Martes 09/08/11 La decision del Fed (operation twist)

[admin]

Hong Kong ya esta en bear territorio, el Shanghai C. tambien.

[admin]

Ese articulo que acabo de poner sobre si Obama es estupido esta buenisimo, leanlo, inteligente no es pero creido, arrogante y sobrado como el solo.

[admin]

A prenderle la vela a Bernanke, que puede decir para convencer al mercado.

Muchi.......sisisisimo tiempo con intereses muyyyyyyyy bajos.

Comprar lo que sea

Bailar el twist, (operacion twist) canjear los bonos de 3 anios por 10 o 20 o 30 o por la eternidad

Rebajar los 0.25% de intereses que le paga a la banca por el exceso de sus reservas

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Que haga las cuatro cosas a la vez, en caso alguna funcione.

[admin]

Me gusta como suena "Operation twist"

[admin]

El Kospi mejorando -6% estaba casi 10% a la baja.

Oil down 77.75

El hang Seng -5.51% ha mejorado algo tambien.

-216 -2.01%

Australia -2.09%

El Nikkei tambien mejorando algo.

[admin]

No se pueden ir de vacaciones los del S&P?

Es verano.

[admin]

S&P le rebaja el rating a los bonos de las municipalidades respaldadas por el gobierno de US.

S&P Cuts AAA Ratings on Thousands of Municipal Bonds After U.S. Downgrade
QBy Sarah Frier and Michelle Kaske - Aug 8, 2011 11:17 PM ET .

Standard & Poor’s cut the AAA ratings of thousands of municipal bonds tied to the federal government, including housing securities and debt backed by leases, following its Aug. 5 downgrade of the U.S.

The rating company assigned AA+ scores to securities in the $2.9 trillion municipal bond market including school- construction bonds in Irving, Texas; debt backed by a federal lease in Miami; and a bond series for multifamily housing in Oceanside, California. Olayinka Fadahunsi, an S&P spokesman, said he couldn’t provide a dollar figure on the affected debt.

S&P also cut ratings on securities backed by Fannie Mae and Freddie Mac, prerefunded issues and munis repaid by using federal assets, also known as defeased or escrow bonds. No state general-obligation ratings were affected and the company said some may remain unchanged.

“It’s expected, but nobody is happy about it,” Bud Byrnes, chief executive officer of Encino, California-based RH Investment Corp., said in a telephone interview. “No one that I know thinks it was justified to cut the U.S. bonds to AA+. Once that happened, you knew that any prerefunded bonds or escrowed bonds would be downgraded too. It’s a domino effect.”

Byrnes said funds required to invest in AAA bonds would be most affected by the downgrades and may be forced to liquidate some holdings. “They will have a hard time replacing that yield,” he said.

‘Logical and Coherent’
Chris Mier, a managing director at Loop Capital Markets LLC in Chicago who follows the municipal bond market, said the downgrades made sense, given the federal rating cut.

“In order to keep the system logical and coherent, there are going to be a lot of downgrades,” Mier said in a conference call with reporters and clients.

Matt Fabian, a managing director of Concord, Massachusetts- based Municipal Market Advisors, a financial research company, said in a telephone interview that he expected “hundreds and hundreds of municipal downgrades,” which may hurt investor confidence.

“Treasuries may be able to shake off a real impact from the downgrade,” he said. “Munis, I’m less sure about.”

S&P cited politics in negotiations to lift the debt ceiling and said lawmakers failed to reduce spending enough.

‘Least Disruptive’
The company said on July 21 that a U.S. downgrade based on a failure to come up with a “realistic and credible” plan to reduce its budget deficit would be the “least disruptive” scenario for municipal ratings. That’s because it would mean Congress avoided making significant cuts to the funding of municipal credits not directly linked to the federal government, S&P said.

Top-rated state and local governments wouldn’t automatically lose their top scores, the company said. It rates the general-obligation debt of nine states AAA. The country’s “decentralized governmental structure” calls for an independent review of state and local government credits, 3.9 percent of which have AAA ratings, S&P said in a report.

State and municipal governments that depend less on the national government for revenue and that manage their own books well enough to weather declines in federal funding may retain AAA ratings, S&P said. The company didn’t name such states or municipal governments in the report.

Issuance Slows
Municipal issuance has fallen amid the U.S. debt-ceiling impasse. The slump and signs of a slowing economy helped drive tax-exempt yields to the lowest this year. Scheduled debt sales total about $2.8 billion this week, the slowest August week since 2003, according to data compiled by Bloomberg.

For the municipal market, “the key is supply and demand,” more than ratings downgrades, said Ed Reinoso, chief executive officer of Castleton Partners in New York, which manages about $250 million for individuals.

The S&P action itself “was almost cosmetic,” he said in a telephone interview. “It doesn’t seem to have much impact.”

Yields on top-rated 10-year tax-exempt debt fell to 2.39 percent, the lowest since October, according to a Bloomberg Valuation index.

S&P, in lowering the U.S. from AAA on Aug. 5, cited the nation’s political process and said lawmakers failed to reduce spending enough in their deal to raise the debt ceiling. Moody’s Investors Service and Fitch Ratings affirmed their top ratings on Aug. 2, the day President Barack Obama signed the bill raising the debt ceiling and avoiding a default.

