German Chancellor Angela Merkel and French President Francois Hollande said they would consider measures to spur economic growth in Greece as long as voters there committed to the austerity demanded to stay in the euro. Requests for measures to bolster growth will be “considered” and the European Union may
May 16, 2012
Industrial Production in U.S. Climbs More Than Forecast
Industrial production in the U.S. climbed more than forecast in April, propelled by gains in auto manufacturing and utility use. Motor vehicles sales in the first quarter that were the strongest in four years have buoyed manufacturing, helping make up for a slowdown in corporate equipment purchases. While U.S.
May 10, 2012
Greek Government Mandate Passes to Venizelos’s Pasok
Greece’s political turmoil entered its fourth day, with coalition talks deadlocked, raising the possibility that another election will have to be held as early as next month. Evangelos Venizelos, the socialist Pasok leader and former finance minister, is trying to form a government after receiving a three-day mandate from
May 10, 2012
Greece Euro-Exit Debate Goes Public
From the monetary fortress of the European Central Bank to the pro-European duchy of Luxembourg, policy makers are beginning to air their doubts that Greece can stay in the euro. “If Greece decides not to stay in the euro zone, we cannot force Greece,” German Finance Minister Wolfgang Schaeuble
May 10, 2012
Oil Falls a Seventh Day, Longest Run of Losses Since 2009
Oil fell for a seventh day in New York, its longest run of declines since December 2009, as hopes for a solution to Europe’s debt crisis receded, U.S. supplies rose and Chinese imports fell. West Texas Intermediate oil fell as much as 0.7 percent. Crude inventories rose 3.7 million
May 4, 2012
U.K. Home Prices Drop the Most in 1 1/2 Years as Recession Bites
U.K. house prices dropped the most in 1 1/2 years in April as a stamp-duty exemption for first-time buyers ended and the economy fell into its first double-dip recession since the 1970s, Halifax said. Prices dropped 2.4 percent from March, the largest monthly decline since September 2010, to an
May 4, 2012
European Stocks Fall Before Election Weekend, Jobs Data
European stocks dropped as investors awaited the American payrolls report today and elections in France, Greece, Italy and Germany this weekend. U.S. index futures were little changed, while Asian shares fell. Royal DSM NA, the world’s largest maker of vitamins, declined 2.1 percent after Bank of America Corp. downgraded
April 22, 2012
Goldenschild Trading Statement 2
Goldenschild Asset Management was established to meet a demand from investors to achieve moderate but consistent returns on their capital, but without the risk and volatility seen in recent times of more traditional asset classes such as equities, bonds, commodities and real estate. www.goldenschild.com PDF Version of Goldenschild Trading Statement
April 20, 2012
Global Growth Seen Subdued, Still Very Reliant on Asia
The global economy is set to expand by a modest 3.3 percent this year as a still-smoldering euro zone debt crisis and a relatively slow U.S. recovery continue to leave Asia as the main driver of growth, Reuters polls showed on Thursday. Asian economies, as well as Latin America, are
May 16, 2012
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