MinKL Invest: 05/16/11

Monday 16 May 2011

Nasdaq No Match for the Germans in Bid for New York Stock Exchange

5/16/11 at 09:29 AM

Photo: Spencer Platt/Getty Images

Nasdaq withdrew its $11 billion bid for the New York Stock Exchange, an attempt to scuttle a proposed deal between the NYSE and Germany's Deutsche Börse AG. Nasdaq, whose bid to buy the Big Board was under antitrust review by the DOJ, sounds more than a little bitter about it, saying that the company withdrew, "[w]hen it became clear that we would not be successful in securing regulatory approval for our proposal despite offering a variety of substantial remedies." Looks like there's one thing scarier than German ownership of an American citadel: having every U.S. stock listing in one place. [WSJ]

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

Massive Debt Means Weaker Dollar | Bob Chapman The International Forcaster |

http://theinternationalforecaster.com/International_Forecaster_Weekly/Massive_Debt_Means_Weaker_Dollar_for_Years_to_Come

The elitists who run America from behind the scenes have serious problems in trying to keep a badly damaged financial and economic system afloat. Ironically, these same characters are the ones responsible for the system and the condition that it is in today. It is not only confined to the US, but it prevails in England, Europe and other counties as well. Central bankers are all in constant touch with each other to employ tactics that will extend the current system in the hope that something they are doing will turn into at least a temporary solution. The US maintains virtually zero interest rates and floods the economy with money and credit. The European Central Bank, the ECB, raises interest rates, but continues injecting money and credit into the system. In Europe the higher interest rates are supposed to offset the inflation caused by the increase in money and credit. On the short term it isn’t going to work. On the long term much higher rates will work, if the increase in money and credit is lowered or stopped. The unpalatable problem with that is this medicine will collapse their economies. All these parties should have purged the system in the early 1990s when they had the chance, or just three years ago, when they had another chance to do so. The result is the inflation we see today, 6% in Europe, 12% in Britain and 10% in the US. The path these bankers have laid out will lead to hyperinflation and ultimately to deflationary depression. The approaches employed by both the US and Europe won’t work and the elitists know they won’t work. Historically these conditions are nothing new. We have seen them over and over again. More often the solution is to have another war, which can take the blame for the monetary, fiscal and economic profligacy and at the same time relieve the world of copious useless eaters.

Real inflation is now at about 10% based on earlier formulas, as opposed to present official government doctored figures. These are close to the numbers of the1980s. Officially those numbers were 10%, but we were there and the numbers were 14%. We expect real inflation of 14% or more by the end of the year as QE1 and stimulus 1 effects play havoc with consumer purchasing power. Presently the PPI, the Producer Price Index, is 10% and that same figure applies to the cost of imported goods as well. As long as interest rates remain at zero and the creation of money and credit continues, inflation will climb ever higher. The Fed tells us that there will be no change in rates until after September. The Fed just observed the ECB raising rates. The next rise was set for June and we have already been told that won’t happen. Except for Germany all of the EU, not just the euro zone, is faltering. Europe and the US may not see higher rates until inflation exceeds 25% next year. As long as interest rates remain below the real rate of inflation little will be accomplished to bring inflation under control. These numbers are all within the confines of QE1 and QE2 and stimulus 1 & 2. We see no way to avoid QE3. Who will buy the Treasury’s debt? That being the case inflation three to four years out could reach 50%. Needless to say, rates would have to exceed 50% to slow down the economy and that would eventually entail a deflationary depression. During such a process as rates reached a peak, commodity prices would falter and begin to reverse. Gold and silver would lose their assisting inflationary impetus, and their course would depend on the strength of currencies. Both could strongly represent the only real money as they have in the past. We won’t know the final outcome until we get there, because many other factors could enter the equation, such as world war.

Higher oil and food prices cannot go on indefinitely nor can the creation of money and credit. Much higher prices would collapse demand and higher rates might not be needed. We are sure of one thing world trade will diminish as all this goes forward and we believe it is only a matter of time before the un-level playing field of trade prompts congressional action to institute tariffs on goods and services. China is a major exporter to the US, but they have tariffs. As an example, they have a 30% to 50% advantage in the sale of luxury boats. That is certainly deliberate and such action can only invite retaliation eventually. China has had it all their way for 15 years due to US debt problems. Now that China is reducing its US dollar-denominated position they have lost a great deal of leverage. If they indiscriminately dump dollars they will shoot themselves in the foot.

