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08 Jun 09

‘Stagflation Scenario’ Stalks U.S. as Commodity Prices Jump - Bloomberg.com

The S&P GSCI Total Return index,

www.bloomberg.com/...news - Preview

bloomberg economy

  • The S&P GSCI Total Return index, which tracks metals and
    agricultural commodities as well as energy, has surged 39
    percent since touching an almost seven-year low on Feb. 18.

U.S. Stock Futures Drop as Energy, Raw-Material Producers Fall - Bloomberg.com

  • The cost of borrowing in dollars between banks rose the
    most in almost three months, according to the British Bankers’
    Association. The London interbank offered rate, or Libor, for
    three-month loans jumped two basis points to 0.65 percent today,
    the BBA said. It was the biggest increase since March 10.


    Libor-OIS


    The Libor-OIS spread, a measure of the unwillingness of
    banks to lend, widened almost three basis points to 42 basis
    points.

01 Jun 09

California Leads Nation to Bond Default Abyss: Kevin Hassett - Bloomberg.com

  • After all, the reasoning goes, they can always raise
    taxes to pay off debt. Even a gridlocked legislature might act
    if California gets too close to the edge.
  • the problem first becomes visible
    when all the lenders disappear.
  • 5 more annotations...

Treasuries, Dollar ‘Only Game in Town’ as China Buys (Update3) - Bloomberg.com

  • Goldman Sachs Group Inc., one of the 16 primary dealers
    required to bid at the Treasury’s debt auctions, estimates that
    the U.S. may borrow a record $3.25 trillion this fiscal year
    ending Sept. 30, almost four times the $892 billion in 2008.
  • Geithner arrived in Beijing yesterday with a pledge to
    control borrowing as he sought to reassure China its holdings of
    U.S. government debt are safe. “No one is going to be more
    concerned about future deficits than we are,” he told reporters
    on the way to two days of meetings in China’s capital.
  • 1 more annotations...
29 Apr 09

Oil floods Rotterdam port

The Organization of Petroleum Exporting Countries, accounting for about 40 percent of global supply, agreed to cut output three times since September as demand crumbled. Oil prices have plunged 66 percent from a record $147.27 a barrel reached in July.

Rotterdam can store 11.9 million cubic meters of crude, port data from 2007 show. That’s equal to about 75 million barrels or enough to supply the 27-nation European Union for about five days.

Some on-shore storage tanks for oil products are either full or have no unreserved space available

www.bloomberg.com/...news - Preview

bloomberg oil

20 Apr 09

Greenspan slept on toxic debt

Greenspan Slept as Off-Books Debt Escaped Scrutiny (Update1)

www.bloomberg.com/...news - Preview

bloomberg bailouts toxic

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