Viernes 10/06/11 Por fin es Viernes, que tal semana!!

[admin]

Viernes
Eventos economicos

Precios de los importadores y exportadores
Presupuesto del tesoro

Import and Export Prices
8:30 AM ET


Treasury Budget
2:00 PM ET

[admin]

Espero que este fin de semana todos podamos relajarnos de esta semana llena de stress, nerviosismo..y otras emociones que nos han dominado en los ultimos dias.

[admin]

Treasurys Price Chg Yield %
2-Year Note* -2/32 0.420
10-Year Note* -14/32 2.997
* at close

9:05 p.m. EDT 06/09/11Futures Last Change Settle
Crude Oil 101.89 -0.04 101.93
Gold 1545.0 2.4 1542.7
DJ Industrials 12055 11 12044
S&P 500 1281.90 -0.10 1282.00

9:15 p.m. EDT 06/09/11Currencies Last (bid) Prior Day †
Japanese Yen (USD/JPY) 80.11 79.90
Euro (EUR/USD) 1.4535 1.4571
† Late Wednesday in New York.

[admin]

Copper June 09,20:59
Bid/Ask 4.0755 - 4.0781
Change -0.0110 -0.27%
Low/High 4.0611 - 4.0913
Charts

Nickel June 09,20:59
Bid/Ask 10.4261 - 10.4724
Change -0.0299 -0.29%
Low/High 10.4261 - 10.5096
Charts

Aluminum June 09,20:53
Bid/Ask 1.1841 - 1.1857
Change +0.0028 +0.24%
Low/High 1.1812 - 1.1862
Charts

Zinc June 09,20:58
Bid/Ask 1.0225 - 1.0246
Change -0.0012 -0.12%
Low/High 1.0206 - 1.0282
Charts

Lead June 09,20:56
Bid/Ask 1.1714 - 1.1732
Change -0.0009 -0.08%
Low/High 1.1712 - 1.1778

[admin]

Australia +0.61%, el Nikkei +1.27%, el Shanghai C. -0.20%

Yen up 80.09

Los futures del Dow Jones 8 puntos al alza.

[admin]

Asia-Pacific
INDEX VALUE CHANGE % CHANGE TIME
NIKKEI 225 9,595.51 128.36 1.36% 20:48
HANG SENG INDEX 22,609.80 -51.80 -0.23% 06/09
S&P/ASX 200 INDEX 4,576.30 26.70 0.59% 21:08

[admin]

Korea sorprende y sube intereses a 3.25% de 3%.

[admin]

El Peru se esperaba que subiera intereses.

Peru inesperadamente toma una pausa a 4.25% despues de la victoria de Humala

Esta es la primera vez que se toma una pausa en seis mes debido a que las inversiones en Peru disminuyeron debido a las elecciones del 5 de Junio que termino con la victoria de Humala.

El ministro de finanzas Ismael Benavides dijo el 7 ed Junio que no era necesario subir los intereses por que la inflacion habia cedido debido a que los inversionistas estan esperando seniales claras de Humala y de como manejara la economia del pais con mas crecimiento en Latinoamerica. El gobierno el mes pasado recorto el pronostico de crecimiento del pais a 6.5% de 7.5% debido a que las companias desaceleraron la inversion antes de las elecciones.

La actividad economica realmente se ha desacelerado en el segundo trimestre, dijo un economista, no se sabe si la inversion va a regresar o como reaccionara el mercado al nuevo gobierno. Hay mucha incertidumbre.

El presidente electo necesita enviar seniales acerca de su cabinete ministerial y las politicas futuras para tranquilizar a las empresa, muchas de las cuales han paralizado sus inversiones, dijo Pedro Olaechea, presidente de la Sociedad Nacional de Industrias.



Peru Unexpectedly Pauses at 4.25% After Humala Wins Presidential Election
By John Quigley - Jun 9, 2011 7:24 PM ET .
Peru’s central bank unexpectedly paused for the first time in six months after investment into Latin America’s fastest growing economy slowed ahead of the June 5 presidential election won by Ollanta Humala.

The seven-member board kept the benchmark rate unchanged at 4.25 percent, surprising 12 of 17 economists surveyed by Bloomberg who expected a quarter-point increase. Five economists forecast a pause.

“This decision reflects the moderation in the pace of growth in consumer prices and some indictors of activity,” the central bank said in a statement posted on its website. “Future adjustments in the benchmark rate will depend on new information about inflation.”