China already has very strong inflation. Raising bank reserves and interest rates have yet to arrest inflation, but at the same time such actions strengthen the yuan, China’s external currency. China also has its problems. They have made many of the same mistakes that the US and Europe have made. China, even though they are deeply involved in the use of commodities, will become victims of their higher prices that will be passed on in the form of inflation and higher export prices. China will as well become a major exporter of inflation. The question then arises, will commodities rise too quickly and will they collapse, which would stem inflation? The answer is we don’t know. If prices rise at a moderate pace that might not happen. We won’t know until we get there. As you should know economics is not an exact science, it is an art form.

The US then has the issue of 22% unemployment, much of which consists of permanently unemployable and discouraged workers who are existing on welfare of one kind or another. We have lost nine million jobs over the past 11 years to free trade, globalization, offshoring and outsourcing. Many of those companies and jobs would return to America. It is not a cure-all, but it would certainly help. In many instances time has raced ahead of many of the unemployed and their skills are no longer in demand, or technology has left them behind. The evolutionary process has been interrupted deliberately by shipping some of the best jobs overseas for profit for transnational conglomerates, who pay no taxes on those profits and destroy the structure of manufacturing and services.

Wages are increasing in baby steps as price inflation rages at 10%. Except in certain areas in certain countries inflation is high in most countries and very high in some, like the UK and the US. The Fed says such inflation is temporary. Three years ago it was 14%. Inflation fell to 6% and now at 10% it is climbing to 14% by year end and that is only the effect of QE1 and stimulus 1. Next year we’ll see the inflation of QE2 and stimulus 2 taking it to 25% to 30%. A QE3 could take inflation to 50%. What do workers do then - starve while Wall Street and banking scoop up billion dollar bonuses? Purchasing power will not expand to augment these conditions. The government and banking will not be unhappy as debt will be repaid with deeply depreciated dollars as those dollars plunge in value not only versus other currencies, but more importantly versus gold and silver. Keynesians live in cloud coo-coo land. Purchasing power will not expand and commodities have not and will not increase in cost at a moderate rate, but at an exponential rate. We could very well be looking at another Weimar experience, only time will tell. To think that official inflation will peak at 10% is totally irresponsible. We are already at 10% via the 1980 formula.

As a result of massive debt there is a weak dollar. A reflection of that is the threat that over the next two years the US could lose its AAA rating. S&P says there is a 1/3 chance that they’ll lower the rating after the next election. The collusion between S&P, Washington, banking and Wall Street is simply criminal. This is the same S&P that was never indicted for bond fraud regarding the false ratings they put on mortgage securities.

The answer from Treasury’s Mr. Geithner as he spoke at the Council on Foreign Relation, CFR, was that there was no risk of downgrading. He has instructed congressional leaders to bring down the budget deficit and set it on a declining path. The problem is that won’t happen until 2015, three and a half years from now. Most Americans and most investors worldwide didn’t read or hear about what Mr. Geithner had to say because little is reported to the outside world of what goes on in the inner sanctum of the nefarious CFR. Mr. Geithner, “Our policy has been and will always be for a strong dollar that is in the best interest of America.” He said, we will never weaken our currency to gain economic advantage at the expense of our trading partners. Of course that is not true, but on the other hand other nations, since WWII have all deliberately depreciated their currencies to gain economic and export advantage. The US never said much regarding such cheating until recently regarding China. The cheaters bought the US’s massive debt so it tended to be an even swap. In recent years it has been secret policy to force the dollar lower. This is the Orwellian world we live in. All nations are equal, but some are more equal than others. This is the stamp of realization that government has become dictatorial socialism. The Fed is supposed to have a policy of stability and maximum employment. All the Fed does is save the financial sector from insolvency and purchase government debt with money created out of thin air, unemployment is still 22% and inflation is 10%. That doesn’t sound like a successful policy to us. Stability has proved elusive with oil up 23% and the CRB commodity index up almost 9%. A good part of higher prices for petroleum products has been a lower dollar, which has fallen more than 7% as of late. This is a reflection of the corporate fascist model, which unfortunately is practiced in most every nation today. Government is married to corporations and all policy serves those corporate interests. The crumbs are thrown to the people. All in that realm are too big to fail. Thus, the tightening noose of totalitarianism engulfs the people as you are now seeing in the US. This control planning gives Wall Street and banking a big advantage in competing with the public. They do not use inside information; they create it. That is how brokers can go three months without losing money in trading. They know what is going on inside, others do not. These interests own 95% of Congress, so corporations have stimulus programs on demand. Then there are the sweetheart loans from the Fed to the banks, and the purchase of toxic waste mortgage bonds from these lending institutions. This process had led to instability and massive inflation and will continue to do so.

