U.S. Stock Futures Steady Gold Extends Record Run

(Reuters) - Australia's Westfield Group is not expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due to an uncertain outlook for that U.S. economy and the global credit current market place.



For substantial wind farm he decided in Texas, Mr. Pickens/Mesa Power LLP had already ordered 687 large wind generators from General Electric, to get delivered starting in 2011. But transmission lines being built through state were unlikely achieve the location he has leased until 2013, so he needed to put the turbines somewhere. Mr. Pickens had once planned to develop his own transmission lines, but difficulty in finding financing amid the credit crisis forced him to shelve that plan.



For Visa, the quarterly results highlight consumers' increasing reliance on debit and credit cards rather than cash or checks to make it worse everyday sales.

So what exciting news gave stocks such an enhancement that the Dow and also the S&P 500 finished within green? There wasn't any. However there was a POMO auction on Thursday, in that this New York Fed took bids for about $6-$8 billion in Treasury coupons dated 2018-2021, triggering approximately $150-$200 billion in leveraged capital distributed along with Fed into the Primary Dealers whose proprietary trading desks were within a position to ramp-up stocks through a special afternoon. As I recently explained in this little blog, Procedure was termed "The POMO Effect" in a 2009 paper by Precision Capital Management entitled, "A Grand Unified Theory of Market Manipulation". Enjoy this milieu mainly because lasts -- because after quantitative easing ends on June 30, "late day rallies" seem few and a lot between.

With the end of the gold standard, us was extended required furnish gold to anyone holding U.S. dollars when they asked for this. Thus began the world of "fiat" money, and a country set of numerous problems came about.

"If you will find several fantastic opportunities, they would look at them. But they would be very focused how they financed it," said the source, who had been not authorized to talk to the media.

Red Bank, N.J.-based home builder Hovnanian Enterprises(HOV_) reported a much wider loss for its fiscal second quarter since. last year as gross margins deteriorated and contract backlog terminated.

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