If you are a forex trader, you of course noticed the advance of the CHF (swiss franc) against most of the other currencies. According to the OECD’s calculations, the swiss franc is 44% overvalued against the dollar and 42% overvalued compared to the euro. And this has happened steadily in the last 6 months or so, without a retreat. What […]
Here we go again with one more doitinvest.com survey on how long might still last the current financial crisis / recession. Compared to the last two surveys we had a couple of months ago, this one seems to be pretty more optimistic. This optimism is fueled by the recent slow recovery of the stock markets (see the Dow Jones recovering […]
Well, our survey has different views included, as usually. The answers tend to be pretty structured though, so let’s see the results. The theory, as previously explained by doitinvest.com in a previous investing blog, says that the interest rate cut executed by the FED should boost the US economy. By reducing the refference interest rate, FED actually reduces the borrowing costs of […]
It seems that all these measures cannot really help the US economy. With $350 billion already spent on AIG and Citibank from taxpayer’s funds, the US government has already exceeded any initial forecasts for its spending bill. And yet S&P’s 500 index has lost in the last 4 days more than 14%, whilst only Citibank lost yesterday 17% to $5,60 per share…
On Friday, June 6 2008, a striking piece of news came sharply on the market. The U.S. employers shed jobs for a fifth straight month in a row. The May unemployment rate jumped to its highest in more than 3-1/2 years, partly because more people were trying to come back into the workforce, a Labor Department report released Friday showed.