Miercoles 04/04/12 Reporte del empleo privado ADP

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Europe, Africa, Middle East
EURO STOXX 50 PRICE EUR 2,431.11 -27.87
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ADP dijo que se crearon 209,000 empleos en el sector privado, en linea con lo esperado. Servicios creo 164,000, manufactura 23,000 empleos.

El euro esta en el suelo a 1.3138

Alemania -1.74%

Oil d own 102.83

Europa a la baja

-90

Los yields estan en 2.27%

Au down 1,627.30 ha bajado otro 2.78%

En el suelo.

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Yen down 82.43

El dolar muy fuerte esta maniana con las malas noticias del mundo, los yields de Espana suben considerablemente.

Francia -1.47%, Inglaterra -1.22%

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US brilla, pero su luz no alcanza para alumbrar a todo el mundo.

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Romney gana todas las primarias del dia de ayer y se convierte en el virtual nominado de los republicanos. Comienza la campania contra Obama. Que Dios lo ayude, los democratas no tienen bandera y estas elecciones van a ser algo asi como la campania de la mafia de Chicago contra Romney.

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El ECB dejo los intereses en 1%

Espana tenia planeado vender 3.5 billones de euros, solo puede colocar 2.59 billones. Los yields suben.

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Canada le gana a US y no en Hockey si no en impuestos, gasto y energia.

El gobierno conservador de Canada equilibrara su presupuesto para el 215 sin aumentar impuestos. La deuda Federal de Canada es el 28.5% de su economia, era 33.8%, aumentando la deuda de los estados es cerca a 66%, pero la direccion es correcta, mientras en US la tendencia es en aumento y se acerca a 70%.

REVIEW & OUTLOOKApril 3, 2012, 7:25 p.m. ET
Canada Beats America
And we don't mean in hockey. Try taxes, spending and energy.

Not too many years ago, Americans could get away with cracking jokes about spendthrift Canada, its weak dollar and the long wait for MRIs. These days, the joke is on Americans, as Canada's government has cleaned up its fiscal mess and focused on private economic growth.

The governing Conservative Party took another step forward last week with a pledge to balance the budget by 2015 without raising taxes. That's a year later than Prime Minister Stephen Harper pledged on the stump in 2011, but it sure beats America's four consecutive years of deficits of $1.3 trillion. Canada's federal debt as a share of GDP is forecast to fall to 28.5% in 2016–17 from 33.8%. Add in state debt and that number is closer to 66%, but the trend is in the right direction, while America's is heading toward 70% and rising.

Canada's progress isn't a political accident. Our northern neighbor has been liberalizing since the mid-1990s, under politicians of the right and left, and through better policies it dodged the government-supercharged housing boom and bust that sent the U.S. into recession.

Provincial governments led the intellectual way. Alberta's Ralph Klein in the 1990s cut taxes, slimmed government and created a stable investment climate. Saskatchewan's socialists, British Columbia and Ontario reformed too. The Harper government took power in 2006 and started to cut taxes, trim government employment and clinch free-trade deals. Canada's corporate tax rate is now 15%, compared with America's 35%.

Finance Minister Jim Flaherty explained that policies to "raise taxes, increase government spending, and shun new trading opportunities" would "kill jobs, impose crushing deficits, and cripple our economy." He will not be President Obama's next Treasury secretary.

Overall federal spending will continue to rise, but at a slower pace. Most notably, the budget proposes to raise the eligibility age to 67 from 65 for Old Age Security, starting in 2023, and it will also allow retirees to voluntarily defer benefits if they want to receive a higher payout later. A later retirement age, phased in over time, is precisely the kind of reform that the U.S. needs for Social Security and Medicare.

The budget also treats Canada's energy resources as national assets to be exploited—with as few delays as possible. Thus the budget proposes to eliminate overlapping federal and provincial environmental reviews for major projects. It proposes firm review timelines, including for projects that are already underway, such as the Northern Gateway pipeline from northern Alberta to the Pacific coast. Mr. Flaherty's catch phrase is "one project, one review." Contrast this with the multiple reviews that have stymied the Keystone XL pipeline from Canada and North Dakota's Bakken Shale to the Gulf Coast.

