Archive for January, 2009
The Federal Reserve posts no surprises on interest rates
With a target Fed Funds Rate ( the rate at which The US major Banks are able to borrow overnight Dollars) already at a 0 – 0.25% level, further cuts are nigh on impossible. Attention therefore was firmly fixed on any mention of more innovative easing initiatives and also the mood of the accompanying statement. [...]
January 29, 2009
Tags: Barack Obama, falling interest rates, FED, Interest Rates, US loans rates, US mortgage rates Posted in: Uncategorized 
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Taxpayers bailout failures
All eyes will be on the FOMC meeting today at 7.15pm this evening GMT. With the rate already at 0-0.25% the focus will not be on whether they will or won’t cut (no change is expected) but the wording of any statement releases. It is likely that the focus will shift to the quantitive easing [...]
January 28, 2009
Tags: falling interest rates, FOMC, Interest Rates, UK loans rates, uk recession Posted in: Uncategorized No Comments
Suddenly global stock markets have gone all bullish
With strong performances from Europe, Wall Street and Japan – all for differing reasons. The bounce in Financial stocks in London (led by Barclays – when was the last time we saw a Bank share leap nearly 75% in value on a single day?) saw Europe take the lead and give Wall Street a boost [...]
January 27, 2009
Tags: Bank of England, Credit Crunch, Interest Rates, uk recession Posted in: Uncategorized No Comments
Chinese New Year Holiday
Plus today’s Australia Day Bank Holiday heralds a very thin Far Eastern market for the next 5 days. Besides China being off all week, there are holidays in Hongkong (next 3 days) plus Singapore, South Korea and Malaysia (2 days). Add this to the usual thinning of markets towards month end and we are left [...]
January 26, 2009
Tags: falling interest rates, home loans, Interest Rates, Loan calculator, UK loans rates, uk recession Posted in: Uncategorized No Comments
The week so far has been a data desert
Today looks no different with just December Retail Sales and the 4th Qtr GDP figures, both from the UK. In the capital markets, the Gilt auction from the DMO went OK (a slightly lower bid ratio than the last time but the same bid tail). Prices continued to fall though with yields rising and these [...]
January 23, 2009
Tags: consolidate debt loans, Credit Crunch, euro, Loan calculator, UK loans rates, uk recession Posted in: Uncategorized No Comments
The UK provided most interest yesterday
With The Minutes from January’s MPC meeting, unemployment numbers and the PSNCR data ensuring that Sterling remained in focus for most of the day. Indeed it wasn’t until 3.00pm, when the witching hour for option expiry arrived, that we saw the market shift its attention away from the Pound. Data from the UK was again [...]
January 22, 2009
Tags: consolidate debt loans, Credit Crunch, UK loans rates, uk recession Posted in: Uncategorized No Comments
The UK is really getting some bad press
And not only the Teenage Scribblers (remember them) but also from experts who have been around a long time and are deemed to know what they are talking about – for most of the time at least. Today we have Jim Rogers, who was co-founder with George Soros of their Quantum Hedge Fund, advising investors [...]
January 21, 2009
Tags: Bank of England, sub prime loans, UK loans rates, uk recession Posted in: Uncategorized No Comments
Well the Good News is that there is no news.
Because of the Martin Luther King Day holiday yesterday, there was no US data out and Wall street was not open. Other than that we are struggling for positives. The UK Government’s bail-out plan for Banks – Part II, despite initially being greeted with optimism, soon adopted the role of the mill-stone, dragging equities and [...]
January 20, 2009
Tags: consolidate debt loans, Credit Crunch, Gold, UK loans rates, uk recession Posted in: Uncategorized No Comments
Loans Calculator starts with the positive
Tomorrow sees the inauguration of Barack Obama as US president which the entire planet hopes will be the first step towards global recovery. The signs initially look good with a determination to do the right thing and do it early. A feel good factor might easily spread very quickly through the country and filter to [...]
January 19, 2009
Tags: consolidate debt loans, Loan calculator, sub prime loans Posted in: Uncategorized No Comments
ECB cut 0.5% as expected
The ECB did cut rates but only by the very minimum required and the President, M. Trichet then compounded the disappointment by implying that March would be the next important meeting and as such, no further rate adjustments would take place before then. The Euro slipped against all other currencies during the trading day. Concerns [...]
January 16, 2009
Tags: consolidate debt loans, falling interest rates, Interest Rates, recession, refinancing rates Posted in: Uncategorized No Comments
