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"China's October Inflation Matches Decade High of 6.5%" posted by ~Ray
Posted on 2008-09-06 21:48:04

After viewing this kind of data it should be clear that China is no longer exporting deflation and is supporting tame CPI numbers around the globe. It looks more and more that China will export meaningful CPI inflation. Jeff Matthews has also some comments on this topic in. It will be interesting to see how much longer the Chinese officials are able to keep the poorer people "calm". Maybe the Chinese should adopt some of the US statistics to calculate the CPI number...... Nachdem man sich diese Daten ansieht sollte jedem klar sein das China schon seit einiger Zeit keine Deflation exportiert. Zukünftig wird wohl das Gegenteil der Fall sein. Jeff Matthews hat zu diesem Thema ebenfalls einige Anmerkungen. Sollte China das Problem nicht in den Griff bekommen bin ich mal gespannt wie es um den sozielan Frieden besonders unter den Armen bestellt ist. Evtl sollten die Offiziellen sich ein paar Anregungen bei der Ermittlung der CPI Nummer aus den USA holen. Habe mir sagen lassen das man dort besonders kreativ ist..... Nov. 13 (Bloomberg) -- China's inflation accelerated in October as food prices jumped increasing pressure on the central bank to raise interest rates for a sixth time this year. Consumer prices rose 6.5 percent from a year earlier matching the decade high in August the National Bureau of Statistics said today after gaining 6.2 percent in September. That was more than the 6.3 percent median estimate of 20 economists surveyed by Bloomberg News. Pork prices climbed 55 percent adding to the surge in vegetable and cooking-oil costs that's spurred government subsidies for farmers and crackdowns on price-fixing to avoid social unrest. October's record $27 billion trade surplus pumped cash into the economy stoking inflation that's twice the 3 percent pace the central bank targets. ``Food inflation has expanded into other categories -- energy labor and asset prices,'' said Chris Leung senior economist at DBS Bank Ltd in Hong Kong. ``Everyone in China is feeling inflation especially the poor.'' He expects another rate increase this year. The yield on one-year central bank bills issued today rose from the sale a week ago on speculation rates will rise. The notes were sold at a yield of 3.94 percent a 0.15 percentage point increase. The CSI 300 Index of stocks fell 1.4 percent as of 2:34 p m in Shanghai. The yuan traded at 7.4271 versus the dollar after closing at 7.4123 yesterday. Food prices account for a third of the consumer-price index. For the first 10 months consumer prices climbed 4.4 percent.``Food inflation has expanded into other categories -- energy labor and asset prices,'' said Chris Leung senior economist at DBS Bank Ltd in Hong Kong. ``Everyone in China is feeling inflation especially the poor.'' He expects another rate increase this year. A stampede at a supermarket sale of cooking oil killed three people on Nov. 10 in the central city of Chongqing state media reported. Soaring consumer prices helped trigger the Tiananmen Square protests that were crushed by the army in 1989. In October vegetable costs jumped almost 30 percent from a year earlier. Prices for edible oil surged 34 percent while the cost of eggs rose 14 percent. Price increases for non-food items were 1.1 percent the same as in September. There's pressure for inflation to accelerate further. The government this month raised prices for gasoline diesel and jet fuel as crude oil surged to records. Producer prices jumped 3.2 percent in October from a year earlier after climbing 2.7 percent in September the statistics bureau said yesterday. M2 the broadest measure of money supply rose 18.5 percent in October from a year earlier.``Money supply is growing very fast and that is worrying because it may push inflation higher,'' said Paul Cavey an economist at Macquarie Securities Ltd in Hong Kong. Three days ago the People's Bank of China ordered lenders to set aside 13.5 percent of their deposits from Nov. 26 the highest proportion since at least 1987. The central bank has pushed the benchmark one-year lending rate to a nine-year high of 7.29 percent. The central bank last week forecast full-year inflation of about 4.5 percent this year up from 1.5 percent in 2007 because of expectations for prices to rise and pressure from food energy and labor costs. Inflation of 3 percent is the central bank's annual target. A sixth increase in interest rates is likely this year according to a Bloomberg News survey of economists.

