RANsquawk 15th December Morning Briefing - Stocks, Bonds, FX etc.

Comments

[anynonmous]

this should make for some interesting reading (all 1428 pages) over the holidays - but if you don't care to take the time maybe this excerpt will tempt you: (note that the House and Senate versions contain this clause that assigns unprecedented powers to the White House)

H.R.2454

American Clean Energy and Security Act of 2009 (Engrossed as Agreed to or Passed by House)

http://thomas.loc.gov/cgi-bin/query/z?c111:H.R.2454:

from page 698 SEC. 707. PRESIDENTIAL RESPONSE AND RECOMMENDATIONS.

`(a) Agency Actions- The President shall direct relevant Federal agencies to use existing statutory authority to take appropriate actions identified in the reports submitted under sections 705 and 706, and to address any shortfalls identified in such reports, not later than July 1, 2015, and every 4 years thereafter.

`(b) Plan- In the event that the Administrator or the National Academy of Sciences has concluded, in the most recent report submitted under section 705 or 706 respectively, that the United States will not achieve the necessary domestic greenhouse gas emissions reductions, or that global actions will not maintain safe global average surface temperature and atmospheric greenhouse gas concentration thresholds, the President shall, not later than July 1, 2015, and every 4 years thereafter, submit to Congress a plan identifying domestic and international actions that will achieve necessary additional greenhouse gas reductions, including any recommendations for legislative action.

http://thomas.loc.gov/cgi-bin/query/C?c111:./temp/~c111Sap4BP

(pdf version - very large file - http://frwebgate.access.gpo.gov/cgi-bin/getdoc.cgi?dbname=111_cong_bills... )

[Catullus]

Ron Paul on cnbc this morning. Will debate mishkin. Wonder if dr. Paul will ask him about his involvement in iceland's collapse.

[Oso]

PPI lookin rather inflationary, and yet Empire manufacturing at 2.55 vs 24 expected?!?!?

How tight are the Fed's hands being tied right now?? I hope they lose circulation.

DXY close to breaking 77.

[Careless Whisper]

Austria Bank to be nationalized and 'safe haven' is the dollar?