Saturday, June 01, 2013

Stories I Found Of Interest (weekly)

    • Three separate bills to ban fracking in California have been introduced in Sacramento, as the state reckons with sitting on top of enormous shale energy deposits.
    • the bills call for separate conditional moratoriums on the practice, which involves shooting huge volumes of water down into rock formations to free up oil and gas
    • many companies have been borrowing money to buyback massive amounts of their outstanding shares
    • Buyback announcements over the past 3 months total a record $214bn, or double the quarterly pace of actual repurchases (~$100bn)," write the analysts.
    • that's a lot of stock being pulled out of the market.
    • fears that the Fed will begin to taper its bond purchases soon have risen in a big way this month
    • the central bank could begin reducing the pace of its bond purchases as soon as Labor Day if the data warranted such action.
    • If the U.S. economic data continue to improve and cause investors to push further and further into risky investments – and the Fed actually does begin to tighten monetary policy stimulus – the "safe haven" appeal appeal of the U.S. Treasury market could continue to dissipate

Posted from Diigo. The rest of my favorite links are here.

No comments: