Friday, December 25, 2009

America's Money Crisis

Government bonds resume rise in short session after two days of record auctions did little to stymie demand. Bond investors bought up Treasurys after government reports on jobs, durable goods, consumer spending and personal income confirmed continued economic weakness and a poor labor market.Dour economic news is expected to persist well into 2009 and Treasurys will continue to rise for at least several more months, pushing yields even lower.Lending rates between banks remained near record low levels.

Saturday, December 12, 2009

Forex rates


The Japanese Yen roared higher in overnight trading as the US Senate failed pass a vote that would have led to a decision on a bailout plan for America’s top three automakers. Japanese Yen Soars to 13-Year High against the US Dollar.The Euro posted its best single-week performance in eight years, as an outright tumble in the US dollar left the Euro Zone currency as the prime beneficiary of a turn in market sentiment. Currency traders seemingly lost their patience with the US dollar, opting to sell the American currency on dismal developments out of the US economy.

Friday, December 11, 2009

Installing PHPUnit on Windows/WAMP

PHPUnit is used for unit testing of PHP code.Inorder to install "PHPUnit in Windows/WAMP" perform the following steps

  • Move to the directory where WAMP Server or PHP is installed using the command prompt. For example C:\wamp\bin\php\php5.2.3\>
  • Then run "go-pear.bat" file for complete installation of PEAR. Once you run this command it will ask for some confirmation like
    "Are you installing a system-wide PEAR or a local copy?
    (system|local) [system] :"...... If you are not sure what to use then just go with the default selection by hitting "Enter".
  • Once done you will see an information like this....[I have provided only the part] *WINDOWS ENVIRONMENT VARIABLES *
    For convenience, a REG file is available under C:\wamp\bin\php\php5.2.6\PEAR_ENV
    .reg .This file creates ENV variables for the current user.
    Double-click this file to add it to the current user registry.
    Press any key to continue . . .
  • Next run the "PEAR_ENV.reg" file which has just been created. This file is used to create the environmental variable.
  • To register the phpunit channel with pear run the command "pear channel-discover pear.phpunit.de". Once done you can install all the necessary packages.
  • Next step is to install the following inorder for phpunit to be installed >pear install pear/benchmark >pear install pear/console_Getopt
  • Then run the command "pear install pear/phpunit2"
  • Once all done correctly you will be able to see the "PHPUnit" folder inside the PHP folder
Now PHPUnit is installed and ready to use.........

Monday, December 7, 2009

$12B drained from mutual funds

$12.1 billion was withdrawn from stock-based mutual funds in the previous week. Investors had put $10.4 billion into these funds.In addition to the drainage of stock-based mutual funds, bond funds had an outflow of $6.8 billion.