Federal Reserve policy makers saw "substantial" risks to the slumping economy last month as they cut the benchmark interest rate to a record low and pledged to expand emergency loans if necessary.
Central bank officials believed ''the economic outlook would remain weak for a time and the downside risks to economic activity would be substantial,'' according to the minutes of the Dec. 15-16 Federal Open Market Committee meeting released today in Washington. Some officials saw "the distinct possibility of a prolonged contraction" stemming partly from stresses in financial markets.
Some policy makers last month saw "significant risks that inflation could decline and persist for a time at uncomfortably low levels," the minutes said. Price increases will probably "continue to abate because of the emergence of substantial slack in resource utilization and diminishing pricing power."
U.S. employment fell by 500,000 jobs in December, bringing last year's decline to 2.4 million, the most since 1945. President-elect Barack Obama yesterday called for a record stimulus to prevent the recession from deepening. His plan aims to create or save 3 million jobs and may cost about $775 billion.
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Tuesday, January 6, 2009
Monday, January 5, 2009
S&P 500 day trading course S&P 500 emini futures jan 6
S&P 500 day trading course live room emini futures education coach levels of support and resistance for, Http://www.tradingonlinemadeEasy.com with break outs, break downs, point of control in live day trading room. The Money Maker Edge™ system. Jan 6 Online Trading course SP500 emini futures, Mini Dow, Oil futures, gold, and currencies.
Sunday, January 4, 2009
Saturday, January 3, 2009
S&P 500 day trading course S&P 500 emini futures weekly chart jan
Weekly looks like the retrace will last two to four weeks with highs coming in at previous support before it fell off the cliff.
S&P 500 day trading sp500 emini futures jan daily
Can you see where the retrace is heading? They say the first days of January determine the year.
I think this is the first time it will contradict this trend.
It looks like we could retrace quite a bit here.
GM dealers and market share Market makers pulling another hat trick
GM alone has 6,426 dealers. Toyota, with U.S. sales equaling about 85% of GM's, has just 1,461 dealers.
go figure.......
go figure.......
Friday, December 19, 2008
S&P 500 day trading S&P 500 emini futures Dec 19 am
Looking for it to fill the gap at 83Chance of making a H&S,
who wants to hold in to the weekend?
is this the end of the Christmas Rally?
Low volume, watch out for fast moves.
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