Archives of “economic downturn” tag

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U.S debt to rise to $19.6 trillion by 2015

  
Analysis, Economy, Education
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June 8 (Reuters) – The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress.

 The report that was sent to lawmakers Friday night with no fanfare said the ratio of debt to the gross domestic product would rise to 102 percent by 2015 from 93 percent this year.

“The president’s economic experts say a 1 percent increase in GDP can create almost 1 million jobs, and that 1 percent is what experts think we are losing because of the debt’s massive drag on our economy,” said Republican Representative Dave Camp, who publicized the report.

He was referring to recent testimony by University of Maryland Professor Carmen Reinhart to the bipartisan fiscal commission, which was created by President Barack Obama to recommend ways to reduce the deficit, which said debt topping 90 percent of GDP could slow economic growth.

The U.S. debt has grown rapidly with the economic downturn and government spending for the Wall Street bailout, the wars in Afghanistan and Iraq and the economic stimulus. The rising debt is contributing to voter unrest ahead of the November congressional elections in which Republicans hope to regain control of Congress.

The total U.S. debt includes obligations to the Social Security retirement program and other government trust funds. The amount of debt held by investors, which include China and other countries as well as individuals and pension funds, will rise to an estimated $9.1 trillion this year from $7.5 trillion last year.

Hendry takes a big bet on China crash

  
Analysis, Economy, Education
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Hugh Hendry, the voluble hedge fund manager well known for his bearish but highly successful calls on the global economy over the past two years, has taken a big position that is designed to profit from a crash in China.

Mr Hendry’s London-based Eclectica Asset Management has constructed a “short credit” portfolio that stands to make gains of 250 per cent for his flagship fund in the event of a slump in China’s growth.

Eclectica is also poised to launch a standalone fund to benefit from the strategy next month, the Financial Times has learned.

The new fund will stand to deliver even larger gains than those for the main fund if successful.

“The investment team and I have carefully constructed a short credit portfolio made up of over 20 single-name industrial, cyclical businesses that have the dubious distinction of suffering from gigantic financial leverage and Asian/commodity overdependence,” Mr Hendry wrote to investors in his monthly letter this week. (more…)

Just a Trade a Day

  
  Education
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Michael Jardine’s latest book focuses on simple ways to profit from predictable moves in today’s financial markets…

In today’s financial climate, many traders are finding the markets difficult to navigate. With the volatile swings seen over the past weeks and months, it is increasingly difficult to predict where the market is headed and even harder to make a profit day after day. Emotion and inexperience trading in today’s market conditions can lead some to overtrade, trying to gain back the losses suffered throughout this current economic downturn.

In the latest trading title from niche finance publisher Marketplace Books, Just a Trade a Day: Simple Ways to Profit from Predictable Market Moves, traders are introduced to Michael Jardine’s newly developed methods of making market predictions–and profiting—making just a single trade each day.

The author of New Frontiers in Fibonacci Trading, Jardine has used his extensive background in Fibonacci theory to build an easy-to-use trading system. In clear-cut terms, he teaches traders how apply the Market Profile™ and Points of Control to determine how today’s market environment will best produce with their own particular trading style. By giving readers real-life examples from his very own life experiences building this system, Jardine proves the success of this system.

Michael Jardine has been trading, teaching about trading, and blogging about trading on his web site, Enthios.com, for over twelve years. His first trading book, New Frontiers in Fibonacci Trading, was published in 2003. Now, seven years later, Jardine has come back with a combination of his own Jardine Range and what he has dubbed the “Universal Chart,” to find that one trade a day is what all traders are looking for. Jardine has held many positions at a number of marketing-oriented companies including, Chanel, Walt Disney, and Patagonia. He has also created a highly informative video presentation to optimize your trading profits and gain more trading confidence.

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