Consumer spending
“Nominal conusmer spending increased 0,7% but large part of the increase in spending was due to higher prices rather than volume. ”
Usa konsumenten vill inte (frivilligt) sätta sprätt på pengarna. Slutsats, BNP måste revideras ner, även om Ben tryckt massor av fräscha pengar, vem är först ut.
Portugals ränta
Portugals 10 åring skenar vidare idag. Räntan är uppe i 8.17%. Portugal riskerar dessutom en till nedgradering innan veckans slut. Portugals bail out är här asap.
(Reuters)
Vår i MENA
Nedan bra interaktiv “väg” över händelserna i MENA regionen. Observera den ökade aktiviteten…..
http://www.guardian.co.uk/world/interactive/2011/mar/22/middle-east-protest-interactive-timeline
Självreglering i nuke branshen, Fed etc?
Självreglering riskerar skapa degenererade organisationer, där den “objektiva regleringen” växer ihop och styrs av DET som skall regleras, eftersom DET betalar notan/bonusen. Det sista är inte sagt vad gäller Fukushima. TEPCO aktien rasade 17% under natten. Vi har som bekant tidigare skrivit att TEPCO lär tas över av staten. Med tanke på fuskbygget, stämningar etc, kommer bolaget inte kunna överleva utan att staten tar över bolaget. Intressekonflikter uppstår där regleraren ägs av DET som skall regleras, men tyvärr är det så i världen. Hoppas bara FED har makten och viljan att stå emot sina ägare, bankerna…..
“TOKYO—Japan’s nuclear regulator has amassed power while growing closer to the industry it regulates, according to former regulators and industry critics who blame the trend for lapses that may have contributed to the Fukushima Daiichi accident.
Bucking the global standard, Japan’s Ministry of Economy, Trade and Industry has two distinct and often competing roles: regulating the nuclear power industry, and promoting Japanese nuclear technology at home and abroad.”
http://online.wsj.com/article/SB10001424052748703696704576222340033889606.html
Guld och silver
Guld och silver fortsätter ner idag. Silver gjorde en stor key day reversal häromdagen. Bevaka om metallerna får stöd lite längre ner, annars kan “long speculators” som för övrigt är på väldigt höga nivåer, ca 80% av speculators kontrakten är långa, få det tufft. CMEs höjning av margins fick inverkan till slut. Usd stärks idag igen. Det har vi inte sett på länge. Ska börsen vända ner här?
Japan och den långa vägen tillbaka…
“I think maybe the situation is much more serious than we were led to believe,” said one expert, Najmedin Meshkati, of the University of Southern California, adding it may take weeks to stabilize the situation and the United Nations should step in.
“This is far beyond what one nation can handle – it needs to be bumped up to the U.N. Security Council. In my humble opinion, this is more important than the Libya no fly zone.”
Under-pressure plant operator Tokyo Electric Power Co. has conceded it faces a protracted and uncertain operation to contain overheating fuel rods and avert a meltdown.
“Regrettably, we don’t have a concrete schedule at the moment to enable us to say in how many months or years (the crisis will be over),” TEPCO vice-president Sakae Muto said in the latest of round-the-clock briefings the company holds.
http://www.reuters.com/article/2011/03/27/us-japan-quake-idUSTRE72A0SS20110327
Israels nya hot
“Several of the rockets fired from Gaza into Israel since March 22 significantly exceeded the range of the BM-21 Grad, a type of weapon first fired by militants from within Gaza in 2007. Grads and the Qassam, the staple of Gaza militancy, continue to be in play, along with shorter-range mortar fire. However, during Operation Cast Lead, Iranian-made Fajr-3 or artillery rockets of similar size began to crash down much farther into Israeli territory than previous rockets from Gaza. The Fajr-3 has a range of 45 kilometers (28 miles), double that of a Grad and more than quadruple that of the best Qassams. This range allows rockets fired from Gaza to impact much deeper into the heart of Israel and into more densely packed population centers outside Jerusalem and Tel Aviv. However, there is still a considerable buffer between the cities themselves and demonstrated capability out of Gaza, and even the farthest of the March 22-24 rocket strikes — largely in the direction of Tel Aviv — have still fallen short of the city itself. It will be important to distinguish between sporadic Qassam attacks and consistently targeted ones — especially ones using Grad and Fajr-3 rockets to threaten more densely populated and sensitive areas of Israel. Sustained attacks with these longer-range rockets, which by their nature are harder to smuggle into and use in Gaza than the Qassams, may indicate a deliberate effort to instigate a conflict in which Israel responds with a characteristically heavy hand, not only bringing international condemnation upon itself but also becoming a rallying point for regional unrest — especially in Egypt.”(Stratfor)
Bernankes nya information
“One problem for a more open Fed is that it cannot be entirely frank about what just happened. The truth is, it bent the rules. Another is that it runs the risk of being drawn further into US politics, a hazardous place for it to be.
If Congress fails to raise the debt ceiling before the end of April, Mr Bernanke will doubtless emphasise at that first news conference the risks to the economy of leaving the issue unresolved or, worse, of allowing the ceiling to be reached. He has said as much already, but now it will be with a higher profile. Of course, he will be right. But he will be directly contradicting the Republican congressmen who argue that the ceiling should not be raised, and that allowing it to be hit would be a salutary experience.” (FT.com)
Hela artikeln, http://www.ft.com/cms/s/0/8a1429d8-58a2-11e0-9b8a-00144feab49a.html#axzz1HqBNgYYo
Dead cat bounce
Egyptens Hermes index stiger med 5.1% under helgen. Låt oss se om det handlar om en dead cat bounce, eller har vi sett botten?
Yakuza (japansk mafia)
“Well, happy days are here again. The billions Japan plans to spend rebuilding is just the beginning. Disaster-damage estimates always start on the conservative side. And given how Japan’s Goodfellas are being squeezed from all angles, expect an all-guns-blazing effort to boost their 3 percent take.”
http://www.bloomberg.com/news/2011-03-25/yakuza-salivating-over-new-construction-boom-commentary-by-william-pesek.html
Latest comments