Tag Archives: Reserve Bank of Australia

Everybody on the QE2 Boat

By Andrew Busch | Published: October 5, 2010

The big story out last night was a Far East combo of central bank action and inaction. Both were a surprise. The action came from the Bank of Japan in their quest to stem the rise of their currency and to stimulate their economy. The BoJ started a program of quantitative easing that will see their balance sheet rise by $60 bln as they buy government bonds. They also said they would cut their benchmark rate from 0.1% to 0-0.1%.

The inaction came from the Reserve Bank of Australia, which kept their benchmark interest rate steady at 4.5% for the … …READ MORE

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Ideas and Themes For The Coming Week

By Andrew Busch | Published: April 5, 2009

This is a holiday shortened week with Easter looming and most of Christian Europe on holiday from Thursday on…

However, there are some key things happening.

1. Earnings season starts on Tuesday with Alcoa leading it off. Remember, the analysts are expecting overall earnings to be down 36% in the quarter. The focus should be not on the actual earnings, but the outlook/guidance that companies give for the rest of the year. Also, look to see which managements are backing up positive guidance with share buys. Also, consumer credit comes out as well as hope for consumer spending with stimulus … …READ MORE

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