EVERY TECHNICAL ANALYST keeps extreme upside and downside targets in the metaphorical bottom drawer of his computer. In extreme circumstances, such as the 2008 retreat, we have to dust off these almost unbelievable targets. Any Shanghai Composite Index move below the value of the long-term trend line 1 with a value of 2,788 last Friday is a signal to look more closely at these extreme downside targets. It’s a way to measure the growth of the bear.
Posts Tagged ‘value’
Federal Government Closes down Liberty Dollar
August 3rd, 2009 |
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By Michael Webster: Syndicated Investigative Reporter In the US District Court in Charlotte North Carolina on July 6, 2009, The Liberty Dollar’s operation was shut down. U.S. Magistrate Judge David S. Cayer on 7/6/09 Ordered all defendants in the case shall not circulate or aid in the circulation of any coins or currency in relation to [...]
Diane Francis: China’s dollar scam must end
July 29th, 2009 |
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The bilateral talks, or G-2, between the U.S. and China have resulted in little substantive progress. This is because there is a continuing, inexplicable, failure…
Temasek to hang on to ‘family jewels’, allow public to invest
July 29th, 2009 |
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Temasek Holdings Pte vowed to hang on to the “family jewels” as a long-term investor and said it may allow the public to invest in Singapore’s state-run fund.
The value of the company’s assets dropped by more than $40 billion in the 12 months ended March, Chief Executive Officer Ho Ching said in a speech in Singapore today. The investment firm will act to enhance value over as long as 30 years and will not sell stakes “for divestment’s sake,” Ho said.
Jim Selman: Give or Take a Trillion
July 28th, 2009 |
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It seems to me that when we enter the realm of staggering numbers that are beyond comprehension such as these, money stops meaning anything.
US-China ties ‘to shape century’
July 27th, 2009 |
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By Chris Hogg
BBC News, Shanghai
The first meeting of the Obama administration’s US-China Strategic and Economic Dialogue is due to get underway in Washington.
President Barack Obama is due to address the two-day meeting, to which China has sent Vice Premier Wang Qishan and State Councillor Dai Bingguo.
China is worried about the value of the US dollar.
China holds huge amounts of American debt – more than $800bn (£486bn) of US Treasury securities alone.
It fears President Obama’s stimulus spending will stoke inflation in the United States, eroding the value of the dollar, making the American debt China holds a lot less.
At these talks the US Treasury Secretary Timothy Geithner’s will be seeking to soothe those fears.
Ties that bind
He has already tried to reassure the Chinese their assets will be protected.
But China is not convinced.
American manufacturers complain they cannot compete fairly with their Chinese competitors.
Some accuse Beijing of deliberately devaluing its currency to make its exports seem cheaper.
China is unlikely to concede any ground on this point. GDP growth might be picking up here but the country’s exporters are still struggling.
China and the US are well aware they need each other.
Their economies are bound together tightly.
That does not mean they always agree when it comes to trade for example – far from it – but it does mean they accept the need to sort out problems in forums like this. </p
This article is from the BBC News website. © British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
After the fall
July 27th, 2009 |
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The collapse in world trade has stopped, but there is no sign of a recovery
WORLD trade has been one of the worst casualties of the global economic slowdown and the source of some particularly startling figures. Towards the end of last year trade all but collapsed. According to the World Bank, the value of exports from a sample of 65 countries accounting for 97% of world trade rose by 20.2% in September, compared with a year earlier. But by November exports were worth 17.3% less than a year earlier, before slumping by a whopping 32.6% in the year to January. In March the managers of South Korea’s Busan port, long one of the world’s busiest, said that it had run out of space to store nearly 32,000 empty containers. The Baltic Dry Index, which measures demand for the ships that transport bulk goods such as iron ore or coal, fell from 11,793 at the end of May last year to a pitiful 663 in early December.
Estimates by the World Trade Organisation suggest that trade volumes will shrink by around a tenth this year. But recent figures from big economies give reasons to hope that the worst of the slump may now be past. Even in May, the value of trade was nearly a third lower than a year earlier. But the recent awful figures mask the fact that exports and imports have held more or less steady since January. …
Ignoring Watchdog Report, Treasury Gives Three Major Banks Sweetheart Deals
July 23rd, 2009 |
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Four major banks have repurchased warrants from the Treasury Department since a congressional watchdog reported that the backroom deals where the prices were negotiated were ripping off the taxpayer.
