Economic readjustment continues to dominate any upside momentum the economy may have, and this is especially true for housing. Existing home sales dropped 27.2 percent in July, which was well below expectations. The monthly decline was the largest on record. Payback from the tax credit is largely responsible for the
Posted in rellini.com di .
ago 10
27
The Weekly Bottom Line
When the history books are written on the financial crisis and Great Recession you can be sure there will be entire volumes dedicated to the response of policymakers. The law of unintended consequences is not an official theorem in economics, but perhaps it should be. This paradigm was certainly on
Posted in rellini.com di .
At the annual symposium at Jackson Hole, the Fed Chairman Ben Bernanke reiterated his view that the US economic should continue to expand in the second half of the year, albeit at a relatively modest pace. The Fed pledged to 'do all that it' can to ensure the recovery. It
Posted in rellini.com di .
The pair is slightly biased to the upside following its move back above the 1.5470 level on Thursday. While it holds above that level, threats of a retarget of the 1.5701 level, its Aug 16'10 high remains with a breach of there targeting the 1.5996 level, its Aug 08'10 high
Posted in rellini.com di .
ago 10
27
The Week in Review
Framed by an United States housing market in far worse shape than previously expected, an American GDP revision not quite a poor as predicted, a German economy exhibiting almost 9.0% annual growth in the second quarter and widening sovereign spreads in Europe, currency markets choose the better part of valor
Posted in rellini.com di .
-
The Rates are Powered by Forexpros - The Forex Trading Portal