The News Review:

- FOREX-US dollar falls ahead of Fed rate decision
- FOREX-Dollar hits 13-yr low vs yen recovers on car hope
- November housing starts and permits at record low
- Learning from Bernie Madoff: Avoiding Trading Scams

FOREX-US dollar falls ahead of Fed rate decision
Reuters 
central bank will cut its interestrates from the current 1 percent. Investors will look for cluesin the Fed’s statement about its intention to undertakealternative policy measures to restore growth. “It seems like a fait accompli that they’ll go 50 basispoints so it’s not clear how much of a market impact that willhave” said Brian Dolan chief currency strategist at Forex. comin Bedminster New Jersey. “What will be interesting is if they mention anythingspecific about quantitative easing measures though it might bebetter to deal with that in a separate statement. In early New York trading the ICE futures U.

FOREX-Dollar hits 13-yr low vs yen recovers on car hope
Reuters 
“That the Treasury may step up and extend short-term helpat least until the new administration comes in is positive forrisk appetite” said Brian Dolan chief currency strategist atForex. com in Bedminster New Jersey. “It extends the autosector lifeline and shows they’re going to throw everything butthe kitchen sink at this.

November housing starts and permits at record low
Reuters 
There’s zero sign of any stabilization dashing what had been some optimism that we were perhaps bottoming out” said Brian Dolan chief currency strategist with Forex. com in Bedminster New Jersey. Single-family homes which make up the bulk of new home construction were hit hard in November. New starts fell 16. 9 percent from October to a 441000 unit rate a record low.

Learning from Bernie Madoff: Avoiding Trading Scams
Learning Markets CA 
Estimated losses are currently running near $50 billion making this scam one of the largest of all time. In most cases we are willing to listen to just about anyone because we know nothing is perfect and there may be clever insights that the newest beginner can share. Sometimes like Bernie’s investors we will also pay for access to information or services. We all pay a broker or dealer in some way to trade and I know a lot of us have computer programs charting stations or other functionality that has improved our analysis. However because the capital markets are so free and relatively unregulated it is rife with scammers spammers and jokers of all types.
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