In three of the subsequent four transacti…
Goldman Sachs Redeems TARP Warrants, Taxpayers Make 23% Return
July 22nd, 2009 |
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NEW YORK, Jul 22, 2009 (BUSINESS WIRE) — The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has redeemed the warrants the U.S. government received in connection with its investment in the firm through the TARP’s Capital Purchase…
Lindsay Lohan Changes Haircolor To “Shock Peopleâ€
July 20th, 2009 |
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Lindsay Lohan likes to experiment with her locks for shock value.
The actress — a natural redhead who has also masqueraded as a blonde and brunette — says she regularly changes her hair color so often to “shock people.”
“It’s something I like to do,” she tells OK! “I like to shock people.”
Insurance fraud soars to £1.9bn
July 16th, 2009 |
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False claims cost the average household £44 a year despite improved detection of fraudsters
The value of insurance fraud has soared to an estimated £1.9bn a year, costing the average household £44 annually in higher premiums, a report showed today.
Insurers think around £5.2m of fraudulent claims go undetected every day, a 24% increase compared with two years ago, according to the Association of British Insurers.
But firms are also detecting more fraud, with suspect claims worth £730m rejected last year, 30% more than in 2007.
The ABI said as insurers got better at detecting fraudulent claims, people were shifting their focus to the other end of the process and were lying or withholding relevant information in an attempt to get cheaper insurance premiums.
Popular scams included withholding information about a speeding conviction, listing the wrong address for a motor insurance policy or listing a parent as the main driver of a vehicle that was used most by a newly qualified driver.
The ABI said it had also seen an increase in the number of fraudulent accidental damage claims made on home insurance policies, with people deliberately damaging furnishings or electrical goods so that their insurer would pay for new ones.
It also reported a 35% increase in claims involving the damage or loss of high value watches, laptops and LCD televisions.
Household insurance policies saw the highest level of detected fraudulent claims by volume, while motor insurance ones had the highest level in terms of value, with staged accidents still common.
In one case, a woman claimed for the theft of a camper van that had been written off beyond repair 10 years earlier, and in another case a man had a claim for a 42in LCD TV rejected because he claimed he had bought it before it became available on the market.
Dropped claims
The ABI also reported a rise in the number of claims which were dropped by consumers once insurers started asking them for more information.
Nick Starling, the ABI’s director of general insurance and health, said: “There is no hiding place for insurance cheats. Honest customers should not have to pay for the fraudsters.
“Closer scrutiny of proposal forms and claims, as well the exchange of information through industry-wide databases, is tightening the net on the cheats.
“Getting a criminal record, as well as difficulty in obtaining and more expensive insurance and credit problems await anyone who sees insurance as a soft touch.”
Research carried out by the ABI found that 16% of people would not rule out making an exaggerated insurance claim, while 44% think it is acceptable to increase the value of an item when claiming.
A further three out of 10 people thought it was acceptable to exaggerate the extend of any damage being claimed for.
People in the north-east and West Midlands were most tolerant of insurance fraud, with a quarter of people in the north-east saying they would not rule out making a fraudulent claim, while people in both regions were more likely to think it was acceptable to inflate the value of a claim.
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Alan Schram: Banks Should Face the Truth
July 13th, 2009 |
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The Treasury Department continues to work out the details of its mammoth stimulus plan combating the financial crisis. Since its onset, the government has become…
Michael Likosky: A Fashion Foreign Policy
July 13th, 2009 |
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On the campaign trail, President Obama made a well-received promise to put more value on American labor when negotiating trade deals. He spoke of revisiting…
Associated Press Hands Local And National News Sites An Opportunity To Get Links And Traffic
June 16th, 2008 |
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The Associated Press is facing a blog firestorm after issuing take down notices to Drudge Retort for linking to and reproducing snippets of AP stories. AP is now attempting to define how their stories can be linked to and excerpted — and the response from the blogosphere appears to be to boycott the AP, i.e. [...]