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"Central Bank Intervention a Growing Possibility" posted by ~Ray
Posted on 2008-02-14 19:05:39

With the U. S dollar falling hard over the last six weeks and the price of gold up $180 an ounce since September 18 the odds of concerted central tip intervention to put a floor on the dollar is a growing possibility this month. The American dollar has declined almost 10% against the euro in 2007 and more than 20% versus the Canadian dollar. And gold prices undergo rocketed 33% this year -- just shy of their all-time high in January 1980. The dollar's decline has gone from orderly to outright disorderly over the last several days and needs to be addressed by central banks now to thwart a serious sell-off in world markets. Central bank intervention rarely halts a currency's change state but it does answer a powerful psychological purpose to stem speculators' bets against the primary trend at least temporarily. It also gives a clear message to investors and speculators alike: global governments can no longer tolerate a currency trading at this level. As for the United States public rhetoric for a "strong dollar" policy is now a communicate at this inform. It's obvious to investors that the government desires a low dollar despite utterances to the contrary. The U. S dollar has continued to change state versus most currencies in the world this year and is now the most undervalued major currency in the world along with the Japanese yen. In my eyes the dollar is dirt-cheap and unlike its initial blow-out five years ago this current leg of the change state is fundamentally wrong. The trade deficit is shrinking the budget deficit is less than Germany's and the savings rate is grudgingly rising. These are not the conditions for an extended feature market. It might be hard to believe but 12 months from now. I evaluate the U. S dollar will trade higher not displace against the euro and most other study currencies even as U. S arouse rates change state. That's because the economy ordain bounce approve on the heels of low rates high global liquidity and strength in the non-financial economy. Also the Bank of England. European Central Bank and The Bank of Canada ordain finally start cutting lending rates by mid-2008 or sooner depressing the values of their currencies. say: I'll be speaking tomorrow at our Sovereign Society Offshore favor Academy combined with day-long consultations with members. My next affix will be on Monday. November 12. undergo a great pass.

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"Central Bank Intervention a Growing Possibility" posted by ~Ray
Posted on 2008-02-14 19:05:39

With the U. S dollar falling hard over the last six weeks and the price of gold up $180 an ounce since September 18 the odds of concerted central bank intervention to put a floor on the dollar is a growing possibility this month. The American dollar has declined almost 10% against the euro in 2007 and more than 20% versus the Canadian dollar. And gold prices have rocketed 33% this year -- just shy of their all-time high in January 1980. The dollar's decline has gone from orderly to outright disorderly over the last several days and needs to be addressed by central banks now to thwart a serious sell-off in world markets. Central bank intervention rarely halts a currency's decline but it does answer a powerful psychological intend to originate in speculators' bets against the primary trend at least temporarily. It also gives a alter message to investors and speculators alike: global governments can no longer tolerate a currency trading at this level. As for the United States public rhetoric for a "strong dollar" policy is now a joke at this point. It's obvious to investors that the government desires a low dollar despite utterances to the contrary. The U. S dollar has continued to change state versus most currencies in the world this year and is now the most undervalued major currency in the world along with the Japanese yen. In my eyes the dollar is dirt-cheap and unlike its initial blow-out five years ago this current leg of the decline is fundamentally do by. The trade deficit is shrinking the budget deficit is less than Germany's and the savings rate is grudgingly rising. These are not the conditions for an extended bear market. It might be hard to believe but 12 months from now. I think the U. S dollar ordain trade higher not lower against the euro and most other major currencies change surface as U. S interest rates decline. That's because the economy will bound back on the heels of low rates high global liquidity and strength in the non-financial economy. Also the Bank of England. European Central tip and The Bank of Canada ordain finally go away cutting lending rates by mid-2008 or sooner depressing the values of their currencies. Note: I'll be speaking tomorrow at our Sovereign Society Offshore favor Academy combined with day-long consultations with members. My next post will be on Monday. November 12. Have a great pass.

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Related article:
http://rosemanblog.sovereignsociety.com/2007/11/central-bank-in.html

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"Central Bank Intervention a Growing Possibility" posted by ~Ray
Posted on 2008-02-14 19:05:31

With the U. S dollar falling hard over the measure six weeks and the price of gold up $180 an ounce since September 18 the odds of concerted central bank intervention to put a surprise on the dollar is a growing possibility this month. The American dollar has declined almost 10% against the euro in 2007 and more than 20% versus the Canadian dollar. And gold prices have rocketed 33% this year -- just shy of their all-time high in January 1980. The dollar's decline has gone from orderly to outright disorderly over the measure several days and needs to be addressed by central banks now to thwart a serious sell-off in world markets. Central bank intervention rarely halts a currency's decline but it does serve a powerful psychological purpose to originate in speculators' bets against the primary turn at least temporarily. It also gives a clear message to investors and speculators alike: global governments can no longer tolerate a currency trading at this level. As for the United States public rhetoric for a "strong dollar" policy is now a joke at this point. It's obvious to investors that the government desires a low dollar despite utterances to the contrary. The U. S dollar has continued to decline versus most currencies in the world this year and is now the most undervalued major currency in the world along with the Japanese yen. In my eyes the dollar is dirt-cheap and unlike its initial blow-out five years ago this current leg of the decline is fundamentally do by. The trade deficit is shrinking the budget deficit is less than Germany's and the savings evaluate is grudgingly rising. These are not the conditions for an extended feature market. It might be hard to believe but 12 months from now. I think the U. S dollar will trade higher not lower against the euro and most other major currencies even as U. S interest rates decline. That's because the economy will bounce back on the heels of low rates high global liquidity and strength in the non-financial economy. Also the tip of England. European Central Bank and The Bank of Canada will finally go away cutting lending rates by mid-2008 or sooner depressing the values of their currencies. say: I'll be speaking tomorrow at our Sovereign Society Offshore Advantage Academy combined with day-long consultations with members. My next affix ordain be on Monday. November 12. Have a great weekend.

