segunda-feira, 30 de novembro de 2009

Euro channel


Sent from São Paulo, Brasil
Jonathan Swift  - "May you live every day of your life."

Crude dentro do seu canal de alta



           Crude dentro do seu canal de alta




__________________________________
Sent from São Paulo, Brasil
Marie von Ebner-Eschenbach  - "Even a stopped clock is right twice a day."

quinta-feira, 26 de novembro de 2009

(BN) One Bad Twitter ‘Tweet’ Can Cost 30 Customers, Survey Shows

One Bad Twitter 'Tweet' Can Cost 30 Customers, Survey Shows
2009-11-26 00:00:01.2 GMT


By Sarah Shannon
    Nov. 26 (Bloomberg) -- A negative review or comment on the
Twitter, Facebook or Youtube Web sites can lose companies as
many as 30 customers, according to a survey by Convergys Corp.
    A customer review on one of the sites reaches an average
audience of 45 people, two-thirds of whom would avoid or
completely stop doing business with a company they heard bad
things about, Convergys said, citing its own survey.
    Web and video posts are feeding a new form of "silent
attrition, where customers switch companies without complaining
directly," Frank Sherlock, senior vice president at Cincinnati-
based Convergys, said at a conference in London yesterday.
    The provider of customer call-center services commissioned
a survey of 2,000 British consumers, one in three of whom said
they put their bad customer experiences on the Internet.
    The influence of a post on Youtube, the world's most
popular video-sharing site which is owned by Google Inc., can
have a "definitive measurable impact," Sherlock said.

For Related News and Information:
Top retail news: RTOP <GO>
More on social networking: NSE SOCIAL NETWORKING <GO>

--Editors: Paul Jarvis, Keith Campbell.

To contact the reporter on this story:
Sarah Shannon in London at +44-20-7073-3262 or
sshannon4@bloomberg.net.

To contact the editor responsible for this story:
Keith Campbell at +44-20-7073-3829 or k.campbell@bloomberg.net.

segunda-feira, 23 de novembro de 2009

New gold bugs making gold investments mainstream

"The original gold bugs have been fans of the metal for decades. They yearn for the past, when the so-called Gold Standard was the central cog of the world's currency system. A similar system known as the Bretton Woods Agreement tied the U.S. dollar, and all currencies pegged to the dollar, to the price of gold. When the system broke down in 1971, there was no longer a limit on the amount of money that could be printed by governments.

Gold bugs hung on grimly as prices dropped in the '80s and '90s amid quelled inflation and roaring stock markets. But gold prices began climbing at the start of this decade, when the Federal Reserve slashed interest rates to revive the U.S. economy in the wake of the dot-com bust.

That helped fuel a housing and credit market boom that came crashing down last year, triggering a global financial crisis and the worst recession since the Great Depression." 



http://www.marketwatch.com/story/new-gold-bugs-taking-gold-mainstream-2009-11-23

quinta-feira, 19 de novembro de 2009

LIFE IS A ROLLERCOASTER OF EMOTIONS AND ECONOMIC OUTLOOKS, ESPECIALLY REGARDING COMMODITIES........report from SocGen.

LIFE IS A ROLLERCOASTER OF EMOTIONS AND ECONOMIC OUTLOOKS, ESPECIALLY REGARDING COMMODITIES........
YESTERDAY, THE "LONG-TERM LOW INTEREST RATES SENARIO" POINTED TO COMMODITIES BEING AN 'ATTRACTIVE INVESTMENT' OPTION BUT JUST INCASE........

FROM today's edition of 'THE DAILY TELEGRAPH' - UK newspaper.
Société Générale tells clients how to prepare for potential 'global
collapse'
Société Générale has advised clients to be ready for a possible "global
economic collapse" over the next two years, mapping a strategy of defensive
investments to avoid wealth destruction.

By Ambrose Evans-Pritchard
Published: 6:12PM GMT 18 Nov 2009
Comments 44 | Comment on this article

(Embedded image moved to file: pic27027.jpg)A bullet train speeding past
Mount Fuji in Fuji city, west of Tokyo, Japan

Explosion of debt: Japan's public debt could reach as much as 270pc of GDP
in the next two years. A bullet train is pictured speeding past Mount Fuji
in Fuji city, west of Tokyo Photo: Reuters
In a report entitled "Worst-case debt scenario", the bank's asset team said
state rescue packages over the last year have merely transferred private
liabilities onto sagging sovereign shoulders, creating a fresh set of
problems.
Overall debt is still far too high in almost all rich economies as a share
of GDP (350pc in the US), whether public or private. It must be reduced by
the hard slog of "deleveraging", for years.

