http://www.rte.ie/news/2011/0615/us.html
Updated: 17:18, Wednesday, 15 June 2011
The head of the US central bank has said America’s creditworthiness is at risk if the country’s borrowing limit is not raised.
Federal Reserve Chairman Ben Bernanke has urged Republican members of Congress to vote in favour of lifting the borrowing level from its current $14.3 trillion threshold.
‘I fully understand the desire to use the debt limit deadline to force some necessary and difficult fiscal policy adjustments, but the debt limit is the wrong tool for that important job,’ Mr Bernanke said in a speech in Washington.
The Fed Chair said in the absence of a quick resolution to the battle over the debt limit, the US could lose its prized AAA credit rating, while the dollar’s special status as a reserve currency might be damaged.
Mr Bernanke said that putting in place sustainable fiscal policies was a ‘daunting’ challenge ‘crucial for our nation.’
‘History makes clear that failure to put our fiscal house in order will erode the vitality of our economy, reduce the standard of living in the United States, and increase the risk of economic and financial instability.’
However, he said, ‘In debating critical fiscal issues, we should avoid unnecessary actions or threats that risk shaking the confidence of investors in the ability and willingness of the US government to pay its bills.’
US President Barack Obama yesterday warned of a new economic meltdown if the ceiling is not lifted in time.
‘We could actually have a reprise of a financial crisis, if we play this too close to the line,’ Mr Obama told NBC television.
‘We’re going (to) be working hard over the next month. My expectation is we’re going (to) get it done in a sensible way. That’s what the American people expect.’
If agreement is not reached by a deadline in early August, the US could start defaulting on its obligations.
Treasury Secretary Timothy Geithner has warned that failure to raise the borrowing cap by 2 August will trigger turmoil in the bond markets and economic ‘catastrophe’.
He met with Republican and Democratic politicians to try to find an exit to the impasse.
Monday, June 27, 2011
Fisher Capital Management Investment
http://www.thenational.ae/business/markets/warning-of-unrest-as-trouble-grows-in-india
Anuj Chopra
Jun 17, 2011
MUMBAI // Not so long ago, India was on the verge of double-digit growth. But ambitions of becoming an economic superpower are on hold as fears of a slowdown loom.
Economic troubles:Storm clouds gather across the world.
Last Updated: June 17, 2011
Billions wiped off global stocks Trading screens across the world flash red as sharp sell-offs take place everywhere. Read article
In the Gulf UAE debt sales set to boost the Middle East Read article
In Europe Spectre of Greek default loomsRead article
In Japan Disasters look set to leave country stuck at zero Read article
In the US Politicians in economic theatre of battle Read article
In China Curbing inflation is a balancing actRead article
The economy expanded at 7.8 per cent in the first quarter of the year – the slowest pace in five quarters.
Yesterday, the Reserve Bank of India (RBI) raised key interest rates for the 10th time since March last year, despite warnings by analysts that high interest rates could dent the main drivers of economic growth: domestic consumption and investment.
Signs of trouble are already visible. Last year, foreign direct investment in India fell 32 per cent from 2009 to US$24 billion (Dh88.15bn). The rate of investments in India plunged to 0.4 per cent in the January to March period compared with 20 per cent in the same period last year. Industrial production slowed to 6.3 per cent in April from 8.8 per cent in March.
D Subbarao, the governor of the RBI, said the interest rate rises were warranted to deal with rising inflation, which Credit Suisse bank called India’s “horror show”.
Inflation increased to 9.06 per cent in May compared with 8.66 per cent in April. But policy analysts say raising interest rates incessantly is akin to pressing the brake pedal and the accelerator at the same time.
“The slowdown has been due to a near collapse in the investment cycle,” says Rohini Malkani, an economist with the investment bank Citi India. “Higher rates could take a toll on investments and consumption.”
Aggressive monetary tightening threatens to destabilise the growth of the industrial sector, which the country heavily relies on to absorb the millions of people entering the workforce every year. Such action could spark widespread social unrest, Udayan Bose, the chairman of India’s employer association’s corporate finance committee, warned in a letter this week to Mr Subbarao.
Tuesday, May 24, 2011
Since when does Fisher Capital Management been around? (www.fisher- capital.com)?
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Fisher Capital is a family-run private equity firm that was established in 1991 by Don Fisher and his son, Bill Fisher.