As America's recent performance proves, the wealth of a nation isn't guaranteed. Canada shows how mistakes can be reversed with sound policies.

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Esto tiene que ser un error: Argentina prohibe la importacion de libros.

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REVIEW & OUTLOOKApril 3, 2012, 7:25 p.m. ET
.No Kindle for Kirchner
In the age of the iPad, Argentina bans importing books.

The politics of Argentina get curiouser and curiouser. Now, Argentina President Cristina Kirchner is pursuing an economic policy that combines Ray Bradbury's book-banning novel "Fahrenheit 451" with Peter Sellers's prime minister in "The Mouse that Roared," wherein a tiny European duchy decides to solve its economic problems by declaring war on the U.S.

Mrs. Kirchner hasn't declared war on the United States. But in the age of the iPad and Kindle, she has banned the importation of books into Argentina. Seriously.

Last October, the government impounded 1.6 million commercially imported books. In the spirit of Mr. Sellers's Count Rupert of Mountjoy, Mrs. Kirchner's government has concocted a reason for this novel policy: Imported books are dangerous, but in a way even Ray Bradbury hadn't thought of.

Last month the Argentine government told retail customers of online booksellers such as Amazon that their imported books would be held up at airport customs until they went there personally and proved that the ink in the books contained less than 0.06% lead.

Argentine industrialists, like the loyal citizens of Grand Fenwick, applauded the measure. One explained the government's concern: "If you put your finger in your mouth after paging through a book, that can be dangerous." As of this weekend, only commercial importers are subject to the lead test.

What's going on in Argentina? Made-in-Argentina books are part of Mrs. Kirchner's master plan to make her country a manufacturing powerhouse. That can happen, her experts say, if imports are made uncompetitive and the nation is forced to buy from Argentina's local manufacturers. Aha.

We might note that another advantage to the book ban is it will help the country preserve its international reserves, which are dwindling because capital is fleeing the country in the wake of the government's confiscation of retirement accounts, vilification of foreign investors and destruction of the country's reputation as a mighty beef exporter.

But banning the import of dead-tree books in the era of the e-reader. That's a new one

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OIld own 102.56

Futures cu down 3.8230

-106

[eduforever]

por segundo dia el ORO se cae

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Empeorando, Alemania mas del 2% a la baja, 2.17%

-111

Libor igual 0.47%

Oil down 102.67

Francia -1.75%

Euro down 1.3120

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Au down -2.85%

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SCCO -2.75%

C -1.40%

ERX -3.19%

EDC -4.78%

RIO -3.47%

EGO -3.36%

PAAS -2.88%

AAPL -0.85%

FAS -3.28%

CAT -1.85%

F -1.66%

X -2.80%

EEM -1.69%

MSFT -0.81%

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Copper April 04,08:59
Bid/Ask 3.8175 - 3.8191
Change -0.0986 -2.52%
Low/High 3.8108 - 3.9176
Charts

Nickel April 04,08:57
Bid/Ask 8.1326 - 8.1376
Change -0.0363 -0.44%
Low/High 7.9870 - 8.1848
Charts

Aluminum April 04,08:59
Bid/Ask 0.9286 - 0.9294
Change -0.0127 -1.35%
Low/High 0.9277 - 0.9422
Charts

Zinc April 04,08:59
Bid/Ask 0.8986 - 0.8991
Change -0.0100 -1.10%
Low/High 0.8953 - 0.9126
Charts

Lead April 04,08:58
Bid/Ask 0.9083 - 0.9090
Change -0.0256 -2.74%
Low/High 0.9043 - 0.9346

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Ag down


Price: US$/Oz


Apr 4 2012 9:07AM NY Time
Bid/Ask 31.70 31.80
Low/High 31.58 32.56
Change -0.98 -3.00%
30DayChg -2.30 -6.76%
1YearChg -7.58 -19.30%