Posts Tagged ‘economic-growth’

Australia’s mining machinery imports fell 62% in November and December, the biggest fall since the global financial crisis, according to one of the country’s largest freight forwarders of heavy equipment. In November and December imports of heavy machinery dropped more than 62% according to Skelton Sherborne which have been collecting this data since before 2008 crisis, suggesting that Australia’s mining boom may be falling ... Full story

Gold futures added to record levels set earlier on Tuesday as Europe finance ministers consider allowing Greece to default on some of its debt, Italy's borrowing costs soar and US Federal Reserve minutes indicate the possibility of additional financial stimulus. Gold is considered a hedge against inflation and further quantitative easing could flood financial markets with cheap money as it did in the previous round ... Full story

Gold ingots stand in a row * Gold benefits from safe-haven demand, US equities drop * Chicago Fed survey shows US economic growth to slow * US spec futures holdings post biggest rise in 13 months * Coming up: Bernanke to speak on US economic outlook Tues Full story

If you want to see market reporting done right, I can recommend the 2,000-word on Thursdays commodities crash. It doesnt just pick a random news event or gesture vaguely at worries about economic growth while saying what prices did; it looks at the Full story

Worries over global economic growth have seen a big sell-off in commodities this week with silver particularly hard hit. Full story

April 9 (Bloomberg) -- Canadas dollar strengthened to the highest level against its U.S. counterpart since November 2007 as commodities including crude oil, the nations biggest export, surged amid optimism global economic growth is accelerating. The Full story

BCMC submits: We are living through interesting times. Full story

German economic growth expanded at a slower pace by 0.4 percent in the fourth-quarter (Q4) of 2010, from 0.7 percent in the previous quarter. French prelim GDP grew by 0.3 percent, much less than forecast of 0.6 percent in Q4 Full story

NEW YORK?Gold futures neared four-month lows as data showed U.S. economic growth picked up speed in the last three months of 2010 Full story

At present, the governors of the Fed are creating massive distortions in the financial markets with little hope of improving real economic growth or employment. Quantitative easing promises to have little effect except to provoke commodity  hoarding, a decline in bond yields to levels that reflect nothing but risk premiums for maturity risk, and an Full story