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- It was founded in 1991 by the Fisher family with their expertise on banking and investment management.
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Fisher Capital Management Reports: International Equities
The third quarter saw double-digit returns for the world¹s equity markets. U.S. large-cap stocks, as measured by the Russell 1000 Index, rose 16.07%, bringing that index’s year-to-date return to 21.08%. Mid-cap stocks were the best performers overall, with the Russell Mid-Cap Index gaining 20.62% for the third quarter and 32.63% for the year. Value stocks bounced back during the quarter, outperforming growth stocks across the full range of market capitalizations. Small-cap value stocks were the best performers for the quarter but still lagged their small growth counterparts by almost 13 percentage points for the year.
International Equities: Fisher Capital management, Korea reports: International equities posted double-digit gains for the third quarter as well. The MSCI EAFE IMI Index gained 19.82% in the third quarter, with local-currency average market returns of 15.10% boosted by the weak performance of the U.S. dollar.
Emerging markets produced another strong quarter, but one that was more in line with developed market returns than was the case during the second quarter of 2009, as the MSCI Emerging Market IMI Index rose 21.30% for the third quarter. Both developed and emerging markets were driven higher by the strong performance of European equity markets, while Asian markets, particularly in Japan, lagged.
Fisher Capital Management Outlook: At the end of the quarter, markets reacted negatively to mixed economic news, signaling a potential correction off the recent highs. The strong rally since the market’s low of March 9, 2009 has left observers wondering whether rapidly-rising stock valuations have become prematurely rich and earnings expectations somewhat stretched.
While we are cautious about the performance of the market in the short term, we continue to expect a slower, but more robust and sustained, “smile-shaped” economic recovery in the long run.
Many financial institutions talk about wealth management.
Few have the resources to deliver an integrated solution. We are among the few.
Providing a client service that is second to none. Learn how your Investment Advisor, with the support of the team of professionals at Fisher Capital, can help address the issues you face while preserving, enhancing and transferring your wealth...Diversification and quality are our research guidelines. At Fisher, we are committed to a long-term investment philosophy that emphasizes quality and diversification. We do business this way because years of experience have convinced us that...
We find the right investment balance for our clients. Fisher leads the way in the provision of first class advisory services across the investment spectrum. Our clients range from private individuals, to intermediaries and global institutions...
Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.
International Equities: Fisher Capital management, Korea reports: International equities posted double-digit gains for the third quarter as well. The MSCI EAFE IMI Index gained 19.82% in the third quarter, with local-currency average market returns of 15.10% boosted by the weak performance of the U.S. dollar.
Emerging markets produced another strong quarter, but one that was more in line with developed market returns than was the case during the second quarter of 2009, as the MSCI Emerging Market IMI Index rose 21.30% for the third quarter. Both developed and emerging markets were driven higher by the strong performance of European equity markets, while Asian markets, particularly in Japan, lagged.
Fisher Capital Management Outlook: At the end of the quarter, markets reacted negatively to mixed economic news, signaling a potential correction off the recent highs. The strong rally since the market’s low of March 9, 2009 has left observers wondering whether rapidly-rising stock valuations have become prematurely rich and earnings expectations somewhat stretched.
While we are cautious about the performance of the market in the short term, we continue to expect a slower, but more robust and sustained, “smile-shaped” economic recovery in the long run.
Many financial institutions talk about wealth management.
Few have the resources to deliver an integrated solution. We are among the few.
Providing a client service that is second to none. Learn how your Investment Advisor, with the support of the team of professionals at Fisher Capital, can help address the issues you face while preserving, enhancing and transferring your wealth...Diversification and quality are our research guidelines. At Fisher, we are committed to a long-term investment philosophy that emphasizes quality and diversification. We do business this way because years of experience have convinced us that...
We find the right investment balance for our clients. Fisher leads the way in the provision of first class advisory services across the investment spectrum. Our clients range from private individuals, to intermediaries and global institutions...
Fisher Capital Management, Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world.
As a full service company Fisher Capital Management, Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service second to none.
By: fishercapital
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Fisher Capital Management Korea is a leading global financial institution holding extensive relationships with financial institutions, institutional investors and corporations across the world. As a full service company Fisher Capital Management Korea provides a full range of investment banking services including advanced risk management, corporate strategy and structure, plus raising capital through debt and equity markets. With this as our backbone we continue to provide a client service secon
Fisher Capital Management: Market Performance
Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.