Similar to Moody’s
Any state and local government downgrades from S&P may be similar to potential rating cuts Moody’s mapped out last month, DeGroot said in his report. Moody’s on July 13 said a possible U.S. downgrade would affect 7,000 municipal credits totaling $130 billion that are directly linked to U.S. credit.

Moody’s also said it would review indirectly linked debt and last month said it may downgrade five of the 15 states it ranks Aaa because of their vulnerability to cuts in federal spending. The company wound up reaffirming those top ratings last week, assigning a negative outlook.

Officials in Maryland and Virginia, two states with economies tightly bound to the federal government, said they hadn’t heard from S&P since the U.S. downgrade and didn’t think any moves were imminent.

Patti Konrad, the director of debt management for Maryland, said it’s unclear what risks any federal budget cuts would deal to her state’s economy.

“I would think S&P would want to take some time,” she said. “We haven’t heard anything from them.”

Ric Brown, Virginia’s finance secretary, said his office hasn’t spoken to S&P in the wake of the U.S. credit rating cut. He said he anticipates that any move affecting the state would be based on how federal budget cuts would ripple through the economy, rather than any automatic triggers.

“It’s probably going to take a little bit of a while until they know specifically what’s on the table to assess that,” he said.

To contact the reporters on this story: Sarah Frier in New York at sfrier1@bloomberg.net; Michelle Kaske in New York at mkaske@bloomberg.net

To contact the editor responsible for this story: Mark

[Victor VE]

A prenderle la vela a Bernanke, que puede decir para convencer al mercado.

Muchi.......sisisisimo tiempo con intereses muyyyyyyyy bajos.

Comprar lo que sea

Bailar el twist, (operacion twist) canjear los bonos de 3 anios por 10 o 20 o 30 o por la eternidad

Rebajar los 0.25% de intereses que le paga a la banca por el exceso de sus reservas

-----------

Que haga las cuatro cosas a la vez, en caso alguna funcione.

Jajajajaja

[Ed_Alex]

se han percatado que el S&P cayo -6.66% ......?

S&P 500
1,119.46 -79.92 (-6.66%

[Comodoro]

Los graficos del dia,
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[Victor VE]

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[Victor VE]

Australia entró a positivo!!

[Ed_Alex]

Petroleo a $78.....

Oil tumbles below $78 amid US recession fears
Oil tumbles below $78 in Asia as global investors worry US could be headed for recession

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Alex Kennedy, Associated Press, On Tuesday August 9, 2011, 12:24 am
SINGAPORE (AP) -- Oil prices tumbled to their lowest in almost a year to below $78 a barrel Tuesday in Asia amid a global sell-off of equities and commodities triggered by investor fears the U.S. will soon fall into recession.

Benchmark oil for September delivery was down $3.48 to $77.83 a barrel, the lowest since September 2010, at midday Singapore time in electronic trading on the New York Mercantile Exchange. Crude fell $5.57, or 6.4 percent, to settle at $81.31 on Monday.

In London, Brent crude was down $4.68 at $99.06 per barrel on the ICE Futures exchange.

A downgrade of U.S. debt one notch from AAA to AA+ by Standard & Poor's announced Friday sparked investor panic this week. Oil traders often look to equities as a barometer of overall investor confidence, and Monday the Dow Jones industrials plunged 634.76 points, or 5.6 percent, the sixth-worst point decline for the Dow in the last 112 years.

[Victor VE]

El dolar devaluándose frente a todas las monedas

http://www.fxstreet.es/cotizaciones/mon ... empo-real/

[Victor VE]

Japan steel demand to surge on $180 bn reconstruction

TOKYO (Scrap Monster): Japan’s steel demand will increase at a higher rate due to reconstruction activities in the country. The rebuilding of infrastructure in the earthquake and tsunami-stuck region is estimated to cost around US$ 180 billion.

A projected 10% of this reconstruction cost will be for steel. Japan’s Ministry of Land, Infrastructure, Transport, and Tourism has asked companies involved in emergency housing and kit homes to increase their production for helping with the accommodation of nearly 390,000 people who are currently homeless.

The earthquake and tsunami caused widespread damage in Japan, inflicting heavy damage to roads, railways, ports, and industry infrastructure. These natural disasters also led to the outbreak of several fires and the collapse of a dam.

Reconstruction efforts are expected to pick up from the middle of the year, may boost demand for construction products including steel which, in turn, will boost demand for inputs such as iron ore and coking coal. Besides, hopes of other Asian steel producers capitalizing on reconstruction demand hinge on how quickly Japan is able to get uninterrupted power on stream for steel producers.

Moreover, Japan is a market rich in opportunities for suppliers of high quality and high value marine equipment, shipbuilding technology and services, and supplies to the shipping sector which will propel the future growth of steel demand.

Crude steel production in Japan recovered significantly in 2010 growing by around 25% against the previous year after witnessing a sharp decline in 2009. The growth observed in 2010 was due to the recovery of demand in domestic manufacturing industries and strong demand for high-grade steel from East Asia; thus, propelling output above 109 Million Metric Tons.

Japan has positioned itself as a strategic player globally as the second largest steel producer. Being an essential requirement for all infrastructural construction, the steel industry is closely linked with the development of the Japanese economy.

The continuous surge of steel consumption in the automobile, energy, construction, and consumer goods sectors has significantly improved growth prospects of Japanese steel industry. However, the industry is facing some serious threats from the negative impact of the global economic crisis and increasing competition from its foreign counterparts.