Banco Itau Holding Financeira S/A Announcement
Itausa - Investimentos Itau S.A. , Banco Itau Holding Financeira S.A. , Unibanco Holdings S.A. and Unibanco - Uniao de Bancos Brasileiros S.A. , in compliance with paragraph 4 of Article 157 of Federal Statute 6404/76 and with Rules 358/2002 and 319/1999 of the Brazilian Securities and Exchange Commission , and in addition to the press release of November 3rd, 2008, hereby inform the following:
Westpac joins rate cut war
WESTPAC has cut its home loan rates by 65 basis points, after the Reserve Bank yesterday cut the official interest rate by 0.75 percentage points to 5.25 per cent.
Monetary Reform: Gold and Bills Of Exchange
Free source for precious metals information and financial truth. Offering a range of information such as latest news from around the world, commentary, market updates, stock reports, coin information, quotes, forums plus much more!
Exploding Debt Dynamics, Part II: The Golden Supernova
What do avalanches, black holes and supernovas have in common with the fate of the dollar and gold?
Monetary policy toward banks needs reworking
When you write an economics working paper, you don't usually have to field telephone calls from network TV morning shows. You won't be gaining weight from Green Room goodies. And you won't have to endure the reproachful looks at the cleaner's because of the makeup stains on your collar.
Some weeks ago, in an editorial about the financial crisis in the main section of this paper, a writer commented
approvingly that: "Our currencies are no longer tied to gold, which means central banks can act to mitigate monetary deflation and interrupt the deadly feedback loop of mounting defaults, declining real wages and prices and increasingly onerous dollar-denominated debt. ...
Crisis Cogitations
Everyone must be wondering where this unprecedented global financial crisis, (the World Banks words), is heading. What follows, for what they are worth, are my cogitations on this crisis.
Ottawa to buy $50B in mortgages, hopes to spur loans
The federal government is purchasing another $50 billion in residential mortgages to further stabilize the lending industry and encourage lower interest rates.
A deficit might be the most decisive thing
The current word games and debates about whether the Government will have the courage to plunge into the red are rather misleading, writes Bernard Keane .
The Crack-Up Boom, Part XII
As the G7 banking systems continue their plunge into the abyss, so do the worlds economies. Public servants, governments and central banks are firing every policy option they have to keep the confidence of consumers and business from collapsing.
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