13 novembre 2007
PETROLE/Les cours plongent, sous 90 USD à Londres, 91 USD à New York
source: Romandie
Après avoir frôlé la semaine dernière le seuil symbolique des 100 dollars (98,62 à New York et 95,19 dollars à Londres), les cours ont lâché presque huit dollars à New York et plus cinq dollars de Londres.
Un peu de répit ?
Inflation en octobre de mauvais augure pour le pouvoir d'achat des Français
source: afp
PARIS (AFP) - Nourrie par la hausse des prix des produits alimentaires et des produits pétroliers, l'inflation a atteint en octobre 2% sur un an, soit son plus haut niveau depuis mai 2006, au risque si elle perdure de rogner le pouvoir d'achat des Français et, à terme, la croissance.
U.K. Inflation Rate Increases to a Four-Month High
source: Bloomberg
Asian inflation poses a problem for us all
source: Financial Times
Rates of Asian consumer and asset price inflation, together with global commodity price trends, have begun to display strong correlations with foreign exchange reserve growth. The origin of the impending rise in US inflation can therefore be traced back to US monetary easing, via a chain of transmission that runs from a weak dollar through Asian policy settings and unsterilised foreign exchange reserve growth to global resource prices.
Housing market faces big slowdown
source: Financial Times
New buyer enquiries have been withering for almost a year, the Royal
Institution of Chartered Surveyors reported on Tuesday, and now the
first signs are emerging that home owners are rushing to try to sell
before the market tumbles. New stock on estate agents books leapt 8.8
per cent in October at the same time as newly agreed sales were lower
that at any time since April 1999 when Rics members were first asked
how their businesses were faring.
China's October Inflation Matches Decade High of 6.5%
source: Bloomberg
Nov. 13 (Bloomberg) -- Inflation in China, the world's fastest-growing major economy, accelerated in October as food prices jumped, increasing pressure on the central bank to raise interest rates for a sixth time this year.
Rising cost of crude oil pushes prices higher on a slew of consumer products
source: marketwatch
CHICAGO (MarketWatch) -- Let the consumer beware: Costs are going up on almost everything the average American family consumes.
Mortgage Loan Losses Pose Risk of Systemic Shock, Peters Says
source: Bloomberg
Nov. 13 (Bloomberg) -- There's a greater than 50 percent probability that the financial system ``will come to a grinding halt'' because of losses from mortgages, Gregory Peters, head of credit strategy at Morgan Stanley, said.
Treasury Market Inflation Anxiety Renewed by Dollar
source: Bloomberg
Nov. 13 (Bloomberg) -- For the first time in 18 months, the U.S. government bond market is showing growing anxiety that the plummeting dollar will result in runaway inflation.
Weak U.S. Dollar May Be `Checkmate' for the Fed: Caroline Baum
source: Bloomberg
What if it's both? What if the U.S. economy is facing the prospect of slower growth and higher inflation, a dual diagnosis requiring offsetting actions for each symptom?
Certainly that's where the risks lie, as Fed Chairman Ben Bernanke pointed out in congressional testimony last week.