Archive for October 23rd, 2012

Larry's Blog

Fact Check: Has U.S. Employment and GDP Growth Been Abnormally Poor Under Obama?

October 23, 2012

The U.S. economy had experienced recession already for thirteen months when Barack Obama became the 44th U.S. president on January 20, 2009, and the rate of contraction was then in its most virulent stage at 8.9% in the final three months of 2008 and 5.2% in the first quarter of 2009.  With such a self-feeding […] More

Central Bank Watch

Bank of Canada Policy Unchanged as Expected

October 23, 2012

Canada’s overnight money rate target has been at 1.0% since three 25-basis point increases were implemented in June, July, and September of 2010.  A new statement released today  Reaffirms that 25-month-long interest rate level. States that the slowdown of global activity has been roughly in line with what officials were expecting. Makes only marginal modifications […] More

Central Bank Watch

Sri Lankan Monetary Policy Not Changed

October 23, 2012

Officials at the Central Bank of Sri Lanka left their repo and reverse repo rates unchanged at 7.75% and 9.75%, respectively, after this month’s policy review.  A new statement called the current stance tight, appropriate, and effective in slowing private credit expansion and containing inflation.  On-year credit growth has slipped below 30% for the first […] More

New Overnight Developments Abroad - Daily Update

Stocks Falter in Europe

October 23, 2012

Share prices have dropped 0.9% in Germany, 0.8% in Britain, 0.6% in Italy and France and 0.5% in Spain.  In the Pacific Rim earlier, equities declined by 1.3% in China, 0.8% in South Korea, 0.5% in Taiwan, 0.4% in India and 0.3% in Indonesia but rose 0.7% in Hong Kong, 0.4% in New Zealand and […] More

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