Bank of Canada sees low rates, but not copying Fed | Business | Reuters

Bank of Canada sees low rates, but not copying Fed
| Business
| Reuters: "The Bank of Canada believes interest rates should stay at near-zero levels for another few months even though the economy is showing signs of quicker than expected recovery, the central bank chief said on Thursday.

At the same time, Bank of Canada Governor Mark Carney said there was no need for Canada to align its interest rate moves with those of the United States, as speculation grows that Ottawa could start removing emergency stimulus measures before Washington does."

Argentine trade surplus widens 25 pct in January

Argentine trade surplus widens 25 pct in January
| Reuters: "Argentina's trade surplus widened 25 percent in January from the same month a year ago as both exports and imports rose, signaling an economic recovery is underway in Latin America's No. 3 economy."

The country's manufacturing exports have been boosted, however, by soaring car exports to neighboring Brazil, where government tax breaks have increased demand.

Sterling sinks as King talks of releasing more money

Sterling sinks as King talks of releasing more money - Times Online: "Mervyn King, the Governor of the Bank of England, warned again that it may be necessary to extend the Bank’s asset purchase programe"

Mr King told the Treasury Select Committee that the Bank was “ready to do whatever seems appropriate”.

Heineken and Carlsberg see contrasting fortunes

BBC News - Heineken and Carlsberg see contrasting fortunes: "Dutch brewing giant Heineken has forecast lower beer consumption in many regions this year as it reported a drop in sales volumes in 2009."

Instead,Carlsberg reported a 38% rise in profit to 3.6bn Danish Kroner ($660m; £425m) in 2009, driven by strong performances in Eastern Europe and Asia.

The group's beer volumes increased 6%, although currency fluctuations meant revenues fell 1%.

Commodities fall on economic concerns

Prices showed a concern that Two big economy showed shrinking sign.

Commodities fall on economic concerns - washingtonpost.com: "Prices for metals and energy futures fell Tuesday after worries about the global economy had investors seeking the safety of the dollar."

German business confidence dropped for the first time in 10 months in February raised concerns about Europe's largest economyc

US commercial real-estate sales rose sharply

I will see while this movement shows that the market hit bottom.

"The number of commercial real-estate sales rose sharply in December, triggering fresh debate about whether the sector has reached bottom. Property sales, a gauge of market health, rose 75% in December from the prior month, according to Real Capital Analytics. The end of the year traditionally sees an increase in volume. But the recent increase is significant even after adjusting for that"
- Commercial-Property Sales Jump - WSJ.com 

ＵＳ stock down

This is a kind of price adjustment circle.

"Feb 23 (Reuters) - U.S. stocks suffered their biggest one-day decline in nearly three weeks on Tuesday after a sharp drop in consumer confidence heightened worries over one of the most vulnerable areas of the economy."
- US STOCKS-Wall Street drops along with consumer confidence | Reuters 

1月貿易収支

外部環境の好転が続き、輸出は前年比４０．９％伸びるなどし、増加傾向が継続。

"輸出は前年比４０．９％増加"
- 1月貿易収支は852億円の黒字、12カ月連続の黒字 | Reuters 

consumer comfort index shrink

Data showed almost lowest number.

"Consumer Comfort Index hit the dreaded -50 mark for the first time in nearly four months this week, a mere four points from its record low in 24 years of weekly polls"
- ABC News Poll: Consumer Confidence Hits the Dreaded -50 Mark - ABC News (view on Google Sidewiki)

 

Soros warns about future of the Euro and Euro-zone

Ｉ　ａｇｒｅｅ　his view.


It seems to me that EU official were done nothing yet.


If investor turn eyes on German risk,she has a lot of Greece debts.

"”A makeshift assistance should be enough for Greece, but that leaves Spain, Italy, Portugal and Ireland. Together they constitute too large of a portion of Euro-land to be helped in this way,” Soros said"
- Financier Soros warns about future of the Euro and Euro-zone — MercoPress 

IFO report

German sentiment is still struggling.

"business sentiment index slipped to 95.2 from 95.8 in January"
- Germany's Ifo business climate gauge falls in Feb. Economic Report - MarketWatch 

Bolivia, Argentina near natgas exports agreement

agreement including build cross-border natural-gas pipeline.


UPDATE 1-Bolivia, Argentina near natgas exports agreement | Reuters

景況判断

外需などの外部要因が不透明。
在庫拡大に一服感。
in reference to:

"景気は「持ち直してきている」との基調判断"
- NIKKEI NET（日経ネット）：写真ニュース－最新のニュース写真を掲載 

Asian Stocks Drop on Valuation Concerns

The average price of the gauge’s companies to 1.55 times book value, the highest level since Feb. 3.