Market Performance: Fisher Capital Management - Stocks closed lower in October for the first time in seven months, as investors questioned whether the huge rally off the March lows had exceeded the economy’s ability to generate growth in output and profits.
Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.
For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.
Market Performance: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developedmarkets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns.
From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150% for the financials sector and 75% for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index’s information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3%, and the “defensive trade” was still evident within the consumer staples sector, which held on for a 1% gain.
Market Performance: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The yield on the 10-year Treasury note backed up by seven basis points, as traders likely moved funds elsewhere as the Federal Reserve concluded its $300 billion Treasury purchase program. The dollar continued to weaken, hovering near 14-month lows, which helped drive up the prices for oil, gold, and most commodities.
Indeed, equities capped off a volatile month (the Dow Jones Industrial Average (DJIA) experienced triple-digit moves in ten trading sessions!) with a volatile week, as the S&P 500 Index experienced its worst five-day span since early July.
For the month, the DJIA eked out a fractional gain, while all the other major equity market indices suffered losses. Small cap stocks, which had been among the performance leaders of the seven-month rally, experienced the worst hit, with the Russell 2000® Index falling by almost 7%. In another sign that the market may be growing skeptical of the “higher risk, higher reward” strategy, the NASDAQ Composite Index, dominated by technology holdings, declined 3.6% for the month.
Market Performance: Fisher Capital Management - Yet perhaps emblematic of the struggles experienced in the markets recently, growth stocks outperformed value in October, contradicting the idea that the pursuit of “risk” had become out of favor over the past several weeks. Moreover, the weakness in U.S. markets failed to extend beyond our borders last month, as developedmarkets (MSCI EAFE) experienced just a fractional loss, while the emerging markets (MSCI EM) managed to rise by up to 1%, adding to their impressive year-to-date (YTD) returns.
From a sector perspective, two of the three leading performers off the March lows (financials and materials) declined by the largest amounts in October, as investors appeared to lock in gains of approximately 150% for the financials sector and 75% for the materials sector. Despite the weakness in the technologyladen NASDAQ Composite last month, the higher-quality and larger-cap tech names comprising the S&P 500 Index’s information technology sector simply dropped fractionally. Rising oil prices pushed the energy sector higher by 3%, and the “defensive trade” was still evident within the consumer staples sector, which held on for a 1% gain.
Market Performance: Fisher Capital Management - In other asset classes, fixed-income was mixed last month. The yield on the 10-year Treasury note backed up by seven basis points, as traders likely moved funds elsewhere as the Federal Reserve concluded its $300 billion Treasury purchase program. The dollar continued to weaken, hovering near 14-month lows, which helped drive up the prices for oil, gold, and most commodities.
Institutional & Private Clients
At Fisher all of our team are driven to ensure our clients meet their investment objectives. Whether you are an individual investor or an institutional client we'll provide an excellent level of service. Our service and the privacy we afford our clients are central to our ongoing success. Your privacy is extremely important to us and we maintain procedural, electronic and physical safeguards at all times.
Private Clients
Our goal is to provide our private clients with a wide range of financial instruments that can be blended to create individual portfolio success. The individual's goals are central to our planning and our service is driven by this and not our range of products. Fisher Capital, as a multi-service institution is able to draw upon our experience across a wide range of markets. These include:
Equities?- Foreign Exchange?- Fixed Income
Our asset allocation programme is drawn from extensive research into long term market trends. This framework encompasses, to the appropriate extent, certain special situations and investment opportunities from different asset classes. Whatever the situation, from the tools and experience at our disposal, Fisher will find the right balance for you.
Institutional Investors
Relying on Fisher powerful combination of agility and power, we will help transform your investment goals into reality, managed by experienced partners all under one roof. Our institutional clients rely on our core service offering of research, insight and advice which is all matched by cutting edge execution. Fisher deals with many of the region's leaders in asset management, hedge funds, mutual and pension funds. We are widely renowned as a leader in equities and fixed income provision.
Services
Whether you are an individual or represent an institution, working with Fisher will show you a level of service second to none. We can offer a wide range of innovative solutions to today's wealth management issues all backed by our highly focused research support. Each one of our clients is assigned an individual account manager who is there to offer timely advice ensuring that your investment objectives are met. To us you are never another number. Call us today to experience the Fisher Capital difference.
