Market Commentary: Markets Open Down, Oils Moving Down, U.S. Dollar moving Up, What Can Go Wrong?


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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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What We Read Today 03 March 2015

Econintersect: Every day our editors collect the most interesting things they find from around the internet and present a summary "reading list" which will include very brief summaries (and sometimes longer ones) of why each item has gotten our attention. Suggestions from readers for "reading list" items are gratefully reviewed, although sometimes space limits the number included.

This feature is published every day late afternoon New York time. For early morning review of headlines see "The Early Bird" published every day in the early am at GEI News (membership not required for access to "The Early Bird".).


Every day most of this column ("What We Read Today") is available only to GEI members.

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 more features, analysis, studies, and news published in the last week

No Guarantees, No Trade!

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.

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Video of the Day:

Watch out GoPro, China's Xiaomi Yi Action Camera is coming after you. After shaking up the global smartphone industry with its low cost handsets, Xiaomi is moving to its next target-the action camera. The Yi will sell for about $64 US dollars which is half the price of the $130 GoPro Hero. Tech Analysts say it will be a formidable competitor. Both cameras have similar features, But the Yi weighs less, offers more storage and boasts more powerful video capabilities.

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04Mar2015 Pre-Market Open Commentary:

 more opinion

From Market Failure to Market Success

Become a Public Policy Thinker in Three Easy Steps

by Ajay Shah, ajayshahblog

Step 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.


 USA economy at a glance (boxed items are updates in last 7 days)

February 2015 ISM Services Index Declines Marginally But Remains in Expansion

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

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