The IMF must move with the economic times

To replace Dominique Strauss-Kahn, the IMF should look to China or India to reflect the tilt in the axis of growth

http://www.guardian.co.uk/commentisfree/2011/may/16/imf-dominique-strauss-kahn

Michael Burke
guardian.co.uk, Monday 16 May 2011 15.04 BST
Article history

File photo of IMF Managing Director Strauss-Kahn

Dominique Strauss-Kahn in Berlin last year. His arrest came at a crucial time for the IMF – during talks for a new Greek bailout. Photograph: Tobias Schwarz/Reuters

The allegations against Dominique Strauss-Kahn have highlighted some of the worst facets of British journalism. Some newspapers have simply ignored the story, presumably on the grounds that the International Monetary Fund is a faraway body of which we know little, while the former broadsheets have tended to revel in the mix of high finance and "high jinks", even though the incident involves a charge of a serious sexual crime.

The background coverage of the role of the IMF is equally unedifying, with the televised detention of the IMF chief seemingly just an interruption to the process of agreeing another bailout for Greece. The IMF was holding its latest biannual meeting with representatives of 187 countries, which registered further snail-like towards recognising the shifting economic balance of power in the world economy.

The fund had previously agreed to double its capital (or quotas) to $756bn, and a series of fast-growing countries led by China and India are increasing their quota to partially reflect their increased weight in the world economy. This is at the expense of the much slower economies of the old G7 grouping, including the US, Japan, Germany, France, Britain, Italy and Canada, who see their quota and voting power reduced.

There has also been a gradual breakdown in the so-called Washington Consensus, which was supported by the IMF, the World Bank and the US treasury department. This has been a crusading ideology, championing an end to capital controls and in favour of lower state spending, privatisations and reduced pay and living standards to bolster competition.

The repeated and disastrous failures of these policies in Africa, Asia and Latin America did little to dent the ideology until the costly default of Argentina in 2002. As the whole preceding period had been an exercise in implementing Washington Consensus economics, there was nobody else to blame when it failed so spectacularly and drove Argentina into bankruptcy.

This was echoed in the recent crisis in all the western economies. Not only did the IMF fail to foresee the biggest economic crisis since the depression of the 1930s, but also its own shibboleths of deregulation, free movement of capital and reduced taxes and government spending contributed to it.

Temporarily, at least, most western governments abandoned these failed nostrums simply to avert economic catastrophe. The IMF has shifted uncomfortably to adapt to the new situation, even boasting in one recent publication that "we have worked closely with governments to protect and even extend social spending".

Elsewhere, authoritative IMF research has shown both howcounterproductive government spending cuts will be and how increased government investment provides the answer to the economic crisis

http://www.guardian.co.uk/commentisfree/2011/may/16/imf-dominique-strauss-kahn.

Bob Chapman - LibertyRoundTable / Sam Bushman - 05-16-2011

Bob Chapman : we just saw the head ofthe IMF french politicians economist and professor Dominique Strauss Kahn has been charged o attempted rape among other things
in a hotel , years ago he tried that on Marine LePen among others finally somebody blowed the whistle on him

Big Borrowed Bucks for Starbucks Coffee

May 16, 2011

Watch full episode 147 of Keiser Report on Tuesday. This week Max Keiser and co-host, Stacy Herbert, report on coffee speculators and crude plunges. In the second half of the show, Max talks to Reggie Middleton of BoomBustBlog.com about banking industry as the new tobacco industry and about the price of the bailout as the economic future of the United States.
KR on FB: www.facebook.com/KeiserReport

May 13, 2011 – This Chart Keeps Me Awake at Night

Featured Trades: (THIS CHART KEEPS ME AWAKE AT NIGHT)

2) This Chart Keeps Me Awake at Night. The forest and the trees are the constant dilemma facing traders on hedge fund desks, the exchange floor, the commodities pits, or behind PC’s at home. While spending all day focusing intently on the tree in front of them with a magnifying glass, they miss the fact that a forest fire is raging all around them.

