Bio @ the American Enterprise Institute for Public Policy Research"
2009 Piece on Emerging Markets
2010 Piece on the Global Macro Situation
Friday, November 5, 2010
Thursday, November 4, 2010
S&P GSCI Index
Formerly the Goldman-Sachs commodity index (GSCI), now the S&P GSCI.
Blurb from the Official Site
"The S&P GSCI® is widely recognized as a leading measure of general price movements and inflation in the world economy. It provides investors with a reliable and publicly available benchmark for investment performance in the commodity markets, and is designed to be a “tradable” index. The index is calculated primarily on a world production-weighted basis and is comprised of the principal physical commodities that are the subject of active, liquid futures markets."
Bloomberg, Nov 4 2010 - The S&P GSCI index of 24 commodities climbed to the highest level since October 2008.
Blurb from the Official Site
"The S&P GSCI® is widely recognized as a leading measure of general price movements and inflation in the world economy. It provides investors with a reliable and publicly available benchmark for investment performance in the commodity markets, and is designed to be a “tradable” index. The index is calculated primarily on a world production-weighted basis and is comprised of the principal physical commodities that are the subject of active, liquid futures markets."
Bloomberg, Nov 4 2010 - The S&P GSCI index of 24 commodities climbed to the highest level since October 2008.
The US's 15 Largest Trading Partners
http://www.census.gov/foreign-trade/statistics/highlights/toppartners.html
Monday, November 1, 2010
CGIC - Credit Guarantee Corporation of South Africa
Credit Guarantee Insurance Corporation of Africa Limited (“CGIC")
CGIC insures debt, providing credit default insurance, in the South African territory.
- Company Resitration # 1956/000368/07
- Authorised Financial Services Provider # 17691
OFFICIAL SITE
@ answers.com
CGIC insures debt, providing credit default insurance, in the South African territory.
- Company Resitration # 1956/000368/07
- Authorised Financial Services Provider # 17691
OFFICIAL SITE
@ answers.com
Wednesday, October 27, 2010
Artificially Creating Market Volume
Wash Trading
An illegal stock trading practice where an investor simultaneously buys and sells shares in a company through two different brokers.
This increases the activity in the stock and gives the impression that "big news" is about to come out
Painting the Tape
The illegal practice in which traders buy and sell a specific security among themselves, creating the illusion of high trading volume and significant investor interest, which can attract unsuspecting investors who might then buy the stock and enable the traders to profit.
An illegal stock trading practice where an investor simultaneously buys and sells shares in a company through two different brokers.
This increases the activity in the stock and gives the impression that "big news" is about to come out
Painting the Tape
The illegal practice in which traders buy and sell a specific security among themselves, creating the illusion of high trading volume and significant investor interest, which can attract unsuspecting investors who might then buy the stock and enable the traders to profit.
Wednesday, October 20, 2010
Oct 20 NYSE SPY "Mispricing"
Bloomberg:
NYSE Software Glitch Spurs $7.9 Billion Misprice in S&P 500 ETF
A system upgrade at Arca triggered what appeared to be a 9.6 percent plunge yesterday in an exchange-traded fund that tracks the Standard & Poor’s 500 Index, a drop that would have erased $7.9 billion from one of the most popular securities in the U.S. Data published by the electronic venue at 4:15 p.m. New York time showed the SPDR S&P 500 ETF Trust at $106.46, compared with its opening level of $117.74.
The prices were later voided and the closing price updated to $118.54, up 0.7 percent, exchange officials said.
NYSE Software Glitch Spurs $7.9 Billion Misprice in S&P 500 ETF
A system upgrade at Arca triggered what appeared to be a 9.6 percent plunge yesterday in an exchange-traded fund that tracks the Standard & Poor’s 500 Index, a drop that would have erased $7.9 billion from one of the most popular securities in the U.S. Data published by the electronic venue at 4:15 p.m. New York time showed the SPDR S&P 500 ETF Trust at $106.46, compared with its opening level of $117.74.
The prices were later voided and the closing price updated to $118.54, up 0.7 percent, exchange officials said.
Friday, October 15, 2010
usd-jpy - Japan and the Trillion Dollar Question
Japan intervenes in currency market to weaken yen for first time since 2004
Shino Yuasa, On Tuesday September 14, 2010, 11:18 pm EDT
Dollar fades after durable-goods, home-sales data. Greenback at lowest versus Swiss franc since March 2008
Sept. 24, 2010, 3:33 p.m. EDT
Yen falls against dollar, euro after Japan intervention
AFP - 15 September 2010
Japan moves to combat rising yen
15 September 2010
Japan intervenes in currency markets to weaken yen
The Irish Times - Thursday, September 16, 2010
Yen sinks on Japan intervention; global stocks drift
By Walter Brandimarte - NEW YORK | Wed Sep 15, 2010 6:11pm EDT
Japan suspected of yen intervention, doubts arise
By Masayuki Kitano and Yoshiko Mori - TOKYO | Fri Sep 24, 2010 9:02am E
Shino Yuasa, On Tuesday September 14, 2010, 11:18 pm EDT
Dollar fades after durable-goods, home-sales data. Greenback at lowest versus Swiss franc since March 2008
Sept. 24, 2010, 3:33 p.m. EDT
Yen falls against dollar, euro after Japan intervention
AFP - 15 September 2010
Japan moves to combat rising yen
15 September 2010
Japan intervenes in currency markets to weaken yen
The Irish Times - Thursday, September 16, 2010
Yen sinks on Japan intervention; global stocks drift
By Walter Brandimarte - NEW YORK | Wed Sep 15, 2010 6:11pm EDT
Japan suspected of yen intervention, doubts arise
By Masayuki Kitano and Yoshiko Mori - TOKYO | Fri Sep 24, 2010 9:02am E
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