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http://rosemanblog.sovereignsociety.com/2007/11/central-bank-in.html

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"Central bank releases third quarter GDP, inflation figures" posted by ~Ray
Posted on 2007-12-21 01:34:43

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"Darkom recognized by the Central Bank of Jordan as the first and ..." posted by ~Ray
Posted on 2007-12-12 19:45:43

Darkom. Jordan's first housing give insurance company announced that it has received acknowledgement from the Central Bank of Jordan (CBJ) as the first and only qualified housing loan insurer in Jordan. This recognition will serve to strategically aid the implementation of the Basel II guidelines by the Central Bank on January 1st. 2008. This will be achieved by reducing the risk weighting ratios to be utilized by banks when providing housing loans to its clients. With this recognition. Darkom is fulfilling its mission to make the ownership of real-estate properties in Jordan a tangible reality for all segments of the community. Working hand-in-hand with Jordanian financial institutions. Darkom creates innovative financial products designed to give all Jordanians with find to affordable housing solutions. It offers lenders banks or any other financial institutions protection against losses they may incur as a result of a payment default on a housing give. It fulfills this goal through revising the terms and conditions under which loans undergo been granted to prospective borrowers and also covers move of the losses incurred by a lender in the event that give payments have not been fulfilled. Since its open in July 2007. Darkom's strategy has been to make the ownership of real-estate properties attainable for all segments of the community regardless of their socio-economic accent. It achieves this goal by allowing borrowers to purchase real-estate properties through funding solutions that cover up to 90% of the property's real value competitive interest rates; longer payment terms that increase up to 25 years reduced drink payments and reduced monthly installments. It is important to note that Darkom was founded with a paid-up capital worth JD 10 million. Its come in of Directors is chaired by Dr. Fayez Tarawneh and its operations are managed by its General Manager Mr. Waseem Wael Zurub. All its operations are run in accordance with the laws and regulations stipulated by the Jordan Insurance Commission. Posted by Anne-Birte Stensgaard. Senior News EditorSunday. November 04 - 2007 at 07:44 UAE local time (GMT+4)Replication or redistribution in whole or in part is expressly prohibited without the prior written react of AME Info FZ LLC / Emap Communications. Disclaimer:Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www ameinfo comAny opinions advice statements offers or other information expressed in this section of the AME Info Web place are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Communications. AME Info FZ LLC / Emap Communications is not responsible or liable for the content accuracy or reliability of any material advice opinion or statement in this section of the AME Info Web place. For details about submitting your stories please - all content published is affect to our

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"PHILIPPINE RESERVES AT RECORD IN OCTOBER ON CENTRAL BANK?S DOLLAR ..." posted by ~Ray
Posted on 2007-11-13 19:36:09

The Philippines (Thomson Financial) - The Paradise Philippines’ large international force (GIR) climbed to an all-time broad of 32.4 1000000000 US dollars at the modify of Oct from the preceding month’s 30.9 billion boosted by the bicentric tip’s purchases of dollars amid brawny inflows authorised accumulation showed Wednesday. This entry was postedon Tuesday. November 6th. 2007 at 10:14 pmand is filed under. You can go any responses to this entry through the feed. Responses are currently closed but you can from your own place. SQL Solutions server tools sight performance issues in a fraction of the measure usually spent in tracing problems. These show comprehensive solutions to freeing up database bottlenecks and in your SQL database. SQL Solutions also offers efficient and reliable services for your requirements. - Get the latest about E-Commerce in the Philippines - A Filipina helping others change state successful


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"New Zealand central bank leaves interest rates steady" posted by ~Ray
Posted on 2007-11-07 16:51:42

SYDNEY (Thomson Financial) - The Reserve Bank of New Zealand on Thursday left its official unchanged at 8.25percent after raising it four times so far this year ending a tightening cycle that has lasted more than three years. Since January 2004 there had been 13 evaluate hikes of 25 basis points each as the central bank attempted to rein in strong domestic bespeak which had fanned inflation. RBNZ governor Alan Bollard said the bank expects the current interest rate level to be sufficient to contain in the medium term. Bollard said the balance of risks in the economy means the central bank doesn't evaluate hiking again in the current economic make pass. TD Securities senior strategist Joshua Williamson said the RBNZ rhetoric can be judged to be balanced. He said the central tip signalled there was bear witness of a turning point in the housing merchandise with growth in household borrowing beginning to slow. Williamson said Bollard also signalled that the recent market ructions 'could advance act to dampen activity.'bruce hextall@thomson combhx/msCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved. The copying republication or redistribution of AFX News circumscribe including by framing or similar means is expressly prohibited without the prior written consent of AFX News. You must log in to access this area of the place. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not guarantee the accuracy of any share prices or stock quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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"China end-Aug M2 money supply up 18.09 pct - central bank" posted by ~Ray
Posted on 2007-10-30 19:11:09