So let me step back and let me give you the 90,000 foot view of what is going on here. Check out the chart below showing the S&P 500 index for the past 14 years. This is what a lost decade looks like up close and ugly; a very broad sideways trading range. Notice that the range in the second peak is wider than the first. This is a sign of increasing volatility in global financial markets. Will the third peak be wider still? My bet is yes.

Trace the smoking gun to its source and you find the fingerprints of hedge funds and high frequency traders all over it. But there are more players in this crime scene than just them. Like a chapter from Agatha Christie’s Murder on the Orient Express, everyone is guilty. You can blame two wars that are bleeding us white, the doubling of the national debt during the 2000’s, the rising leverage in our society as a whole, our country’s declining role in the world economy, and the falling American standard of living.

Until I see proof otherwise, the US is well into its second lost decade. If that is really the case, then stocks at this level are about to come crashing down to earth once again. Can Ben Bernanke work some hocus pocus and keep things levitating a little longer? I am waiting with baited breath, and keeping my finger on my mouse, ready to hit the SELL button.

From Up Here….

This is What I see

Euro Funnel: 'Spain too big to fail'

RussiaToday on May 16, 2011

The latest efforts to prevent eurozone members and the single currency falling into the financial abyss begin later. European ministers will meet to discuss the effectiveness of bailouts for Portugal and Greece. Concerns have been raised that the measures are not working in Greece. While Portugal's crumbling economy is desperate for a 78 billion euro rescue package. Across the border in Spain, there were outbreaks of violence during protests against austerity cuts as the country struggles to deal with record-high unemployment. And as RT's Sara Firth reports, Madrid could be next in line for an EU handout.
For more on the European bailouts, RT talks to Javier Diaz-Gimenez Professor of Economics at the University of Navarra, who is in Madrid.
RT on Facebook: http://www.facebook.com/RTnews
RT on Twitter: http://twitter.com/RT_com

Gerald Celente: Raping - part of IMF business

RussiaToday on May 16, 2011

The head of the International Monetary Fund has been charged with sexual attack, attempted rape and unlawful imprisonment. New York police pulled Dominique Strauss-Kahn from a plane minutes before he was due to fly to Paris, and questioned him on suspicion of assaulting a hotel maid. RT talks to Gerald Celente, the director of the Trends Research Institute in New York.
RT on Facebook: http://www.facebook.com/RTnews
RT on Twitter: http://twitter.com/RT_com

Mastering the Dividend Drill: VIDEO: Morningstar's Josh Peters addresses the questions every investor needs to ask before buying an equity for yield

Mastering the Dividend Drill: VIDEO: Morningstar's Josh Peters addresses the questions every investor needs to ask before buying an equity for yield
Jeremy Glaser, Markets Editor for Mornigstar.com, discusses the best way to evaluate dividend stocks with Josh Peters, the editor of Morningstar's US publicationDividendInvestor. It is all about asking the right questions in your equity analysis, says Peters. Thus, he has constructed a methodology which seeks to answer the following: (1) Is the dividend safe? (2) Will it grow? (3) What's the return? Peters goes on to explain how he evaluates if an equity meet these three criteria.

Jeremy Glaser: From Morningstar.com. I am Jeremy Glaser: What's the best way to evaluate dividend stocks? Morningstar DividendInvestor editor Josh Peters is here today to answer this question.

Josh, thanks for talking with me today.

Josh Peters: Thanks Jeremy, good to be here.

Glaser: So, for someone who is taking a look at a stock and primarily wants to get yield from it, what are the steps that he should take in order to evaluate it?

