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DJ Bank Of Canada Keeps Overnight Rate Tgt Steady At 2.50%
Expected was increase to 2.75%
testing signature
s
Always keep in mind longer term daily, weekly and monthly charts. I don't watch them all the time, but I always know what the long term trend is or if we are range bound. That is essential for currency trading!!!
For my entries, my short term charts and indicators vary depending on the situation. You have to find your own charts suitable for your trading character. Really. You can check the charts of following currency board (but don't post there, since your posts will get deleted)
http://www.investorshub.com/boards/board.asp?board_id=2512
I agree on posting at least entry and stop prices. Imho it is completely useless posting trades without...
greets
s.
Anybody still in this/here?
W.House: Borrowing to Help Fund Social Security Plan
Mon Dec 6, 3:00 PM ET
Top Stories - Reuters
By Adam Entous
WASHINGTON (Reuters) - The White House said on Monday for the first time that President Bush (news - web sites)'s plan to add personal retirement accounts to Social Security (news - web sites) would be financed in part by new government borrowing that could top $1 trillion.
Bush has made reform of the U.S. retirement program a top priority in his second term and will push for creating private accounts in a meeting later in the day with top congressional leaders.
Bush's economic advisers have been analyzing financing options for more than a year. But the White House, until now, had declined to say that borrowing would be used to cover the transition costs. Experts say Bush has few other options because of record federal budget deficits. The president has ruled out tax increases.
"There will be some upfront transition financing that will be needed to move toward a better system that will allow younger workers to invest a small portion of their own money into personal savings accounts," White House spokesman Scott McClellan said.
Asked if transition costs, estimated at between $1 trillion to $2 trillion, would be financed by government borrowing, he added: "That's what you're looking at doing as part of the transition to a better Social Security system."
McClellan declined to say how much borrowing would be needed. "I'm not committing to any cost estimate at this point, because that's based on the plan that the president endorses," he said.
Bush's economic advisers believe a short-term increase in borrowing is economically feasible, and that the cost of doing nothing would be far greater in the long term. While the nation's debt load would increase initially, it would fall as the reforms are phased in, advocates say.
Democrats have vowed to protect Social Security from "privatization" by Bush and his Republican allies in the U.S. Congress. They warn that the nation's mounting debt load could become a drag on economic growth.
McClellan countered: "The Social Security system is unsustainable. It needs to be fixed."
He said it would cost $10 trillion "if we do nothing... It will lead to either massive tax increases or massive benefit cuts for younger workers."
A recent analysis by the White House Council of Economic Advisers found that tapping the bond markets to pay for private accounts would increase the nation's debt-to-GDP (news - web sites) ratio by 23.6 percentage points by 2036.
Under this scenario, the debt held by the public would increase by as much as $4.7 trillion. But the new government bonds would be repaid 20 years later, eliminating Social Security's unfunded liability while reducing the tax burden in the long term, advocates said.
"The president, at this point, has not endorsed a specific plan," McClellan said.
But Republicans say the Bush administration favors a plan that would allow workers to voluntarily redirect 4 percent of their payroll taxes up to $1,000 annually to a personal account.
Under this scenario, bond proceeds would make up for diverted payroll tax funds and shore up the Social Security system. The bonds would be gradually paid off using future savings from Social Security as benefits growth slowed, officials said.
Bush opposes raising taxes or making changes for those at or near retirement, the White House said.
The White House had once hoped that budget surpluses, projected in 2000 at $5.6 trillion over 10 years, would fund the transition period. But those surpluses have vanished.
The federal budget deficit hit a record of $412 billion in the 2004 fiscal year that ended Sept. 30, and the Congressional Budget Office (news - web sites) has projected $2.3 trillion in accumulated deficits over the next decade.
http://story.news.yahoo.com/news?tmpl=story&cid=564&ncid=564&e=2&u=/nm/20041206/ts_n...
12-06-04 1641ET
*DJ Viva Wyndham Resorts Buys Samana Resort For $20M
Dollar running now?
Intervention watch
DJ Chile Peso Ends Weaker On Brazil Forex Intervention
12/06/2004
Dow Jones News Services
SANTIAGO (Dow Jones)--The Chilean peso closed weaker against the dollar Monday, in reaction to the Brazilian central bank's intervention in the currency market, according to traders.
The currency closed at CLP581.75 to the dollar, weaker than its CLP579.60 close Friday, after trading in a broad CLP577.50-583.20 range.
The peso opened stronger, at CLP579.00, and quickly weakened on a European bank's dollar purchases. It then continued sliding after the Brazilian monetary authority made a "modest," by traders' estimates, greenback buy.
The Andean currency often trades in sync with its Brazilian counterpart. The real also often plays a key role in peso trading as the Brazilian currency is an important short-term indicator of investor confidence in Latin America.
In addition, the peso reacted to copper prices falling for the fifth-consecutive session. Chile is world's largest copper producer, accounting for 30% of global output. Falling copper prices reduce export revenue inflows to the local currency market, traders said.
In the local bond market, the benchmark peso-denominated, inflation-indexed, eight-year PRC closed at a yield of 2.76%, compared with 2.67% Friday.