 Related Articles
'Debt levels risk another crisis'
"As yet, nobody can say with any certainty whether we have in fact escaped
the prospect of a global economic collapse," said the 68-page report,
headed by asset chief Daniel Fermon. It is an exploration of the dangers,
not a forecast.
Under the French bank's "Bear Case" scenario (the gloomiest of three
possible outcomes), the dollar would slide further and global equities
would retest the March lows. Property prices would tumble again. Oil would
fall back to $50 in 2010.
Governments have already shot their fiscal bolts. Even without fresh
spending, public debt would explode within two years to 105pc of GDP in the
UK, 125pc in the US and the eurozone, and 270pc in Japan. Worldwide state
debt would reach $45 trillion, up two-and-a-half times in a decade.
(UK figures look low because debt started from a low base. Mr Ferman said
the UK would converge with Europe at 130pc of GDP by 2015 under the bear
case).
The underlying debt burden is greater than it was after the Second World
War, when nominal levels looked similar. Ageing populations will make it
harder to erode debt through growth. "High public debt looks entirely
unsustainable in the long run. We have almost reached a point of no return
for government debt," it said.
Inflating debt away might be seen by some governments as a lesser of evils.
If so, gold would go "up, and up, and up" as the only safe haven from fiat
paper money. Private debt is also crippling. Even if the US savings rate
stabilises at 7pc, and all of it is used to pay down debt, it will still
take nine years for households to reduce debt/income ratios to the safe
levels of the 1980s.
The bank said the current crisis displays "compelling similarities" with
Japan during its Lost Decade (or two), with a big difference: Japan was
able to stay afloat by exporting into a robust global economy and by
letting the yen fall. It is not possible for half the world to pursue this
strategy at the same time.
SocGen advises bears to sell the dollar and to "short" cyclical equities
such as technology, auto, and travel to avoid being caught in the "inherent
deflationary spiral". Emerging markets would not be spared. Paradoxically,
they are more leveraged to the US growth than Wall Street itself. Farm
commodities would hold up well, led by sugar.
Mr Fermon said junk bonds would lose 31pc of their value in 2010 alone.
However, sovereign bonds would "generate turbo-charged returns" mimicking
the secular slide in yields seen in Japan as the slump ground on. At one
point Japan's 10-year yield dropped to 0.40pc. The Fed would hold down
yields by purchasing more bonds. The European Central Bank would do less,
for political reasons.
SocGen's case for buying sovereign bonds is controversial. A number of
funds doubt whether the Japan scenario will be repeated, not least because
Tokyo itself may be on the cusp of a debt compound crisis.
Mr Fermon said his report had electrified clients on both sides of the
Atlantic. "Everybody wants to know what the impact will be. A lot of hedge
funds and bankers are worried," he said.

quarta-feira, 18 de novembro de 2009

Other reason that commodities are looking a better long-term alternative investment?


14:15 18Nov09 DJN-DJ FED'S BULLARD: POSSIBLE FED WON'T HIKE RATES UNTIL
2012
14:15 18Nov09 DJN-DJ FED'S BULLARD: MARKET FOCUS ON FED FUNDS RATE
'DISAPPOINTING'
14:15 18Nov09 DJN-DJ BULLARD: MARKETS SHOULD FOCUS ON ALL ASPECTS OF FED
STIMULUS
14:15 18Nov09 DJN-DJ BULLARD: FED MINDFUL OF KEEPING RATES TOO LOW FOR TOO
LONG
14:15 18Nov09 DJN-DJ BULLARD:FED LIQUIDITY PROGRAMS UNLIKELY TO BE
INFLATION SOURCE
14:15 18Nov09 DJN-DJ BULLARD: FED'S MAIN CHALLENGE IS MANAGING ASSET BUYING
EFFORTS
14:15 18Nov09 DJN-DJ BULLARD: ECONOMY AIDED BY STABILIZING INCOME, HOUSING
MARKET
14:15 18Nov09 DJN-DJ BULLARD: GLOBAL GROWTH AIDING US ECONOMIC RECOVERY
14:15 18Nov09 DJN-DJ BULLARD: INFLATION LOW, BUT UNCERTAINTY IS HIGHER
14:15 18Nov09 DJN-DJ BULLARD: LABOR MARKET STILL WEAK, BUT LOSSES
MODERATING
14:15 18Nov09 DJN-DJ BULLARD: TOO-BIG-TO-FAIL ISSUES MUST BE ADDRESSED
14:15 18Nov09 DJN-DJ Fed's Bullard: Possible Fed Won't Hike Rates Until
2012