Peters: Well, my process is really based on the idea of getting the questions right and knowing which questions to ask about a specific business when you're looking at it for the first time and then subsequently as you're evaluating it. Those questions are, if anything, more valuable than the answers. Anytime you make an investment, no matter how conservative or how much you are trying set aside speculation, you are making projections about the future because that's where your profits lie. Your dividend payments, your capital gains, everything.

In order to frame the question about the uncertain future, I think you have to have a good question. And that's why about six years ago, when DividendInvestor was still very new, I broke the whole process down into three questions that I call my Dividend Drill. All of the three questions are about the dividend. That's mostly what I'm interested in; that's what I expect not just to provide income but also drive the stock performance. So I ask: Is the dividend safe? Will it grow? And what's the return?

Glaser: So let's start with safety. How do you evaluate if a dividend is going to be safe or not?

FOR MORE GoTo http://www.morningstar.co.uk/uk/news/articles/97954/Mastering-the-Dividend-Drill.aspx

Gold Mania in the Yukon

Shawn Ryan outside Whitehorse, Yukon Territory.

By GARY WOLF

Published: May 11, 2011

http://www.nytimes.com/2011/05/15/magazine/mag-15Gold-t.html?_r=1&ref=magazine

When I first met Shawn Ryan and Cathy Wood, in 2005, they were living with their two young children in a small cabin outside Dawson City, at the northernmost end of the paved road system in Canada’s Yukon Territory. It was a beautiful site in the summertime, with clear water lapping the banks of the Klondike River and the sky still bright at midnight. But the sun hit their roof for the last time each year in early December and didn’t show up again for six weeks. Temperatures in the dead of winter could reach 50 below zero. Wood sometimes feared that their children would freeze. Back then Ryan and Wood already knew they had found gold, but they didn’t have proof.
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Finlay MacKay for The New York Times
A rock sample from one of Shawn Ryan's first gold discoveries in the Yukon.
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Recently, I went to see them again in their new home in Whitehorse, the territorial capital, and I sat with Ryan one night as he talked business over the phone. His right arm was stretched around the back of his head, holding his BlackBerry to his left ear. “Those guys were at 6 cents a share last year, now they are over a buck, and they got nothing,” he said. “When you look at it, it’s like a hundred claims.” The shares Ryan was talking about belonged to a mineral-exploration company, one of his many competitors. The claims are mining claims, a government license to extract minerals from a 50-acre patch of wilderness. To Ryan, a hundred claims is pathetic. He and Wood own more than 35,000 claims. “We just passed Luxembourg, and over the summer we’ll be the size of Samoa,” he continued, describing just one of his projects. Credible estimates of the amount of gold still buried in his properties run to the billions of dollars.
Ryan is the king of a new Yukon gold rush, the biggest since the legendary Klondike stampede a century ago. Behind this stampede is the rising price of gold, and behind this price is fear. As the Federal Reserve keeps interest rates very low to stimulate the economy, gold bugs make nightmarish predictions that loose money and a huge federal deficit will crush the value of the dollar and bring ruinous inflation. Gold holds its value when national currencies collapse and is easily imported and universally traded. It feels like the perfect investment for the apocalypse. A few weeks ago, gold passed $1,500 an ounce, an astonishing level. George Soros warned of a bubble back when gold was barely over $1,000. Glenn Beck cried that the run was just beginning: just wait until the United States is bankrupt and the real trouble starts. Gold bulls talk of $2,000 gold, $5,000 gold, even $10,000 gold. But 10 years ago, when Ryan made his first discoveries, nobody cared at all.
Ryan has been in the woods his whole life. At age 15, he was snaring foxes, martens and mink near Timmins, Ontario, where his father worked in a mine. Trapping in Canada is regulated through licenses called trap lines, and Ryan didn’t have a trap line of his own, he just went where he pleased. This is called poaching, and eventually he was caught. Instead of turning him in, the trapper he was poaching from put him to work. Ryan would skin animals until midnight, then go to school without bathing. Looking back, he understands why he was socially isolated. In his 20s, Ryan came west to work a trap line of his own in the sparsely populated expanse of the Yukon, but his plan changed when he learned about mushrooms.
Twenty years ago there was a kind of gold rush in mushrooms that enticed itinerant pickers to make a long circuit through British Columbia, Alaska and the Yukon, collecting chanterelles, matsutakes and morels. The market was driven by demand in Paris and Tokyo, and brokers built a network of little buying stations wherever mushrooms were fruiting. It was cash on the ground, and the pickers taunted one another with stories of thousand-dollar days. Ryan eventually settled near Dawson, once the roaring center of the Klondike gold fields, now a community of about 2,000 people surrounded by wilderness and close to good morel-picking territory.
Ryan met Wood in 1992 at the height of the mushroom season. He was down in Whitehorse shopping for supplies when he noticed a young woman standing outdoors in spangled tights selling bundles of sage. Wood, who was from New Brunswick, had been working for a Toronto bank, but she didn’t like it. After she quit, she took her savings and rode across the continent on a motorcycle. By the time she got to Whitehorse, her cash was gone. When Ryan walked up, she was reorganizing the last of the sage into smaller packets so she wouldn’t run out of stock before something else turned up. He was a striking person, compact and strong, with hair braided nearly to his waist. And he had a good thing going: the banks of the White River should be thick with morels. Did she want to come pick with him?