Rates rose in line with market expectations of a central bank 25-basis-point interest rate hike, to 2.50%, at its monthly monetary policy meeting scheduled for Thursday.
The 20-year PRC closed at a yield of 3.32%, compared with 3.30% Friday.
feel free,
I still like the idea of having a heated up trading board and one for more deeper analysis.
Anyway, great would be if everybody who posts trades here states their entry, stop loss and limit. Helps for T/A.
"The first thing Trichet needs is support from his colleagues -- if only the head of the ECB says he doesn't welcome this, it's not enough," she said. "We have to have a choir of all the ECB talking together, and only if this doesn't work will we have an intervention."
I expect a joint intervention by FED, ECB and maybe some asian banks not before the EUR/USD is at 1.45. That was the price of the "calculated-back-then-Euro" in 1980 and 1992. At least that would give them the advantage of moving with technical players. So keep an eye on that level.
sylvester
Gold is a good hedge, however, lately the Euro starts to act as a refugee camp for global currency players. Just recently asian countries increased their Euro holdings. While I am not really excited about the Euro economy, the ECB does everything to keep the Euro as hard as possible. Too many old man being afraid of inflation. Imho partially the wrong policy...
chwdrhed,
no pick for today, sorry, LOL. For the time being my attention is more on currencies anyway. At the moment I am trying to revive a currency board for that (http://www.investorshub.com/boards/board.asp?board_id=2236). Will see how it goes...
s.
Hi,
a couple of month ago I kind of missed a real currency board here on IHub. So I helped populate one some time ago, well it fell asleep soon.
Just days ago I revived it without knowing this board here which I discovered today. You people here have a great momentum going. I will go on posting some of my currency trades here in the future.
I added a link to this board here in my iBOX:
http://www.investorshub.com/boards/board.asp?board_id=2236
Anyway, I like it systematic and have a suggestion for you guys. Use this board here as a technical currency board and for posting entry and exit trades. Use the other board for posting articles and backround information (fundamental) on currencies.
That would give it some more structure, also if you post a link in your iBOX to the other board we might get some synergy effects.
What do you think?
Greets
s.
I am so sorry. you have been closer to 225 before.
yeah, the jail, I was just passing through....
Ahhh, the smell of free air, advertisment free. Great.
Guys, it's worth to work your way out jail...
thx
Kapeesh! I agree with you and don't do it again.
(it wasn't arguing, I was summarizing my case for the record on the prison wall in one of those lonely solidary confinment nights. Forget about it... )
See, at the time of my postings I was unaware my posts would be considered spamming.
Before I posted on those boards, many of which I have bookmarked, I carefully read their iBox. Basically I wanted to be sure, that that kind of information is not only not forbidden, but also strongly encouraged to post and matching the underlying idea of the board (being ON-topic). In case I wasn't assured by the iBox or by the type of common posts on that board I didn't post since I wanted to avoid spamming.
I also made sure by the means of a board search, this information/stock wasn't posted on the board already. For that reason I didn't post on the Early Bird for example since that stock was mentioned already and I would consider that spamming.
Furthermore I looked at the regular posters on the boards. If some would show up en masse on another board besides the one I posted already, I wouldn't post, because those people would probably feel spammed. Well, nobody is perfect anyway.
As you can see I did a lot of work to get myself into jail. LOL. Well, many of those boards would have posted that stock news in the course of the day anyway, throught volume alerts, price alerts etc, since they always did in the past on similar occasion. Basically I wanted people trading this kind of things to take a look at the stock early. I didn't hype them into shorting or buying, just mentioning some essential news, essential because it marks the shift of a company from a money loosing semi company into a money making IP company imho. I didn't see it as hype or spamming.
Now, after I got jailed I reread the TOU. 2 definitions of spam could indeed be used to classify what I did as spam:
1. Posting excessively on one or more message board(s); Continually posting the same or similar information;
Well, you have to admit that this paragraphs are somewhat "elastic" and don't constitutes exact rules of behavior. For example it doesn't state the exact number of same posts allowed, does it? Also as for my interpretation "excessively" definately means more than 1 post a board. "Continually" imho involves a repetitive process that goes on through time after an initial action, but nowhere doesn't it state "few" or "2-3 boards" for the initial action. As far as I know no moderator deleted any of my post as spam.
Well I would even suggest that 10-20 postings per hour about one stock on one board by different posters looks to be matching that "Continually posting the same or similar information;"-rule closer than posting one message on 10-20 boards by one poster.
Now I really don't want to argue about the rules, but simply show you that I know the difference between spam and sharing the news. And while I don't agree with your interpretation of it, I will guarantee you, that i will respect them from now on. So whenever I feel the urge again of spreading the news (might happens once in a couple of years), I make sure that the main part of the message will contain a unique part On-topic to each boards rules, but please don't jail me for a repetitive "signature".
s.
ok matt, so what's the deal for posting one message on a few boards?
@Ruellit, Fred, campe, timhyma
Thanks for your support here, I really appreciate it. As for my handicap of 3 posts a day, I just stuck this in here instead of answering each one of you. Guess a peoplemark is the best in this digi world (in case you didn't had one already from me).
so long.
s.
