Viernes 08.31/12 Bernanke hoy dia

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Viernes

Eventos economicos

PMI de Chicago
Sentimiento del consumidor
Habla Bernanke
Ordenes de fabricas
Precios de los agricultores

Chicago PMI
9:45 AM ET


Consumer Sentiment
9:55 AM ET

Ben Bernanke Speaks
10:00 AM ET



Factory Orders
10:00 AM ET


Farm Prices
3:00 PM ET

[admin]

Treasurys Price Chg Yield %
2-Year Note 0/32 0.263
10-Year Note 0/32 1.628
* at close

8:05 p.m. EDT 08/30/12Futures Last Change Settle
Crude Oil 94.62 0.00 94.62
Gold 1658.2 1.1 1657.1
E-mini Dow 12984 2 12982
E-mini S&P 500 1397.00 0.00 1397.00

8:15 p.m. EDT 08/30/12Currencies Last (mid) Prior Day †
Japanese Yen (USD/JPY) 78.56 78.63
Euro (EUR/USD) 1.2513 1.2507
† Late New York trading.

[admin]

Copper August 30,13:59
Bid/Ask 3.4230 - 3.4242
Change -0.0026 -0.08%
Low/High 3.4080 - 3.4718
Charts

Nickel August 30,13:59
Bid/Ask 7.2808 - 7.2826
Change -0.0692 -0.94%
Low/High 7.1988 - 7.4326
Charts

Aluminum August 30,13:59
Bid/Ask 0.8290 - 0.8297
Change -0.0053 -0.64%
Low/High 0.8247 - 0.8388
Charts

Zinc August 30,13:59
Bid/Ask 0.8222 - 0.8230
Change -0.0074 -0.90%
Low/High 0.8153 - 0.8358
Charts

Lead August 30,13:58
Bid/Ask 0.8807 - 0.8819
Change -0.0077 -0.86%
Low/High 0.8792 - 0.8943

[admin]

Asia-Pacific
Index Name Value Change % Change Time
Nikkei 225 8,983.78 -86.03 -0.95% 02:28:01
Hong Kong Hang Seng Index 19,552.91 -235.60 -1.19% 04:01:30
S&P/ASX 200 4,315.67 -40.77 -0.94% 02:20:00

[JorgeCDM]

Estimada Administradora, a que hora habla el Tio Ben?

[admin]

A las 10:00 a.m., yo no se por que hay tanto alboroto por esa sesion, Bernanke no va actuar maniana, dira seguramente que estan listos para actuar si es necesario.

[admin]

La deflation se acentua en Japon. Nunca saldran de ella.

[admin]

Hablaron maravillosamente Clint Eastwood, Marco Rubio en la convencion republicana, ahora Mitt Romney esta hablando, ojala sea el proximo presidente de US. Este pais ya no da para 4 anios mas con Obama. Ya no da mas.

[admin]

El dilema de Bernanke sobre su legado

Bernanke no esperaba que tenia que dar otro discurso como el que tiene que dar el Viernes.

Hace pocos meses el Fed parecia estar en piloto automatico mientras la economia se recupera. Muchos de los miembros del Fed esperaban que ya no tenian que lanzar complicados programas para ayudar a la anemica economia. Pero Mr. Bernanke y sus colegas, una vez mas estan preocupados por el crecimiento lento y el pequenio avance en la creacion de empleos y estan formulando nuevamente una nueva dosis de estimulo monetario en la proxima reunion de mediados de Setiembre.

Asi es como este Viernes cuando Bernanke hable en la reunion anual, el debera una vez mas considerar que es lo que el Fed puede hacer para que la economia mejore y si vale la pena implementar mas controversiales nuevos programas. El ha venido diciendo que estos esfuerzos son justificados y pareceria que lo mencionara en su discurso.



Bernanke's Dilemma Over His Legacy

By JON HILSENRATH
JACKSON HOLE, Wyo.—Fed Chairman Ben Bernanke wasn't expecting he would have to make another speech like the one he will deliver here Friday.

A few months ago the Federal Reserve seemed to be on cruise control as the economy healed. Many officials at the central bank hoped they were done with launching complicated programs to spur a sluggish economy. But Mr. Bernanke and his colleagues, once again disappointed by slow growth and small employment gains this year, are formulating another new dose of monetary stimulus to be considered at their next policy meeting in mid-September.

