Dec 06, 2013
Unemployment rate declined to 7.0 percent in November, and nonfarm payroll employment rose by 203,000, the U.S. Bureau of Labor Statistics reported December 6. The majority of economists believe Fed taper of assets purchases will be in March, 2014.
Dec 02, 2013
Senate Banking Committee voted to approve the nomination of Janet Yellen to be head of the Federal Reserve, and replace Ben Bernanke, whose term ends January 31, 2014. Many assume the full senate will confirm her nomination in a few weeks.
Nov 19, 2013
Netanyahu believes declarations Iran is not seeking a nuclear bomb are as worthless as Hitler’s signature on Neville Chamberlain’s infamous “piece of paper’ in which the leaders proclaimed “their desire never to go to war again”.
Nov 12, 2013
Talks between Iran and the six world powers in Geneva failed to clinch an interim deal on Saturday after France hinted it came short of neutralizing the threat of an Iranian nuclear bomb. Negations between P5+1 will continue on November 20.
Nov 08, 2013
US Secretary of State, John Kerry arrives in Geneva with other French and German foreign ministers to accept Iran’s proposal in nuclear talks.
Nov 06, 2013
On November 8th, nuclear program talks with Iran and the UN permanent security council members plus Germany will conclude in Geneva. A geopolitical premium may return to crude oil prices if negotiations fail.
Nov 05, 2013
Talks to resolve Iran’s nuclear ambitions resume this week in Geneva. The sides are scheduled to hold meetings on November 7 and 8.
Oct 28, 2013
The Fed has increased its assets from $900 billion in 2007, to approximately $3.8 trillion currently. The Fed balance sheet is on pace to reach $5 trillion by the end of 2014.
Oct 24, 2013
Hossein Naqavi Hosseini, a senior member of Iran’s parliamentary national security commission said Tehran has stopped processing uranium to levels above the 5 percent required for civilian power stations.
Oct 17, 2013
The dollar falls on belief U.S. debt-ceiling disruption will delay growth and postpone Fed tapering of bond purchases. The Government shutdown ended after Congress approved a deal to extend funding and increase debt limit into next year.