• US House passes the package extending the Bush tax cuts (AP)
• US leading indicators jump 1.1% in November, suggest economy will strengthen early in 2011 (AP)
• Moody's slashed Ireland's credit rating by five notches, to Baa1 from Aa2 (Reuters)
• General Electric expects its businesses to show solid earnings growth in 2011 (WSJ)
• US current account deficit increased to $127.2 billion, or 3.5% of GDP in Q3 of 2010 (ESA)
• Fed will maintain the target range for the federal funds rate at 0 to 1/4% (Federal Reserve)
• A federal judge ruled key part of Obama's healthcare overhaul as unconstitutional (WSJ)
• US factory output grew for the fifth straight month increasing 0.4% in November (AP)
• US retail sales in November 2010 were $378.7 billion, an increase of 0.8% from October (ESA)
• China's central bank left rates unchanged despite another jump in consumer inflation (Reuters)
• Chinese consumer prices rose 5.1% in November to a 2-year high, year-over-year growth at 9.6% (AP)
Chart Of The Week
The 10-year Treasury peaked at 3.57% this week, the highest since May of this year. This could be the first sign of inflation slowly and finally creeping in on us. Higher rates for savers are still far off though and we sometimes forget what the current rates mean in historic perspective. Take a look at the chart below to get a a sense of what Bill Gross was hinting at when he predicted the end of a 3 decade long bull run in Bonds.
As we are nearing the end of the year, the media tends to lock back at what has been. Here’s a slightly abstract albeit rational look at a possible world 10 years from now. Please consider: The shape of the world in 2020
Quite different from the doom & gloom that we usually get inundated with, here’s a really upbeat view of the world. Please consider this great video featuring Hans' Rosling’s unique view of the progress during the past 200 years.
Good luck and good investing!
Neither the information nor any opinion contained in this communication constitutes a solicitation or offer by us to buy or to sell any securities, futures, options or other financial instruments or to provide any investment advice or service. Each decision by you to do any investment transactions and each decision whether a particular investment is appropriate or proper for you is an independent decision to be taken by you. In no event should the content of this communication be construed as an express or an implied promise, guarantee or implication by or from us that you will profit or that losses can or will be limited in any manner whatsoever. Past results are no indication of future performance. Please note that there is no requirement and no commitment to make any payments to FX Investment Strategies LLC in order to access our published information be it via email or via website publication. All information is publicly available without any required monetary consideration. Any payments or donations made by you are deemed to be voluntary and cannot be considered as payments for investment advice given to you.