FOR MORE GoTo http://www.nytimes.com/2011/05/15/magazine/mag-15Gold-t.html?_r=1&ref=magazine

All information on this website is for educational purposes only and is not intended to provide financial advise. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold MinKL Invest harmless in any and all ways.

What to Expect From the Week Ahead -13May

What to Expect From the Week Ahead

Dea Markova, 13/05/11 18:45

http://www.hemscott.com/news/comment-archive/item.do?id=132871

Next week, we will be hoping for some certainty on the Greek debt fiasco and dissecting the records from the Bank of England’s and the Fed's latest rate-setting meetings

The ‘progress’ of Greece’s debt crisis will likely be the prime focus of attention at the start of next week. After Greek officials on Tuesday denied rumours that Athens will hastily receive a EUR 60 billion bailout, all eyes will be on the eurozone finance ministers’ meeting this coming Monday. Sovereign debt issues are also likely to dominate the agenda of the subsequent EU summit on Tuesday.

Meanwhile, the President of the European Council Herman van Rompuy will be on a four day state visit in China. State intervention on EU sovereign debt markets is a probable topic of discussion during this visit, as China has played a key role in buying up Spanish and Portuguese government bonds in the past months.

Expectations that any of these meetings will provide a panacea for the eurozone debt crisis are low. “Debt reorganisation [in Greece] will be far from easy,” Morningstar Markets Editor Jeremy Glaser recently wrote, while reminding us that “the political will to throw money at this problem is likely waning” and “voters are sick of bailouts.” Acknowledging the significant challenges in resolving and containing the Greek debt tragedy, Glaser did not rule out the possibility that Greece leaves the eurozone.

Equity markets have thus far showed a relative resilience amid the European sovereign debt chaos. However, the added uncertainty and amounting fears that the Greek problem will drag on will surely continue to be a source of market volatility.

Elsewhere, there will be a number of economic data announcements of note next week. Japan is to release machine orders and industrial production for March on Monday and Thursday, respectively, in addition to its Tertiary Industry Index for March on Wednesday. These figures will add to investors’ understanding of how the country’s economy has responded to the March 11 earthquake. At the end of the week, the central bank of Japan will issue its May base interest rate decision.

Closer to home, Tuesday’s May UK CPI data will provide some additional context for ongoing monetary policy and inflation discussions, as will the latest Bank of England’s MPC meeting minutes, due on Wednesday. We saw the Bank lower its growth forecast this Wednesday and project above-target inflation until end-2012. Investors will be looking to see how these changing views have been reflected in monetary policy discussions.

Across the pond, key economic announcements are expected on Tuesday with the US Industrial Production for April and on Wednesday with the US’s own FOMC meeting minutes. In addition, there will be US housing market data of note released on Tuesday and Thursday.

On the corporate announcements front, reporting season is winding down, but few major events will keep investors busy. Among these, Aviva (AV.) and Vodafone (VOD) are updating the market on Tuesday, Cairn Energy (CNE) and Experian (EXPN) on Wednesday and National Grid (NG.) and SABMiller (SAB) on Thursday.