Finance Minister Ismael Benavides said in a June 7 interview that another rate increase isn’t necessary because inflationary pressures are receding as investors await “clear signals” from Humala on how he’ll manage Latin America’s fastest growing economy. The government last month cut its 2011 growth forecast to 6.5 percent from 7.5 percent as companies slowed spending before the election.

“Economic activity has really slowed down in the second quarter,” said Pedro Tuesta, a Washington-based Latin America economist at 4Cast Inc. “ You don’t know if the investment is coming back or how the market will react to the new government. There’s a lot of uncertainty,” said Tuesta, who accurately predicted today’s pause.

Humala Cabinet, Policies
Peru’s benchmark stock index plunged a record 12 percent on June 6 on concern the president-elect might make good on campaign pledges to increase government control of the economy and unilaterally boost mining royalties. In trading on June 7, stocks, bonds, and Peru’s sol currency rebounded as investors took advantage of the selloff.

Humala, leader of Peru’s Nationalist party, shifted his stance during the campaign to defending policies that made Peru the fastest growing Latin American economy over the past decade and distanced himself from his one-time ally, Venezuelan leader Hugo Chavez.

The 48-year-old president-elect will follow the Brazilian government’s “successful” socio-economic policies to sustain region-beating growth and cut poverty with higher social spending, he told reporters in Brasilia today.

In an interview with CNN’s Spanish-language channel on June 7, Humala, a former army lieutenant-colonel, said he is considering asking central bank President Julio Velarde to remain in his post once his five-year term expires.

Investor View
Still, investors remain wary of Humala, whose original government platform called for changing the constitution to give the state a stronger role in the economy, including its ports and pension system.

The president-elect needs to send signals about ministerial appointments and future policies to reassure companies, many of which have placed investment projects on hold, said Pedro Olaechea, president of the National Society of Industries.

Peru’s economy, which expanded 8.8 percent in 2010, slowed in the first quarter as companies curtailed spending before the election.

“Some companies have decided to continue but others are waiting for signs on whether to keep investing or not,” Olaechea said in an interview in Lima yesterday. “It doesn’t make sense to raise rates because of the fall in economic activity.”

Central bank policy makers will keep the benchmark rate on hold until the outlook for growth is clearer, Barclays Capital Inc. said in a June 6 note to clients.

Higher food costs pushed inflation outside the central bank’s target range of 1 percent to 3 percent for the first time since mid-2009 in April.

Consumer prices in May fell 0.02 percent from April and annual inflation slowed to 3.07 percent from 3.34 percent. An easing of government spending growth and increases in the benchmark rate have helped tame inflation, Benavides said June 7.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: Joshua Goodman at jgoodman19@bloomberg.net.

[admin]

El Hang Seng +0.14%, el Shanghai C. -0.10%

[admin]

Perry es un ejemplo de que si se puede lograr aumentar el empleo con las politicas economicas adecuadas, a ese hombre hay que hacerlo presidente.

-------------------------------------

La unica estrella donde surge el empleo

El modelo de Texas ha agregado 37% de todos los empleos creados en US desde que empezo la recuperacion.

El 27% de los empleos en todo el pais fueron creados por el gobernador republicano de Texas en una economia que solo crece el 1.8%. Si se usa el metodo de contar a los nuevos empleos directamente Texas cre el 45% de los empleos totales del pais. La modestia no es una de las virtudes de Texas, pero su record habla por si solo.

Como es que Texas ha logrado tanto exito, la respuesta no es secreto, ha rechazado todas las politicas de Obama. Texas se distingue por sus politicas amigables a los negocios y su libertad de mercados. Texas no tiene impuestos al ingreso.

La afiliacion a sindicatos en Texas no es obligatoria. Su regulacion es flexible y es competitiva a nivel internacional. Texas tiene limite a las demandas en juicios y los duenios de casas solo pueden obtener mortgages sobre el 80% del valor de la casa.

Durante los ultimos 20 anios la economia de Texas ha crecido 3.3% promedio a diferencia del 2.6% de la del pais.

A pesar de los resultados ejemplares la politica economica de Obama es hacer al pais no como Texas si no como California, con mas sindicatos, mas planificacion central del gobierno, mas impuestos. La creacion ed empleo por parte de Texas del 37% de todos los empleos del pais demuestra que se ha incurrido en un error historico.



