Today the Metals Service Center Institute(MSCI) based in Illinois announced that at current shipping levels US steel inventories represent a 2.9 months supply. The news release stated: “Steel shipments from U.S. metals centers totaled 2.25 million tons in May, a reduction of 48.5% from May 2008 shipments. Steel shipments for the first five months of …
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The conventional wisdom of academic investment theorists is taking a terrible beating in the post-bubble era. Rightly so, in the case of the efficient market theory, which now gives rise to growing skepticism.The flawed wisdom of crowds Since Wang Shulian started a gypsum factory nine years ago, her brick home in the countryside of western …
Alan Greenspan dubbed as “a conundrum” the failure of bond yields to respond to his 2004-05 Federal Reserve monetary tightening. Yet there was no mystery then, nor is there now, in the reverse situation. No conundrum, merely market forces working against the efficacy of Fed chairman Ben Bernanke’s helicopter money. No conundrum, again The fund …
Source:Â IMF, Finance and Development
 via Pension & Investments “The 12 Federal Reserve banks provide the financial means to operate the Federal Reserve System. Each reserve bank is organized much like a private corporation so that it can provide the necessary revenue to cover operational expenses and implement the demands of the board. Member banks are privately owned banks …
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