tradingwcs

Inflation fell in May to its lowest since the beginning of 2008, but remained higher than most economists expected. The smaller than expected fall in consumer price inflation from 2.3 per cent in April to 2.2 per cent last month, compares to economists’ expectations for a drop to 2 per cent. However, the retail price index fell [...] Read Full Story

Inflation fell in May to its lowest since the beginning of 2008, but remained higher than most economists expected. The smaller than expected fall in consumer price inflation from 2.3 per cent in April to 2.2 per cent last month, compares to economists’ expectations for a drop to 2 per cent. However, the retail price index fell by 1.1 per cent in May compared with prices a year ago, the Office for National Statistics reported on Tuesday. The fall was the second consecutive month of annual... Read Full Story

Two of the nation’s most powerful bank regulators were once again at each other’s throats. At a public meeting three weeks ago, John C. Dugan, the comptroller of the currency, blasted a proposal to impose stiff new insurance fees on banks as unfair to the largest banks, which he regulates. The financial crisis stemmed in part [...] Read Full Story

Two of the nation’s most powerful bank regulators were once again at each other’s throats. At a public meeting three weeks ago, John C. Dugan, the comptroller of the currency, blasted a proposal to impose stiff new insurance fees on banks as unfair to the largest banks, which he regulates. The financial crisis stemmed in part from problems at small banks, he insisted. Sheila C. Bair, chairwoman of the Federal Deposit Insurance Corporation and the regulator for many smaller, community... Read Full Story

Turn the corner on 145th Street in Jamaica, Queens, and it is as though a cyclone has wheeled through. One resident, Lakisha Brown, a hospital worker and mother of two, snatched her house back from foreclosure last month, if only temporarily. “We need to sell fast,” she says. “I’m just trying to save what’s left of [...] Read Full Story

Turn the corner on 145th Street in Jamaica, Queens, and it is as though a cyclone has wheeled through. One resident, Lakisha Brown, a hospital worker and mother of two, snatched her house back from foreclosure last month, if only temporarily. “We need to sell fast,” she says. “I’m just trying to save what’s left of my credit.” Across the street in this black middle-class neighborhood, Patrick Nicholas, a surgical technician in blue scrubs, shakes his dreadlocks and shrugs. He rents but is... Read Full Story

Stranded by the nationwide slump in housing and jobs, fewer Americans are moving, the Census Bureau said Wednesday. The bureau found that the number of people who changed residences declined to 35.2 million from March 2007 to March 2008, the lowest number since 1962, when the nation had 120 million fewer people. Experts said the lack of [...] Read Full Story

Stranded by the nationwide slump in housing and jobs, fewer Americans are moving, the Census Bureau said Wednesday. The bureau found that the number of people who changed residences declined to 35.2 million from March 2007 to March 2008, the lowest number since 1962, when the nation had 120 million fewer people. Experts said the lack of mobility was of concern on two fronts. It suggests that Americans were unable or unwilling to follow any job opportunities that may have existed around... Read Full Story

All those wise heads who have been calling the end of the bear market will have to wait just a little longer before being able to say “I told you so” as the FTSE 100 delivers a rather alarming setback to start the week. Once again the failure of the of the FTSE at the all important combination point of the 50 day moving average and the line of Resistance at 3,950 dating back from January 2009 means that the wise ones amongst us would be best served to give this market the benefit of the... Read Full Story

All those wise heads who have been calling the end of the bear market will have to wait just a little longer before being able to say “I told you so” as the FTSE 100 delivers a rather alarming setback to start the week. Once again the failure of the of the FTSE at the all important combination point of the 50 day moving average and the line of Resistance at 3,950 dating back from January 2009 means that the wise ones amongst us would be best served to give this market the benefit of the... Read Full Story