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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (102940)	9/27/2013 5:05:06 AM
From: Haim R. Branisteanu	Respond to of 219459

he sees EUR at 1.5 to the USD? Some good news for the EU EMU Sep Econ Sentiment Up For Fifth Straight Month 27-Sep-2013 September Economic Sentiment Indicator: 96.9 Forecast Median: 96 Survey Range: 95 - 97.1 Previous Results: August: 95.3 (revised from 95.2) July: 92.5; June 91.3; May 89.5 By Chris Cermak FRANKFURT (MNI) - Eurozone economic sentiment rose for the fifth straight month in September amid an improvement in the outlook for all business sectors and nearly all of the bloc's member countries, the European Commission said Friday. The Commission's Economic Sentiment Indicator climbed to 96.9 in September from 95.2 in August, beating the median analysts' estimate of 96, according to the MNI survey. The indicator is now at its highest level since August 2011. Economic sentiment rose in all Eurozone countries except the Netherlands and Austria. The largest Eurozone economies led the improvement, up 2.5 points in Italy and Spain, up 1.6 points in France and 0.3 points in Germany, the Commission said. For the Eurozone as a whole, the construction and retail trade sectors saw the biggest improvements in September, rising 4.4 and 3.6 points respectively. Industry confidence also climbed 1.1 points, led by production expectations and to a lesser degree by improvements in order books and finished stocks, the Commission said. Services confidence also rose 1.9 points on better demand expectations. The Commission's sentiment indicator is the latest signal that the Eurozone economy is continuing to stabilized since returning to growth in the second quarter. Business activity likely expanded for the third straight month in September, with the Markit composite purchasing managers index edging up to 52.1 despite a decline in the pace of manufacturing growth. Still, the European Central Bank has repeatedly caution against raising expectations too high, with President Mario Draghi warning the recovery remains in its "infancy" and will be gradual going forward. The Commission's sentiment indicator has now gained in 10 of the last 11 months, but remains below its long-term average of 100, which it last touched in 2010. The European Union's economic sentiment indicator by contrast climbed to 100.6 in September, placing it above the long-term average for the first time since July 2011. The separate Eurozone Business Climate Indicator was virtually unchanged at -0.20 in September compared to -0.22 in August. Improvements in production expectations, and order books - especially export orders - were offset by declines in past production, the Commission said. The Commission's consumer sentiment component was confirmed at -14.9 in September, up from -15.6 in August and at its highest level since July 2011, though still below the long-run average of -13.3. Household worries eased over the future general economic situation, unemployment expectations and their future financial situation, the Commission said.

To: TobagoJack who wrote (102940)	9/27/2013 5:10:41 AM
From: Haim R. Branisteanu	Respond to of 219459

"We went by boat from Vienna to Bratislava and had a really interesting conversation." A quite nice trip, on the Danube, I done it all the way to Budapest.

To: TobagoJack who wrote (102940)	9/27/2013 5:18:01 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 219459

So in Venezuela instead of keeping Bolivars people keep stocks, what will happen when the stocks will be needed to buy day to day staples ?

To: TobagoJack who wrote (102940)	9/27/2013 8:24:40 AM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 219459

Fed's Evans Suggests Tapering Could Start Later Than October 27-Sep-2013 By Kjetil Malkenes Hovland OSLO--Federal Reserve Bank of Chicago President Charles Evans said Friday that the U.S. central bank could start reducing its $85 billion-a-month bond-buying program at its October policy meeting, but it could happen later than that. "We could make a decision in October," Mr. Evans told reporters on the sidelines of a monetary policy conference in Oslo, adding, "We need to see further developments of the positive variety for the economy to have that added confidence. It wouldn't surprise me if we go a little bit longer." The U.S. Federal Reserve's bond-buying program, also known as quantitative easing, or QE, is meant to stimulate economic growth and hiring by keeping interest rates low to encourage households and businesses to spend and invest. Since the 2008 financial crisis, the Federal Reserve has expanded its balance sheet to $3.6 trillion, and kept its key rate near zero in an attempt to stimulate the U.S. economy. Mr. Evans is a voting member on the Federal Open Market Committee and is regarded as one of the more dovish members on interest rates and inflation. His views are important because he is among those who have supported unconventional policies like bond buying. "I think that from here on out, at each and every meeting we're going to have to make a judgment. We're not on a pre-set course," Mr. Evans said, adding the Fed's tapering "could be in October, it could be in December, but it also could be at the January meeting." Mr. Evans didn't want to speculate on whether tapering could be delayed even further out than that, and said he was expecting the U.S. economy to improve. He said an upcoming decision to taper would depend on an improving labor market and stronger output growth. In its September meeting, the FOMC decided not to reduce the Fed's bond-purchasing program. "It was a close call to some extent," he said. "On the other hand, I think the ultimate decision was very much in keeping with our overall intention in the program that it's open-ended, that we would be conditioning on the data, and a little more data to assess the sustainability of output growth I think is very helpful." There is disagreement between Federal Reserve officials over when the Fed should start reducing its bond-buying program. Some have called for a rapid reduction of stimulus, warning of potential asset bubbles and higher inflation, while others have called for even more stimulus to get the U.S. economy in shape. Mr. Evans has headed the Chicago Fed since 2007, and votes on the FOMC every other year, along with the president of the Federal Reserve Bank of Cleveland.