes?
31 May 2010 – 8:25 pm PST
Comments Off
Reuters reports, World trade growth slows in 1st qtr: Global trade volumes in the first three months of this year were 5.3 percent higher than in the previous quarter, representing slightly slower growth than in recent months but still a healthy rebound from the crisis, data from the Dutch CPB institute showed on Monday. The [...]
Continue reading...Euro Bailout Plan is all about Rescuing Banks and Rich Greeks
31 May 2010 – 8:24 pm PST
Comments Off
Here is an interesting article you may have missed from earlier this month. Former Bundesbank Head Karl Otto Pöhl says Bailout Plan Is All About ‘Rescuing Banks and Rich Greeks’ SPIEGEL: Mr Pöhl, are you still investing in the euro — or has the European common currency become too unstable of late? Pöhl: I still [...]
Continue reading...Crude Oil Rises on Outlook U.S. Economic Recovery Will Boost Fuel Demand
31 May 2010 – 7:20 pm PST
Comments Off
Crude oil rose above $75 a barrel in New York on speculation that economic growth in the U.S., the world’s biggest energy consumer, will sustain a global recovery in fuel demand. Oil climbed after Federal Reserve Bank of Chicago President Charles Evans said yesterday the U.S. economic recovery will continue amid uncertainties prompted by Europe’s [...]
Continue reading...Welcome Back From Long Weekend!
31 May 2010 – 7:05 pm PST
Comments Off
Welcome back from the Memorial Day Long Weekend! Hope you guys enjoyed your holiday! The Dow bounced off last week’s dragon tail formation and is now once again up against its 200 days moving average line, closing down 122 points against it last Friday. Markets around the world lapsed into uncertainty as the situation in [...]
Continue reading...A Downpour on Memorial Day in Illinois
31 May 2010 – 3:06 pm PST
Comments Off
The President was able to lay a wreath at Abraham Lincoln National Cemetery in Elwood, Illinois before it started raining. But he was forced to take the stage only to announce to the crowd that his Memorial Day address had to be cancelled. The crowd was spared standing around in the rain, and the President [...]
Continue reading...Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) Names New Chief Executive Officer to Lead the Next Phase of Corporate Growth
31 May 2010 – 3:05 pm PST
Comments Off
Rodinia Minerals Inc. (TSX-V: RM) (OTCQX: RDNAF) Names New Chief Executive Officer to Lead the Next Phase of Corporate Growth TORONTO, ONTARIO – May 31, 2010 (Investorideas.com Mining stocks Newswire) – Rodinia Minerals Inc. (“Rodinia” or the “Company”) (TSX VENTURE:RM; OTCQX:RDNAF), today announced that Mr. David Stein is resigning as the Company’s President and Chief [...]
Continue reading...
31 May 2010 – 11:20 pm PST
Comments Off