Written by Gary
Opening Market Commentary For 04 Mar, 2015
Markets opened down and continued the slide until almost 10 am where the averages started trading in a sideways fashion. Volume has been moderate with the bulls and bears each trying to take a position making the averages sea-saw back and forth.
By 11 am the WTI oil was trending down along with Brent and the U.S. Dollar was in the low 96"s and threatening to push higher as the equities and bulls hang on.
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by Friederike Niepmann and Tim Schmidt-Eisenlohr - Liberty Street Economics, Federal Reserve Bank of New York
World trade fell 20 percent relative to world GDP in 2008 and 2009. Since then, there has been much debate about the role of trade finance in the Great Trade Collapse. Distress in the financial sector can have a strong impact on international trade because exporters require additional working capital and rely on specific financial products, in particular letters of credit, to cope with risks when selling abroad. In this post, which is based on a recent Staff Report, we shed new light on the link between finance and trade, showing that changes in banks" supply of letters of credit have economically significant effects on firms" export behavior. Our research suggests that trade finance helps explain the drop in exports in 2008 - 2009, especially to smaller and poorer markets.
Infographic Of The Day: Your Ideal Sleep Duration
A panel of experts in sleep, anatomy, physiology, pediatrics, neurology, gerontology and gynecology joined forces to create new, age-specific sleep recommendations.
Become a Public Policy Thinker in Three Easy Steps
by Ajay Shah, ajayshahblogStep 1:What"s the market failure?
Each of us tends to get unhappy at some feature of the world or the other. As an example, I don"t like rap music. But value judgements of this nature do not justify the use of State power - either to ban rap music or to encourage classical music. Such coercion by the State is just abuse of power.
Written by Gary
Premarket were down -0.4% and under pressure, WTI oil tried to test 52 and failed and is currently headed down. U.S. Businesses added more than 200K jobs in February as the U.S. Dollar presses higher this morning.
The European markets are mixed with the FTSE 100 down fractionally at -0.1%.
Written by Steven Hansen
The ISM non-manufacturing (aka ISM Services) index continues its growth cycle, and improved marginally from 56.7 to 56.9 (above 50 signals expansion). Important internals weakened but still remained in expansion