  By Michael S. Derby
  Of DOW JONES NEWSWIRES

   NEW YORK (Dow Jones)--If the Federal Reserve sticks to the pattern set
after
the last two recessions, interest rates will remain unchanged until 2012, a
Federal Reserve official said Wednesday.
   Assuming the recession ended this summer, Federal Reserve Bank of St.
Louis
President James Bullard said interest rate hikes could lie well into the
future,
assuming the central bank sticks to raising rates between two-and-a-half to
three
years after the end of a downturn, as it did for the past two recessions.
   But Bullard cautioned that pattern isn't set in stone, because central
bank
officials are mindful of the possible mistakes of keeping interest rates
too low
for too long, as many believe was the case in the middle years of this
decade.
   Bullard also said the market was missing the policy story, in a sense,
by
thinking so much about what the Fed does with the Fed funds rates. "The
market's
focus on interest rates is disappointing, given quantitative easing," he
said.
   It is instead the provision of liquidity the Fed has offered via its
emergency lending programs that is key. "The liquidity programs naturally
taper
off as the crisis recedes," and are thus "not an inflationary concern,"
Bullard
said.
   Still, "the main challenge for monetary policy going forward will be
how to
adjust the asset purchase program without generating inflation and still
providing support to the economy while interest rates are near zero,"
Bullard
said.
   The official's comments came from a press release and presentation
released
to the press in advance of a speech Commerce Bank Economic Breakfast, in
Clayton,
Missouri. The remarks will be expanded when he gives the formal speech.
   Bullard is not currently a voting member of the interest rate setting
Federal
Open Market Committee, but he will be in 2010. His speech comes at a time
where
financial markets have been intensely focused on how the Fed will start
unwinding
its current policy stance given that the recession appears to be over.
   Already, many of the Fed's emergency lending efforts are ending due to
a lack
of market demand, while its major asset purchase programs will be wound
down by
the first quarter of next year. But it's unclear what the Fed will do with
what
effectively is its zero percent interest rate stance.
   Financial markets have wondered if the Fed would move sometime next
year, but
recent addresses from central bankers seem to suggest the Fed may not raise
rates
for many months.
   Fed Chairman Ben Bernanke spoke this week and said an environment of
modest
growth, weak labor markets and no threat of inflation mean the central bank
can
keep rates at rock bottom levels for some time. Most private sector
economists
don't believe the Fed will raise rates until after the middle of next year,
and
many see the Fed holding off on tightening until 2011.
   In his remarks, Bullard noted the recovery is being driven by a
stabilization
in personal income and housing, along with abating stress in financial
markets
and improving global growth. Labor markets are still problematic, although
it's
good job losses have moderated.
   Bullard described inflation as low, although the Fed's large balance
sheet
has created a medium term risk to prices. He flagged volatile commodity
prices as
an issue and added "inflation uncertainty remains elevated compared with
last
fall."
   The official also said the financial system's too-big-to-fail problem
must be
dealt with.
   -By Michael S. Derby; Dow Jones Newswires, 212-416-2214
  michael.derby@dowjones.com
-0-
By Michael S. Derby
  Of DOW JONES NEWSWIRES

and..........................

14:34 18Nov09 DJN-DJ Jim Rogers Says Commodities To Perform Regardless Of
Economy<N.N>


   LONDON (Dow Jones)--Commodities is the best major asset class to invest
in because it is most likely to make money irrespective of whether the
world economy improves or worsens, commodities-investing expert Jim Rogers
said Wednesday.
   "For the most part, the only major asset class where the fundamentals
continue to improve and where one can probably make a lot of money whether
the economy gets better or gets worse would be commodities," Rogers said in
a conference call hosted by ETF Securities.
   "That's the best place to be and with my money, that and a few
currencies, are the places that I have been investing going forward because
I don't see any other asset class [worth investing in]."
   He said investors should sell out of bonds because governments are
likely to issue more debt in the future and inflation will rise. The stock
market may also be an unattractive asset class because its has been known
to remain rangebound for long periods of time, he said.
   Commodities, on the other hand, will perform well regardless of what
happens to the economy.
   "If the world economy gets better, commodities will be a very good
place to be if not the best place because the [supply] shortages continue
to get worse. If the world economy does not get better, commodities are
still going to be a good place to be because governments have printed so
much money and are continuing to print so much money," he said.

    -By Alex MacDonald, Dow Jones Newswires; +44 (0)20 7842 9328;
alex.macdonald@dowjones.com

   (END) Dow Jones Newswires