1. QUOTE from:
    Mortgage Madness
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    October 22 - Bloomberg: "Investor Jim Rogers took a 'senior consultant' position with China's Dalian Commodity Exchange because he is 'excited' about the exchange's efforts to grow. 'I expect China to become the commodity trading center of the world once they open their currency and open their economy,' Rogers said... 'I'm keen on all the three exchanges but I'm excited about what they're doing in Dalian.'" Yet another solid week for most commodities. Full Article at Safehaven
    Investor Jim Rogers took a 'senior consultant' position with China's Dalian Commodity Exchange because he is 'excited' about the exchange's efforts to grow. 'I expect China to become the commodity trading center of the world once they open their currency and open their economy,' Rogers said... 'I'm keen on all the three exchanges but I'm excited about what they're doing in Dalian.'
    SOURCE: Safehaven 1 month ago
All quotes from:
Mortgage Madness
  1. Britain had the biggest budget deficit for any September since records began in 1993 as the recession ravaged tax revenue and drove up welfare costs. The 14.8 billion-pound ($24.3 billion) shortfall compared with a deficit of 8.7 billion pounds a year earlier...
    SOURCE: Safehaven 1 month ago
  2. New Jersey taxpayers are sending almost $1 million a month to a partnership run by Goldman Sachs Group Inc. for protection against rising interest costs on bonds that the state redeemed more than a year ago. The... state is making the payments under an agreement made during... 2003...
    SOURCE: Safehaven 1 month ago
  3. John Meriwether is setting up a new hedge fund called JM Advisors Management... The new fund comes after Meriwether, who roiled global markets when Long-Term Capital Management LP collapsed in 1998, decided to shut his second hedge fund... JWM Partners LLC decided to close its main Relative Value Opport...
    SOURCE: Safehaven 1 month ago
  4. The Bank of Japan said the economy is improving in all of the country's nine areas as the nation emerges from its worst postwar recession.
    SOURCE: Safehaven 1 month ago
  5. Municipal bonds headed for their worst monthly performance in a year, as state agencies from California and Alabama plan to tap the debt markets for more than $750 million apiece... State and local government bonds have dropped almost 2% since Sept. 30...
    SOURCE: Safehaven 1 month ago
  6. U.K. gross domestic product unexpectedly dropped in the third quarter as enduring slumps in services, manufacturing and construction kept the economy mired in its longest recession on record.
    SOURCE: Safehaven 1 month ago
  7. Traders may face limits on positions they can take in the over-the-counter derivatives market, valued at $592 trillion, under a draft European Union proposal. The European Commission will propose rules giving regulators the authority to set limits 'to counter excessive price movements or excessive conce...
    SOURCE: Safehaven 1 month ago
  8. Brazilian hedge funds are luring more money than any type of investment pool in the country after record withdrawals last year... Local hedge funds attracted a net 33.7 billion reais ($19.7bn) this year through Oct. 15... Third-quarter inflows surged to 36.3 billion reais...
    SOURCE: Safehaven 1 month ago
  9. Vietnamese loan growth may exceed 30% this year and liquidity in the banking system will increase 25%, Prime Minister Nguyen Tan Dung said.
    SOURCE: Safehaven 1 month ago
  10. Freddie Mac... said defaults among its loans rose to another record high last month, while its portfolio of residential assets grew at an annualized rate of 7.3%. Mortgages at least 90 days late or in foreclosure among the single-family loans that Freddie Mac either owns or guarantees rose to 3.33% in S...
    SOURCE: Safehaven 1 month ago

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