So when the chairman speaks Friday morning at the central bank's annual retreat here, he must once again address whether there is more the Fed can do to get the economy going and whether it is worth taking chances on controversial new programs. All along he has argued these efforts are worth it and appears likely to stick to that line in his speech.

Beyond big issues of the moment—such as whether the Fed will launch a new bond-buying program—a broader question looms in Jackson Hole about Mr. Bernanke's legacy. Long after his term as chairman ends in 17 months, will he be remembered as the Fed chief who did too little to combat high unemployment or the one who did too much and unleashed inflation and financial instability with the actions he took? Critics make both arguments.

How Mr. Bernanke acts now depends in part on which he sees as the stronger critique. As an academic before joining the Fed, Mr. Bernanke often criticized central bankers for dealing too passively with financial crises and economic malaise. As Fed chief, he has confronted many limitations to the policies he controls.

Smoke Signals
Analysts will scrutinize Fed Chairman Ben Bernanke's address Friday for clues to the central bank's thinking. A look at some of the chairman's previous Jackson Hole speeches—and what followed:


Associated Press

Mr. Bernanke in Jackson Hole, Wyo., on Aug. 27, 2010.
."I believe that additional purchases of longer-term securities, should the FOMC choose to undertake them, would be effective in further easing financial conditions. However, the expected benefits of additional stimulus from further expanding the Fed's balance sheet would have to be weighed against potential risk and costs."

Aug. 27, 2010. A few months later, the Fed launched more stimulus efforts, known as 'quantitative easing' or QE2

"The Federal Reserve has a range of tools that could be used to provide additional monetary stimulus…We will continue to consider those and other pertinent issues… at our meeting in September."

Aug. 26, 2011. Within weeks of the speech, the Fed launched its 'Operation Twist' program of bond-buying
.Dallas Fed President Richard Fisher—a foe of more easing but a fan of Mr. Bernanke—says the Fed chairman is likely to deliver an academic commentary Friday on the costs and benefits of Fed actions.

The chairman's remarks at Jackson Hole are always "supposed to be something thoughtful and to provide context and I think he does that extremely well," Mr. Fisher said in an interview this week.

Investors are hoping for more than that. They want clear guidance about what the Fed will do next, though Jackson Hole hasn't been a staging ground in the past for big policy pronouncements.

The Fed adjusts interest rates to influence the economy: low rates typically fuel economic growth by spurring borrowing, spending and investment, while high rates do the opposite. With short-term interest rates pinned near zero, the Fed is deploying other tools, including long-term bond-buying and jawboning on rate plans to stimulate markets and the economy.

The Fed signaled strongly in the minutes of its Aug. 1 policy meeting that in September it is likely to offer new assurances that interest rates will stay low beyond 2014 and that it is seriously considering more bond purchases. One issue Mr. Bernanke might clear up on Friday: Whether U.S. economic data since that meeting—some of it modestly stronger—has changed his outlook.

More on Jackson Hole
Real Time Economics: Fed's Lockhart on QE3
Economists React: What to Expect From Jackson Hole
Real Time Economics: Who's In and Who's Out
.Mr. Bernanke has argued that when the Fed buys long-term Treasury securities or mortgage bonds, it pushes down long-term interest rates and pushes up prices of assets such as stocks. Fed officials also believe the purchases help weaken the dollar. The combination of lower interest rates, higher stock prices and a weaker dollar spurs spending, investment and exports, top Fed officials believe.

Economists who have looked at the Fed's bond-buying programs don't see them producing big improvements in economic activity and some say the effects wear off over time.

The Fed has purchased more than $2.3 trillion of bonds since 2009, yet the economy expanded at a paltry 1.7% annual rate in the second quarter and unemployment was 8.3% in July, according to government data.

Goldman Sachs chief U.S. economist Jan Hatzius estimates that a $500 billion bond-buying program would boost growth by 0.2 percentage point for a year and bring down the unemployment rate by 0.1 percentage point. Alan Sinai, chief economist at Decision Economics, estimates such a program would boost growth by 0.3 percentage point and bring down the jobless rate 0.2 percentage point.

