Category Archives: General

Moody’s Downgrades Italian Debt –

Moody’s downgraded Italian government debt from Aa2 to A2 with a negative outlook.  Moody’s cited the increase in long-term funding risks for Euro nations with high levels of debt.  Also, the weak global economic outlook was part of the rationale for … Continue reading

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Florida Moves Republican Primary –

Florida Republicans haved moved the Republican Presidential primary to January 31st.  The move is expected to cost Florida Republicans half of their delegates.  Several other states are considering moving their Republican primaries earlier in the nominating process.  The earlier primary date … Continue reading

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Senate Avoids Shutdown –

The U.S. Senate voted 79-16 in support of legislation to finance the government.  The legislation also includes $2.65 billion in disaster assistance.  The measure will finance the government through November 18th.  The House is expected to vote on the legislation on … Continue reading

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Currency Legislation –

Democratic Senator Harry Reid has indicated that he will introduce legislation relating to undervalued currencies.  The measure will address the effect that undervalued currencies have on trade.  The Chinese Yuan is one currency that is considered  to be undervalued and acting as a subsidy to … Continue reading

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Government Shutdown Showdown –

The Senate voted 59-36 against a House spending bill.  The Republican bill in the House was designed to cut $1 billion in spending to pay for disaster relief.  Senate Democrats are expected to move for a vote on an alternative … Continue reading

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Florida GOP Debate –

Republican Presidential  candidates squared off last night in their third debate in less than a month.  Social security and immigration were two of the main issues discussed in the debate.  Most of the action was between frontrunner Rick Perry and … Continue reading

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Treasury Yields Fall –

Treasury yields for 30 year bonds fell below 3% for the first time since 2009.  The Federal Reserve announced that it will purchase long term debt and sell shorter term debt in an attempt to spur economic growth.  It is expected … Continue reading

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Tea Party Debate –

On Monday, eight Republican Presidential candidates squared off in the CNN/Tea Party Debate.  The Tea Party debate took place in Florida which is expected to be a heated primary race.  Perry maintained his frontunner status with Romney and Bachmann questioning his … Continue reading

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Senate Increases Debt Ceiling –

The Senate voted 52-45 to increase the debt limit by $500 billion.  The vote came on Thursday night after the jobs speech by Obama and before the NFL season opener.  Democratic Senator Ben Nelson voted with the Republicans and Republican Senators Corker … Continue reading

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Reagan Debate: Perry & Romney –

The debate at the Ronald Reagan Presidential Library took shape as a showdown between Rick Perry and Mitt Romney.  Perry had taken the frontrunner status from Romney and perfomed well in his first Presidential debate.  There will be two more … Continue reading

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Ten Year Treasury Yields Drop –

The yield on a ten year Treasury fell to an all-time low in trading on Tuesday.  The European debt crisis and a slow US economy drove investors to the safety of Treasuries.  European stocks fell on Monday and US stocks declined in trading … Continue reading

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Job Growth Stalls –

The Labor Department released employment figures for the month of August and job growth remained flat.  The data sent the Dow Jones Industrial Average down almost 200 points in afternoon trading.  Another round of stimulus could be discussed at the next meeting of … Continue reading

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Treasuries Gain In August –

Treasuries posted their biggest monthly gains since December 2008.  Investors looked towards the safety of US Treasuries even as Standard & Poor’s downgraded US debt.  The yield on a 10 year note fell 60 basis points in the month of August as compared … Continue reading

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Washington Monument Closed For Repairs –

The Washington Monument has been closed to repair damage from the earthquake.  The 5.8 magnitude earthquake also caused damage at the Washington Cathedral which has also been closed.  Engineers are studying the damage at the Washington Monument and there is not … Continue reading

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Stocks Gain –

Stocks are trading above the 10,900 mark on Monday as traders speculate on more Fed action.  Also, the possibility that the Federal Reserve will announce another quantitative easing program to counter recessionary concerns have kept Treasury yields at record lows. … Continue reading

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