Mexico’s state oil company Pemex reported a US$25.7mn trade surplus in petrochemical products in January-April compared to a deficit of US$9.5mn in the same period last year, according to statistics on the company’s website.

In the first four months of this year exports summed US$69.1mn, while imports totaled US$43.4mn. In January-April last year exports totaled US$29.8mn and imports US$39.3mn.

In volumes terms, Pemex shipped 230,300t abroad and imported 75,000t in January-April, compared to 161,200t and 136,600t, respectively, in the same period last year.

Pemex’s petrochemicals arm is called PPQ.

• 0 Comments

The U.S. futures are off tonight:

From CNBC: Pre-Market Data shows the S&P 500 off about 19 or almost 2.0%. Dow futures are off about 150 points.

Get your Dow 10K hats ready … I’ve heard the Libor is “going nutty” (no link).

CBOT mini-sized Dow

And the Asian markets are off about 2% … and a graph of the Asian markets.

The Euro is back down to 1.23 dollars. Some other sources for exchange rates and NetDania.

And a couple of stories …

From Micheal Pettis at Bloomberg: China Falls Victim to Greek Deficit Contagion

And from the Financial Times: Obama adviser calls for new ‘mini-stimulus’

The Obama administration made a strong plea to Congress on Monday to grit its teeth and pass a new set of spending measures … in

Read more…

• 0 Comments

Do you reside in New Jersey and are weary about how to consolidate your credit card debt? You might want to reconsider your available alternatives to ensure consolidation is the best decision, because it might not be. Consolidation is a smart route for scores of consumers however what are your other plans if you want to reduce your debt and make handling your finances a more doable feat? Do not worry about stress or headaches any longer, you can learn more about New Jersey debt consolidation by reading on right now, you might be surprised at what you discover.

You may be wondering, what is consolidation? For simplicities sake consolidation is when you gather all of your debt and accounts and put them into one monthly payment.

Read more…

• 0 Comments

The details

First job: Newspaper route for Memphis Press Scimitar, at age 13

Most recent job: Investment adviser and financial planner

Marty Kelman

Career highlights: Working with my partner, Ron Lazarov, for the last 30 years

Most satisfying career moment: Every time we make a positive difference in the life of an individual or a family, and the appreciation shown so many times by our clients.

Career advice: Find something you enjoy doing, become the best you can be and treat those around you with compassion

Person I most admire: I most admire my late father, Mayer Kelman, who was an Auschwitz survivor and treated people with respect all of his life.

Hobbies: Golf, travel and reading

Last book read: “SuperFreakonomics”

Favorite film: “It’s a Wonderful Life”

Where is your favorite vacation spot: I love going to a fantastic golf resort with my wife.

What is something about yourself that most people don’t know about you: I love my time alone.

Change I would like to see: Wouldn’t it be great to be able to debate any issue with others on an intellectual level and for everybody to be open to sound information that could influence their opinions?

Read more…

• 0 Comments

Even if the world finances is said to be climbing out of depression these days, a lot of people are still deeply buried in debt contracted during those hard times. If you are a resident of Ohio you can hire a Cincinnati criminal defense lawyer to shield you against your lenders or file for Cincinnati debt relief. But the first option may bury you deeper in debt because lawyers do not most often work pro bono, and in the second option your credit score might suffer some more. In many cases, however, one or the other option may be viable.

But, there is a third option: An unpalatable pill, yes, but valuable in the long term: work your way out.

Read more…

• 0 Comments