Yet they are both for more bond buying.

"It's minimal but it's something," Mr. Sinai said.

Messrs. Hatzius and Sinai said Mr. Bernanke risks being remembered as having acted boldly to stabilize the financial system in 2008, but then moving too timidly during the weak recovery. They argue the Fed should launch an open-ended bond-buying program that would grow if the economy stays weak, which officials are considering.

Others say the Fed underestimates the costs of easy money. William White, former head of the monetary department at the Bank for International Settlements in Basel, Switzerland, says in a paper for the Dallas Fed that easy-credit policies have spurred a succession of financial bubbles over decades and made fiscal authorities complacent about bringing down budget deficits.

"Simply following ultra-easy monetary policy is not the solution to the problem," he said

[admin]

Treasurys Price Chg Yield %
2-Year Note 0/32 0.259
10-Year Note -1/32 1.632
* at close

10:44 p.m. EDT 08/30/12Futures Last Change Settle
Crude Oil 94.64 0.02 94.62
Gold 1656.6 -0.5 1657.1
E-mini Dow 12993 11 12982
E-mini S&P 500 1397.75 0.75 1397.00

10:54 p.m. EDT 08/30/12Currencies Last (mid) Prior Day †
Japanese Yen (USD/JPY) 78.49 78.63
Euro (EUR/USD) 1.2514 1.2507
† Late New York trading.

[admin]

7:26 a.m. EDT 08/31/12Treasurys
    Price Chg Yield %
2-Year Note   0/32 0.263
10-Year Note   -5/32 1.646
* at close
7:17 a.m. EDT 08/31/12Futures
  Last Change Settle
Crude Oil 95.27 0.65 94.62
Gold 1662.7 5.6 1657.1
E-mini Dow 13062 80 12982
E-mini S&P 500 1406.00 9.00 1397.00
7:27 a.m. EDT 08/31/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 78.57 78.63
Euro (EUR/USD) 1.2584 1.2507
† Late New York trading.

[admin]

Bid/Ask 3.4345 - 3.4353
Change +0.0116 +0.34%
Low/High 3.4197 - 3.4434
Charts

Nickel August 31,07:19
Bid/Ask 7.2856 - 7.2906
Change +0.0048 +0.07%
Low/High 7.2557 - 7.3278
Charts

Aluminum August 31,07:19
Bid/Ask 0.8256 - 0.8260
Change -0.0034 -0.41%
Low/High 0.8238 - 0.8306
Charts

Zinc August 31,07:19
Bid/Ask 0.8212 - 0.8214
Change -0.0010 -0.12%
Low/High 0.8195 - 0.8248
Charts

Lead August 31,07:19
Bid/Ask 0.8880 - 0.8883
Change +0.0074 +0.84%
Low/High 0.8806 - 0.8916
Charts

[admin]

Europe, Africa, Middle East
EURO STOXX 50 PRICE EUR 2,436.95 +33.14
(1.38%) 07:15
FTSE 100 INDEX 5,752.86 +33.40
(0.58%) 07:14
CAC 40 INDEX 3,422.95 +43.83
(1.30%) 07:16
All Europe, Africa, Middle East Indexes
European News
Asia-Pacific
NIKKEI 225 8,839.91 -143.87
(-1.60%) 02:28
HONG KONG HANG SENG INDEX 19,482.57 -70.34
(-0.36%) 04:01
S&​P/​ASX 200 4,316.11 +0.43
(0.01%) 02:20

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http://online.wsj.com/public/page/espanol-inicio.html

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9:05 a.m. EDT 08/31/12Treasurys
    Price Chg Yield %
2-Year Note   0/32 0.263
10-Year Note   -3/32 1.638
* at close
8:56 a.m. EDT 08/31/12Futures
  Last Change Settle
Crude Oil 95.74 1.12 94.62
Gold 1664.4 7.3 1657.1
E-mini Dow 13092 110 12982
E-mini S&P 500 1409.25 12.25 1397.00
9:06 a.m. EDT 08/31/12Currencies
  Last (mid) Prior Day †
Japanese Yen (USD/JPY) 78.36 78.63
Euro (EUR/USD) 1.2614 1.2507
† Late New York trading.