Copper fell to the lowest in six weeks in New York as Federal Reserve policy makers begin a meeting that may indicate when the central bank will start curbing debt purchases intended to stoke the U.S. economy.A two-day meeting of the Federal Open Market Committee starts today. The Fed is buying $85 billion of debt a month. Housing starts climbed 6.8 percent to a 914,000 annualized rate in May, a government report showed today, trailing the 950,000 median forecast in a Bloomberg survey of economists.“People are really waiting to see what the Fed determines as far as tapering their bond purchases,” Adam Klopfenstein, a senior market strategist at Archer Financial Inc. in Chicago, said in a telephone interview. “The housing data is showing that, while we’ve had some traction, future gains from these levels are going to be harder to come by.”Copper futures for delivery in September retreated 1.3 percent to settle at $3.1675 a pound at 1:16 p.m. on the Comex in New York. The metal touched $3.151, the lowest for a most-active contract since May 3.Construction generates about 40 percent of demand, according to the Copper Development Association.Production of refined copper will exceed demand by 127,000 metric tons this year, according to RBC Capital Markets LLC. New projects will add an estimated 1 million tons of capacity, or 5 percent of global mine supply, in the coming year, according to Macquarie Group Ltd.“There is downside risk to both our copper demand and price forecasts,”
oikos to managenemo house
- social study
- teaches how to use efficiently scarce resources (human, capital, money, resources)
Micro-economics using resources at a firm’s level
Macro-economis using resources at a national level (federal/provincial)
- based on facts ex. Inflation rate, growth rate, unemployment rate
based on opinion
- a statement that appears to be true but is not
a) Fallacy of Composition
- what is…
o Hybrid form of security combining some of the elements of equity ownership and creditor claims
• Commodity Futures
o Contract to buy or sell a commodity in the future at a given price
▪ Wheat, corn, copper, T-Bonds or Foreign Exchange
• Tangible asset that may be seen, felt, held, or collected
o Real estate, gold
• Safety of Principal
o Cant risk money we have
trade policy to achieve this is problematic.
Even if successful, the costs may be high and need to be borne by someone.
The Prospect of Retaliation
Trade restrictions designed to support domestic industries typically trigger a drop in production in some foreign countries, and they react.
Cons of limiting imports:
1. mean fewer import-handling jobs,
2. it will cause lower sales in other industries because they must incur higher costs for components.
3. Imports stimulate exports…
aerospace, finance, pharmaceuticals, technology, design, culture, tourism, gaming, film and world affairs.
In 2009, Montreal was named North America's number one host city for international association events, according to the 2009 preliminary rankings of the International Congress and Convention Association (ICCA). In 2012, QS World University Rankings ranked Montreal the 10th-best place in the world to be a university student.
starting with the Finance Minister, (5) rest of the bureaucracy, RBI governor, Planning Commission, SEBI, Banking sector
3 The Budget preparation and presentation, factors influencing the annual budget, role of (5) subsidies and foreign exchange reserves
4 Companies, balance sheets, AGMs window dressing of balance sheets, the loopholes (the case of Satyam) (5)
5 Stock exchange, Sensex and its ups and downs, need for stricter monitoring, how to (5) cover Stock Exchanges, qualities of…
CONTENTS: CASE STUDIES
CASE STUDY 1
Midsouth Chamber of Commerce (A): The Role of the Operating Manager in
CASE STUDY I-1
IMT Custom Machine Company, Inc.: Selection of an Information Technology
CASE STUDY I-2
VoIP2.biz, Inc.: Deciding on the Next Steps for a VoIP Supplier
CASE STUDY I-3
The VoIP Adoption at Butler University
CASE STUDY I-4
Supporting Mobile Health Clinics: The Children’s Health Fund of New York City
CASE STUDY I-5…