The Lone Star Jobs Surge
The Texas model added 37% of all net U.S. jobs since the recovery began

Richard Fisher, the president of the Federal Reserve Bank of Dallas, dropped by our offices this week and relayed a remarkable fact: Some 37% of all net new American jobs since the recovery began were created in Texas. Mr. Fisher's study is a lesson in what works in economic policy—and it is worth pondering in the current 1.8% growth moment.

Using Bureau of Labor Statistics (BLS) data, Dallas Fed economists looked at state-by-state employment changes since June 2009, when the recession ended. Texas added 265,300 net jobs, out of the 722,200 nationwide, and by far outpaced every other state. New York was second with 98,200, Pennsylvania added 93,000, and it falls off from there. Nine states created fewer than 10,000 jobs, while Maine, Hawaii, Delaware and Wyoming created fewer than 1,000. Eighteen states have lost jobs since the recovery began.

The data are even more notable because they're calculated on a "sum of states" basis, which the BLS does not use because they can have sampling errors. Using straight nonfarm payroll employment, Texas accounts for 45% of net U.S. job creation. Modesty is not typically considered a Texas virtue, but the results speak for themselves.

Texas is also among the few states that are home to more jobs than when the recession began in December 2007. The others are North Dakota, Alaska and the District of Columbia. If that last one sounds like an outlier at first, remember the government boom of the Obama era, which has helped loft D.C. payrolls 18,000 jobs above the pre-crisis status quo. Even so, Texas is up 30,800.

What explains this Lone Star success? Texas is a big state, but its population of 24.7 million isn't that much bigger than the Empire State, about 19.5 million. California is a large state too—36.9 million—and yet it's down 11,400 jobs. Mr. Fisher argues that Texas is doing so well relative to other states precisely because it has rejected the economic model that now prevails in Washington, and we'll second that notion.

Mr. Fisher notes that all states labor under the same Fed monetary policy and interest rates and federal regulation, but all states have not preformed equally well. Texas stands out for its free market and business-friendly climate.

Capital—both human and investment—is highly mobile, and it migrates all the time to the places where the opportunities are larger and the burdens are lower. Texas has no state income tax. Its regulatory conditions are contained and flexible. It is fiscally responsible and government is small. Its right-to-work law doesn't impose unions on businesses or employees. It is open to global trade and competition: Houston, San Antonio and El Paso are entrepôts for commerce, especially in the wake of the North American Free Trade Agreement.

Based on his conversations with CEOs and other business leaders, Mr. Fisher says one of Texas's huge competitive advantages is its ongoing reform of the tort system, which has driven litigation costs to record lows. He also cited a rule in place since 1998 in the backwash of the S&L debacle that limits mortgage borrowing to 80% of the appraised value of a home. Like a minimum down payment, this reduces overleveraging and means Texas wasn't hurt as badly by the housing crash as other states.

Texan construction employment has contracted by 2.3% since the end of the recession, along with manufacturing (a 1.8% decline) and information (-8.4%). But growth in other areas has surpassed these losses. Professional and business services accounted for 22.9% of the total jobs added, health care for 30.5% and trade and energy for 10.6%.

The Texas economy has grown on average by 3.3% a year over the last two decades, compared with 2.6% for the U.S. overall. Yet the core impulse of Obamanomics is to make America less like Texas and more like California, with more government, more unions, more central planning, higher taxes. That the former added 37% of new U.S. jobs suggests what an historic mistake this has been.

[admin]

Por ese y otros motivos, hay muchos que piensan que lo que hace Obama lo hace a proposito, se ha empeniado en destruir al pais.

[admin]

Euro up 1.4538

[Maricielo]

admin, en el post dice que solo permite obtener prestamos sobre el 80% del valor de la propiedad, en los otros estados de que porcentaje hablamos en promedio?

[admin]

100%

[admin]

7:20 a.m. EDT 06/10/11Treasurys
    Price Chg Yield %
2-Year Note   2/32 0.409
10-Year Note   10/32 2.966
* at close
7:25 a.m. EDT 06/10/11Futures
  Last Change Settle
Crude Oil 100.91 -1.02 101.93
Gold 1541.3 -1.4 1542.7
DJ Industrials 12035 -9 12044
S&P 500 1277.50 -4.50 1282.00
7:35 a.m. EDT 06/10/11Currencies
  Last (bid) Prior Day †
Japanese Yen (USD/JPY) 80.11 79.90
Euro (EUR/USD) 1.4464 1.4571
† Late Wednesday in New York.