"the average price of the gauge’s companies to 1.55 times book value, the highest level since Feb. 3."
- Asian Stocks Drop on Valuation Concerns; Copper, Oil Decline - Bloomberg.com

第一生命が４月に上場、みずほ筆頭株主に－1.5兆円のＩＰＯ

上場することは、いいことだ。


投資家にとっても機会利益に貢献しよう。


第一生命が４月に上場、みずほ筆頭株主に－1.5兆円のＩＰＯ(Update1) - Blo

MBA released

住宅差し押さえは、底打ちに傾向へ。
in reference to: 第4四半期の米住宅ローン差し押さえ・延滞が過去最悪に | Reuters 

china

because tighting monetary policies.
in reference to: China’s Stock Market Struggles - NYTimes.com 

日米財政赤字

日本の税収は３６・９兆円（戦後最悪の数字）に対し、来年度の概算要求は95兆円で借金の国債は50兆円以上発行される可能性。

翻って、米国も最悪。3.7トリオン米ドルの財政赤字拡大路線。


両政府とも、不況の中厳しい財政政策が要求されている。


sourece-読売、

リチウムイオン電池の世界シェアー

三洋がパナソニックの傘下に入ることにより、電池開発に励みが付くことになる。

source-東京新聞 

CIT Presses U.S. Regulators for Aid -bloomberg

`Treasury officials have indicated in talks that they are reluctant to deploy funds from the $700 billion bank-rescue program.`

source-bloomberg

goldman sachs and CIT group

While the investors await goldman sachs earnings,CIT is facing a quite difficult situation.

CIT Scrambles; Investors Await 2Q Earnings-wsj

CIT Rises on ‘Active’ Talks for U.S. Aid Before Debt Maturity-bloomberg

R.I.P., CIT?-The new york times

米財政赤字、1兆ドル超える

景気減速で歳入減、自動車会社や金融機関への公的資金投入で、米赤字が１兆８６２億ドルに上り、さらに１兆８０００億ドルを超える見通し。

source-中日新聞

Ｉs US economy growth without employment?

"Now the fact is that unemployment is so serious and duration it takes for Americans to find a job has only lengthened.

These statistics clearly show the severity of the current situation. Here you can easily see why this is not a garden variety post-WWII recession, but something very different.

The current plunge is structural, not cyclical. Most of the jobs lost will never come back. The real estate bubble severely distorted the economic structure. Now the world economy has a lot of rebalancing to do. And this process will last much, much longer than the “green shoots” crowd deems possible.

My suggestion for you today is to watch the stock market for hints of the beginning of the next stage of this crisis. Watch unemployment and world trade as reliable indicators of the severity of the slump. And then watch California to get a feel for the next important act of this economic and financial drama: The government funding crisis and all its related repercussions. "

source-commdity online

I have many questions against this idea.

1. It`s ok if US economy and the stock prices are going up led by competitive world leading companies along with the world economies showing bright sign, but as long as deepen unemployment concerns occur serious social problems.
2. Deleverging in household sectors means less consumptions,not easy situations for job seeker less consumption.
3. The low Credit small-mid sized companis will face more difficutlies to find credit line,because it has been seen Japan for the bankers they invest to the bonds market rather than lend money to companies. Its easy way.
4. The cash is king!!!!

中国、資産バブルか？

今年度上半期ですでに中国国内での融資増加額は７兆元（約100兆円）を超え、すでに2008年の通年実績の1.4倍に達した。ほとんどは株式や不動産に流れ込んで資産バブルの懸念。先進国経済\の落ち込みが激しい中で輸出が伸び悩み景気に先行き不安が残る。

中国政府は金融危機対応の緊急措置を終わらせる「出口戦略」に苦慮している模様。

China Needs to Keep Reining in Loans, Researcher Says

　

World Dollar

World Dollar is increasing again as FRB easing monetary policy functions much.

In last few weeks, we saw US bonds auction has been in good mood, many bidders for bonds from the overseas.

Actually bidder/offer ratio was historycally high, I guess these are because the US dollar flowed outside US is coming back to US .

Why? The US bonds market is NO.1 cash market in the world.

(World dollar:indies which shows how much US dollar spreads over the world ,the money in total amount of US monetary base

and foreign countries` reserve including US Treasury bonds and US agency bonds.)