GBP/USD - what a run lately. All other USD crosses looked kind of stuck compared to this.
Looks like it was kind of caused by extreme EUR outflow into GBP...
Aradigm Corporation to Present at Robins Small-Cap Life Sciences Investor Conference
Business Wire - December 02, 2004 09:00
HAYWARD, Calif., Dec 2, 2004 (BUSINESS WIRE) -- Aradigm Corporation (NASDAQ: ARDM) announced today that Dr. Bryan Lawlis, President and Chief Executive Officer will present at the Robins Small-Cap Life Sciences Investor Conference in New York on December 7, 2004.
Dr. Lawlis is scheduled to present at 1:15 p.m. EST at the Lotus Club, located at 5 East 66th Street.
This conference presentation is being webcast and can be accessed at: http://www.catalystresearch.com.
The Robins Small-Cap Life Sciences Conference will feature small-cap life sciences companies expected to perform well in 2005.
Bradley Pharmaceuticals, Inc. kicks off the conference at 9:00 a.m. EST. Other presenting companies include Cardiotech International, Inc., LifePoint, Inc., and Curon Medical, Inc..
The conference is open, free of charge, to the professional investment community and will be moderated by Marc Robins, CFA, founder of The Robins Group (an Institutional Broker Dealer) and Robins Media.
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
CDN
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
(I thought I post this here since TMTA was in the Nas Penny Groovers list a couple times...)
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
The way many small caps are behaving since last Thanksgiving week, this news could give us a multiday rally...
s.
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could see nice momentum break out...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could be nice momentum break out play...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could be nice momentum break out play...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could be nice momentum break out play...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
could be nice momentum break out play...
Transmeta (TMTA) -> licensing news today
http://www.investorshub.com/boards/read_msg.asp?message_id=4707825
Numba 2
Transmeta Licenses Advanced Power Management and Transistor Leakage Control Technologies to Fujitsu
Business Wire - December 02, 2004 06:00
Transmeta Licenses Its LongRun2 Technologies to Fujitsu for use in Multiple Process Generations
SANTA CLARA, Calif., Dec 2, 2004 (BUSINESS WIRE) -- Transmeta Corporation (Nasdaq:TMTA), the leader in efficient computing, today announced that Transmeta's advanced LongRun2(TM) technologies for power management and transistor leakage control have been licensed to Fujitsu Limited. Fujitsu will utilize Transmeta's LongRun2 technologies for use in Fujitsu's current and future generation semiconductor products.
Transmeta's LongRun2 technologies address the problems of excessive chip heat and transistor leakage, which pervade the semiconductor industry and are expected to get progressively worse as successive manufacturing technologies scale down to smaller dimensions. Transmeta's advanced LongRun2 technologies are expected to improve semiconductor devices by reducing total chip power, reducing standby power, reducing burn-in power, and potentially improving chip performance and reducing manufacturing costs. LongRun2 technologies build upon Transmeta's first generation LongRun(R) power management technology, which pioneered the dynamic adjustment of MHz and voltage, hundreds of times per second, to reduce power consumption. LongRun2 technologies extend this approach by dynamically adjusting transistor threshold voltages to control transistor leakage. This dynamic control reduces leakage caused by changes in runtime conditions, such as voltage and temperature, which are not predetermined when the chip is manufactured.
"Fujitsu has achieved a performance leadership position with its 90nm CMOS technology node, featuring an industry leading transistor with a 40nm gate length. In reaching for even smaller transistor geometries, Fujitsu saw that transistor leakage would become a critical issue to solve," said Matthew R. Perry, president and chief executive officer of Transmeta. "We're pleased that Fujitsu recognizes Transmeta's LongRun2 Technologies as having advanced new approaches to attacking the transistor leakage problem in order to achieve greater power efficiency."
"Transmeta is well known for its focus on Efficient Computing," said Toshihiko Ono, group president of Fujitsu Limited's Electronic Devices Business Group. "By working closely together with Transmeta, we expect to combine the capabilities of our high performance technologies and their low-power expertise for the benefit of our ASIC, CPU and foundry customers."
"Transmeta's LongRun2 technologies are a major practical innovation designed to address the leakage problem facing the industry and will enable continued scaling of semiconductors to smaller geometries," said Bijan Moslehi, Ph.D., chief technology officer of The Noblemen Group and senior vice president of the Noblemen Semiconductor Technology Research Division. "The implementation of these ground-breaking technologies will benefit licensees by increasing semiconductor performance, providing better yields and ultimately driving down manufacturing costs in the future."
Transmeta's Efficeon TM8800, which recently began initial production, is manufactured in a state-of-the-art 90nm CMOS process technology at Fujitsu's Electronic Devices Business Group's Akiruno Technology Center in west Tokyo. By using this advanced process technology, the initial 90nm TM8800 shipments feature clock speeds of up to 1.6GHz while maintaining low power operation. The first versions of the LongRun2-enhanced TM8800 are expected to sample later this year, featuring further reductions in active and standby power.