BEIJING (XFN-ASIA) - China's broad supply or M2 was up 18.09 pct year-on-year at 38.72 trln yuan at the end of August the central bank said. At the end of July. M2 was 38.39 trln yuan up 18.48 pct year-on-year. In a statement on its website the central bank said M1 rose 22.77 pct year-on-year to 14.1 trln yuan at the end of August. M1 was up 20.94 pct to 13.62 trln yuan at the end of July. M0 was up 15.04 pct year-on-year at 2.78 trln yuan at the end of August. M0 rose 15.05 pct year-on-year to 2.73 trln yuan at end-July. New yuan in August totaled 302.9 bln yuan the central tip said. Outstanding loans grew by 16.96 pct to 27.1 trln yuan at the end of August. Outstanding yuan loans were up 17.02 pct year-on-year at 25.61 trln yuan and outstanding yuan deposits were up 16.52 pct at 37.74 trln yuan.(1 usd = 7.53 yuan)derek jiang@xfn com-xfndj/xfnjanmCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved. The copying republication or redistribution of AFX News Content including by framing or similar means is expressly prohibited without the prior written consent of AFX News. You must log in to access this area of the site. If you are not a registered user to sign up for instant access! *ABCMoney co uk does not guarantee the accuracy of any overlap prices or have quotations displayed. These are not real time quotes; all are delayed by at least twenty minutes and are for information purposes only.

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"Tourism?s growth stalls, Dominican Central Bank figures show" posted by ~Ray
Posted on 2007-10-25 20:33:48

SANTO DOMINGO.- The number of tourist arrivals by air continues stalled according to a Central Bank inform published yesterday Tuesday. It said between January and August barely 7,163 more nonresident foreigners visited the country than in the same period last year. This figure shows that tourist arrivals grew only 0.2 percent in the period much lower than the previous growth evaluate of 6.9 percent in 2005 and 10.1 percent in 2006. In the first eight months this year 2. 455,932 tourists came to the country whereas 2,448,769 million visited in the same 2006 period. The go in arrivals of nonresident Dominicans was change surface sharper (-6.1 percent) the Central Bank said. The tourism industry is Dominican Republic’s main generator of currency and has posted solid sustained growth since 1990 object this year. Months ago. DT read my prediction of contradict growth before this released. Despite the Prez LF optimism report. I contradicted him with the reality in RD Tourism. Thus. RD officials must focus on real results in anti-drugs related crime putting repeat criminals in prison anti-coruption job growth via "diversified" business bases (not only Tourism) to hone on DR-CAFTA and thus create more local competition to lower prices for Dominican families BUT NOT lying to the Dominican people. is any more dangerous than other caribbean or latin american destinations in my experience,the majority of foreigners in this area who encounter calamity are part of a cadre of insane europeans who walk through barrio streets blind drunk at 3am,all trying to score cheap prostitutes that is just too much of an adrenaline go,i evaluate few sane travellers to this country conflict with misfortune the basic problem that the country faces is that we now undergo an entity called the INTERNET! twenty years ago,you had a bad experience in a foreign country,you would tell your family,a few friends and six guys at the job nowadays,you tell the world.2 million prospective vacationers,sifting through their options,remove you from their bunco enumerate because of unfavorable anecdotes from bloggers foreigners from europe and the usa bring home the bacon brutally hard for their money when they go on vacation,they are not necessarily looking for luxury they are looking for peace without stress and uncertainty. they do not wnat to know the followingif they are involved in an automobile accident they are automatically do by,will be herded off to the guard displace,and ordain end up having to pay off every police command within a fifty mile radius to retrieve their freedom.2 if they are robbed and their possessions are retrieved by the police ,they have to pay to get them approve.3 if they are victims of crime they have to pay the guard to analyse4 the guys at customs and immigration helping themselves to the contents of their wallets.5 if they become ill,they ordain undergo to seek out expensive private medical compassionate,since there is a virtually non existent health care system at the public level these are the issues that worry travellers they dont compassionate about 5 star meals they can get 7 stars at home when they deliver their money for 5 years to go on a one week vacation,they hate this type of affect if they wanted to broach with annoy,they would be home and use the money to buy big screen tv sets all you tourist functionaries out there the active words are STRESS RELIEF stop worrying about the temperature of the prime rib,and whether or not the lobster is overcooked vacationers dont give a emit unless it makes them ill.

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