Monday
UK Corporate Announcements
Cranswick (CWK) preliminaries, ITE Group (ITE) interims, Lamprell (LAM) IMS
International Economic Announcements
Japan: Machine Orders for March, Consumer Confidence for April, March Survey of Commerce
Eurozone: CPI for April, Trade Balance for March
US: Empire State Manufacturing Survey for May, NAHB Housing Index for May

Tuesday
UK Corporate Announcements
Aviva (AV.) IMS, Babcock International Group (BAB) preliminaries, Biofutures International (BIP) preliminaries, Capital Shopping Centres Group (CSCG) IMS, Derwent London (DLN) IMS, Enterprise Inns (ETI) interims, Keller Group (KLR) AGM, Vodafone Group (VOD) preliminaries
UK Economic Announcements
CPI for April, DCLG House prices for March
International Economic Announcements
Eurozone: German ZEW Survey for May
US: Housing Starts and Building Permits for April, Industrial Production for April

Wednesday
UK Corporate Announcements
Cairn Energy (CNE) IMS, Compass Group (CPG) interims, CPP Group (CPP) IMS, Experian (EXPN) preliminaries, ICAP (IAP) preliminaries, Land Securities Group (LAND) preliminaries, Mothercare (MTC) preliminaries,
Ex-dividend Date
FTSE 100: Admiral Group (ADM), HSBC Holdings (HSBA), J Sainsbury (SBRY)
FTSE 250: Bellway (BWY), Carillion (CLLN), Cookson Group (CKSN), Derwent London (DLN), Home Retail Group (HOME), Inchcape (INCH), The Morgan Crucible Company (MGCR), The Restaurant Group (RTN), WH Smith (SMWH)
UK Economic Announcements
Minutes of the May Bank of England MPC Meeting, Jobless Claims Change for April, Average Weekly Earnings and ILO Unemployment for March
International Economic Announcements
Japan: Tertiary Industry Index for March
Eurozone: Construction Output for March
US: Minutes of April FOMC Meeting

Thursday
UK Corporate Announcements
Booker Group (BOK) preliminaries, Dairy Crest Group (DCG) preliminaries, Euromoney Institutional Investor (ERM) preliminaries, Grainger (GRI) interims, Invensys (ISYS) interims, Investec (INVP) interims, Marston's (MARS) interims, National Grid (NG.) preliminaries, Premier Oil (PMO) IMS, SABMiller (SAB) preliminaries, TalkTalk Telecom Group (TALK) preliminaries
UK Economic Announcements
Retail Sales for April, CBI Trends in Total Orders and Selling Prices for May
International Economic Announcements
Japan: 1Q GDP, Industrial Production for March
US: Weekly Jobless Claims, Existing Home Sales for April, Leading Indicators for April, Philadelphia Fed Survey for May

Friday
UK Corporate Announcements
Mitchells & Butlers (MAB) interims, Scottish & Southern Energy (SSE) preliminaries
International Economic Announcements
Japan: Bank of Japan Target Rate, Convenience Store Sales for April, All Industry Index for March
Eurozone: Current Account for March and German Producer Prices for April

MinKL Invest

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Monday 16 May 2011

Nasdaq No Match for the Germans in Bid for New York Stock Exchange

Nasdaq No Match for the Germans in Bid for New York Stock Exchange

Massive Debt Means Weaker Dollar | Bob Chapman The International Forcaster |

The IMF must move with the economic times

The IMF must move with the economic times

Bob Chapman - LibertyRoundTable / Sam Bushman - 05-16-2011

Big Borrowed Bucks for Starbucks Coffee

May 13, 2011 – This Chart Keeps Me Awake at Night

May 13, 2011 – This Chart Keeps Me Awake at Night

Euro Funnel: 'Spain too big to fail'

Gerald Celente: Raping - part of IMF business

Mastering the Dividend Drill: VIDEO: Morningstar's Josh Peters addresses the questions every investor needs to ask before buying an equity for yield

Gold Mania in the Yukon

Gold Mania in the Yukon

By GARY WOLF

Published: May 11, 2011

http://www.nytimes.com/2011/05/15/magazine/mag-15Gold-t.html?_r=1&ref=magazine

Multimedia

Finlay MacKay for The New York Times

Readers' Comments

What to Expect From the Week Ahead -13May

What to Expect From the Week Ahead

WORLD