a vahet pole, CL ja USO on olemas
Fed's Lacker says recession started mild but worsened since September
DJ reports it looks as if the "bottom was made" in the stock market, both from a psychology standpoint and from what we've seen in the credit markets, Legg Mason value manager Bill Miller said today. Unless there's a complete disaster scenario, the market in the next 12 months "should be looking at a reasonably good rebound," he said at Legg Mason's year-end briefing. "Panic is really hard to sustain," Miller said. "So I think a worst-case scenario is that the market just moves sideways."
Beige Bk: Price Pressures Easing
Beige Book says housing market activity low but stable
Kui kellelgi huvi täpsemalt lugeda, siis siin väljavõte:
Summary of Fed's Beige Book -- Overall economic activity weakened across all Federal Reserve Districts since the last report
Overall economic activity weakened across all Federal Reserve Districts since the last report. Districts generally reported decreases in retail sales, and vehicle sales were down significantly in most Districts. Tourism spending was subdued in a number of Districts. Reports on the service sector were generally negative. Manufacturing activity declined in most Districts, and new orders were soft. Nearly all Districts reported weak housing markets characterized by reduced selling prices and low, but stable, sales activity. Commercial real estate markets declined in most Districts. Lending contracted, with many Districts reporting reductions in residential, commercial and industrial lending and tightening lending standards. Agricultural conditions were mixed with a relatively good harvest but concerns about profitability. Mining and energy production and exploration started to soften due to lower output prices. District reports generally described labor market conditions as weakening. Wage pressures were largely subdued. District reports characterized price pressures as easing in light of some decreases in retail prices and declines in input prices, particularly energy, fuel, and many raw materials and food products... Consumer spending weakened during the reporting period. Retail sales were described as weak or down in the New York, Cleveland, Richmond, Atlanta, Chicago, St. Louis, Minneapolis, Dallas and San Francisco Districts. In Kansas City, consumer spending slowed sharply. Recent retail sales were steady compared with early fall but were lower than a year ago in Philadelphia and were mixed in Boston. Some Districts reported decreased purchases of big-ticket items, including furniture, appliances, electronics and luxury items... District reports indicated that vehicle sales deteriorated since the last report. Sales of more expensive and less fuel efficient vehicles were particularly slow... Manufacturing activity declined noticeably since the last report. Almost all Districts noted reductions in exports... Residential real estate continued at a slow pace nationwide... Business and consumer lending activity continued to slow in most Districts. New York reported weakening loan demand in all categories, while Kansas City and San Francisco also witnessed substantial lending declines. Credit standards rose across the nation, with several Districts noting increases in loan delinquencies and defaults, especially in the real estate sector. Credit conditions remained tight... Wage pressures were largely subdued.
Tegemist jaanuari lepingutega.
OPEC President Chakib Khelil said in an interview with Spanish public radio RNE, that there is "no floor" for the price of oil and that "prices can drop to a very, very low level..."