Monday, April 25, 2011
Richard Fisher: Robert Brown’s Boiler Installation
Richard Fisher on Boiler room management – with the current state of the economy, it is extremely important that you are fully aware of the ways in which you can make savings around your home, along with the steps you can take to ensure that you do not waste more money that you need to.
There are small steps that can be taken, such as turning off lights when leaving a room, or not leaving electrical devices on standby when they are not in use. Regarding heat loss, you can install draft excluders on your windows and doors, as well as making sure your house is properly insulated; insulation in cavity walls, as well as in ceilings can save many hundreds of pounds in heating costs over a long period of time.
Regarding heat loss, while it is important to guard against heat being lost through insulation, it is incredibly important to consider how the heat is produced in the first place; is your current method efficient both economically and environmentally.
Richard Fisher on Boiler room management – Boiler replacement. If you have an old, inefficient electric boiler, it may be a good idea to arrange boiler installation for a new gas boiler. Gas boiler installation could save you hundreds of pounds each year, reducing your bills significantly.
All boiler installation jobs are complicated and can involve a large amount of work. If however you make sure you use a trained professional, the job can be stress free and quickly finished, with minimum fuss. If you do decide to carry out the installation yourself, you must be sure to read up on the subject in great depth, taking all recommended precautions before commencing work. It is also advisable that you have an assistant, to help with removal and installation, so you can concentrate on the technical aspects of the work fully.
Richard Fisher on Boiler room management – Required certification. There are levels of certification and permits required to legally undertake such work, such as building codes and planning permission laws.
You can often check these aspects with your local council and planning authority, as well as with your local gas company and supplier.
Once you are sure that you are ready to undertake the work, it is a good idea to prepare the area in which the boiler will be installed. In this area, there should be a gas supply, a water supply, and an electrical supply all within a close proximity of the boiler; the greater the distance between these supplies and the boiler, the greater the difficulty in installation. It is important to note that boiler installation should not take place near to any combustible substances; such is the danger of an explosion.
Once your boiler is delivered, you should make sure that all parts are present and correctly formed, prior to attempting an installation. Once you are sure everything is fine, you can begin your boiler installation along the guidelines that you have learned in your studies.
For More Information Visit : http://www.npower-online.co.uk Read more: http://business.ezinemark.com/boiler-installation-3183cd92936.html#ixzz18JwINJZW
There are small steps that can be taken, such as turning off lights when leaving a room, or not leaving electrical devices on standby when they are not in use. Regarding heat loss, you can install draft excluders on your windows and doors, as well as making sure your house is properly insulated; insulation in cavity walls, as well as in ceilings can save many hundreds of pounds in heating costs over a long period of time.
Regarding heat loss, while it is important to guard against heat being lost through insulation, it is incredibly important to consider how the heat is produced in the first place; is your current method efficient both economically and environmentally.
Richard Fisher on Boiler room management – Boiler replacement. If you have an old, inefficient electric boiler, it may be a good idea to arrange boiler installation for a new gas boiler. Gas boiler installation could save you hundreds of pounds each year, reducing your bills significantly.
All boiler installation jobs are complicated and can involve a large amount of work. If however you make sure you use a trained professional, the job can be stress free and quickly finished, with minimum fuss. If you do decide to carry out the installation yourself, you must be sure to read up on the subject in great depth, taking all recommended precautions before commencing work. It is also advisable that you have an assistant, to help with removal and installation, so you can concentrate on the technical aspects of the work fully.
Richard Fisher on Boiler room management – Required certification. There are levels of certification and permits required to legally undertake such work, such as building codes and planning permission laws.
You can often check these aspects with your local council and planning authority, as well as with your local gas company and supplier.
Once you are sure that you are ready to undertake the work, it is a good idea to prepare the area in which the boiler will be installed. In this area, there should be a gas supply, a water supply, and an electrical supply all within a close proximity of the boiler; the greater the distance between these supplies and the boiler, the greater the difficulty in installation. It is important to note that boiler installation should not take place near to any combustible substances; such is the danger of an explosion.
Once your boiler is delivered, you should make sure that all parts are present and correctly formed, prior to attempting an installation. Once you are sure everything is fine, you can begin your boiler installation along the guidelines that you have learned in your studies.
For More Information Visit : http://www.npower-online.co.uk Read more: http://business.ezinemark.com/boiler-installation-3183cd92936.html#ixzz18JwINJZW
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