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Jan 19, 12 •
5194 Views •
Market Commentaries •
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Comments Off on I Am A Citizen, Not Of Athens Or Greece, But Of The World
“I Am A Citizen, Not Of Athens Or Greece, But Of The World” – Socrates (Ancient Greek Philosopher, 470 BC-399 BC) Greece’s government heads into a second day of intense talks with its private creditors in a push to reach an agreement that...
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Jan 16, 12 •
4529 Views •
Market Commentaries •
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Comments Off on Is The UK Back In Recession?
European leaders will this week try to deliver new fiscal rules and cut Greece’s debt burden hoping investors ignore Standard & Poor’s euro-region downgrades. Initially European markets fell on opening as did the Euro which have both recovered to be...
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Jan 10, 12 •
4515 Views •
Market Commentaries •
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Comments Off on Greeks Use Bailout Cash To Buy Military Hardware
We covered how the austerity measures are beginning to bite hard in Greece during our tale of two cities forex market commentary of last week. The youth unemployment problem is dire, adoption and care agencies are at breaking point as desperate families are...
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Jan 9, 12 •
5388 Views •
Market Commentaries •
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Comments Off on Reasons To Be Cheerful Parts 1-2-3
The euro has strengthened versus the dollar for the first time in four days of trading due to the leaders of Germany and France meeting today. The euro had earlier fallen to an 11-year low versus the yen ahead of a report today that economists thought would...
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Jan 6, 12 •
4307 Views •
Market Commentaries •
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Comments Off on So The Euro Disappears, What Happens Next?
You know that scene in the film Groundhog Day, when Bill Murray is woken up by his alarm clock to find it’s the same old re-cycled pattern to his day, day after day? I really need to change radio stations for our alarm clock, every weekday morning...
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Jan 5, 12 •
5564 Views •
Market Commentaries •
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Comments Off on A Tale Of Two Austerity Cities, Athens And Dublin
They are not too dissimilar in economic terms, Ireland is ranked as 48th on a global scale and Greece is ranked as 37th. The GDP per capita of Greeks is $27,875 (nominal, 2011 est.) and the GDP per capita of the Irish is $37,700 (estimate 2009-2010). There is...
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Jan 5, 12 •
11226 Views •
Market Commentaries •
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4 Comments
The impact of austerity measures is hitting hard in Ireland. Arguably the first major developed economy to suffer at the hands of the ‘Austerical’ technocratic impositions of the EU and IMF the country is now teetering on the edge of a...
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Jan 5, 12 •
4430 Views •
Between the lines •
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Comments Off on How Banking Is Done, Borrow At One Percent, Put It On Deposit And Get A Quarter Of A Percent Interest
U.S. stocks recovered to close flat on Wednesday due to positive economic data whilst crude oil moved higher due to a European Union agreement to ban imports of Iranian oil. The euro and European equities struggled to make gains as investors’ concerns...
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Jan 4, 12 •
4270 Views •
Market Commentaries •
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Comments Off on The Initial New Year Rally Appears To Have Faded
Despite the Nikkei index closing up the Hang Seng and CSI closed down in the overnight early morning session. European markets have followed suit, the majority of main bourses indices are down in the morning session. Reality and sobriety could be hitting the...
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Jan 2, 12 •
10485 Views •
Market Commentaries •
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6 Comments
“Happy Birthday” is a 1981 single written, produced, and performed by Stevie Wonder for the Motown label. Stevie Wonder, a social activist, was one of the main figures in the campaign to have the birthday of Martin Luther King, Jr. become a...
