Danny Salas

Archive for December 1st, 2009

Chico, CA Interest Rates Market Report – Economic Influences – December 1, 2009

Dubai's Troubles Were Somewhat Misleading

Dubai Clarification

Interesting how the world reacts to the media.  To be clear, it was Dubai World, that was having trouble making payments and may to rearrange or re-structure their assets.  Dubai World is a private investment group, that never had the governments backing.  So, that information coupled with the fact that The United Arab Emirates were going to free up capital to assist the company, helped eased world concerns of another Lehman Brothers type catastrophe.  So, the dollar is weakening again, oil and gold are climbing higher, and things are back to where they were last week.

Down Under Raises Their Over

Overnight Rate, that is!  Australia raised their overnight cash rate by another .25% to 3.75%.  Citing an increasingly strong economic recovery and with consumer confidence booming, they felt the move was prudent.

Bank of Japan

The government, in Japan, is concerned with their commercial lending and banking industry.  They requested an emergency meeting of monetary policy makers to have their government start buying government Bonds.  The policy makers decided not to structure a government purchase program, however, did approve short-term loans to commercial lenders.  We’ll have to watch this closely, as well.

Stocks Doing Well

GE will be selling a 20% stake in NBC to Vivendi for $5.8 Billion.  This should pave the way for Comcast to purchase a controlling interest in NBC.  This will be interesting to watch, as we continue to transition into a cable controlled television viewing environment.

Locking

Again…whilst the gettin’s good my advice is to take advantage of the opportunity available.

Related Must Reads

After 158 Years…Lehman Brothers is…History
Put Another Quarter Percent On The Overnight Mate

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