Stocks have risen for a second day on Thursday as anticipation has grown that policymakers will finally take steps to support European banks under threat from the impact of a possible Greek default. German Chancellor Angela Merkel stated on Wednesday that Germany was ready to recapitalize its banks if needed, European finance ministers appear to […]
No Tequila Sunrise for Those who Bet on the Peso versus the Dollar Read More »
The UK Conservative party’s annual conference came to an end on Wednesday. Rumors have been circulating that the UK coalition government is about to cave into intense lobbying pressure and reduce the fifty percent rate of tax as, in the opinion of many Conservatives, it doesn’t actually provide a great deal of extra revenue. The suspicion is
Black Swan, Unemployment and Anonymous Read More »
What would be the biggest news in relation to the ongoing Eurozone crisis? We’re not talking Greece default here, or the troika finally sending white smoke up the chimney from their secretive Vatican like refuge as they play out their version of the College of Cardinals meeting in conclave to elect a new pope, (bailout).
Deutschland über alles, or leading us up a blind alley? Read More »
The market soared late in the New York session as a consequence of Dexia executives apparently agreeing to put circa €180 billion of assets into a ‘bad bank’. The SPX soared circa 4.1% to end the day up 2.25%. This development was twinned with news from Luxembourg that during the latest EU ministers meeting they’d
Dexia’s Midnight Runners Read More »
When the main markets began to ‘correct’ in late July – early August many sages and sock puppets were immediately let loose to ‘astroturf’ the airwaves, forums and usual suspect news broadcasts in order to soothe the masses with regards to the impact. One of the most prominent messages was; “well we’re still in positive
Does a dead cat still bounce when it's nine lives are over? Read More »
Whilst numerous cerebral films, bios and documentaries have been made musing on the reasons for the 2008-2009 crash, (such as the superb Inside Job), none managed to capture the malaise with the clarity, brevity and humour as the episode of South Park called Margaritaville. The basic premise behind the episode was to explain why the
When Will the Troika’s Headless Chicken Fall on the Bailout Spot? Read More »
As the USA gets prepared to bite the hand that feeds you have to wonder if they’ve really thought this through, or is this latest invented enemy simply a xenophobic ill timed swipe at anything ‘anti American’? When your country’s economy is 70% reliant on consumerism and only twelve percent manufacturing perhaps you should tread
The Great Wall of China is a Match for the Wails of the USA Read More »
The same headline is constantly being regurgitated by the usual financial media outlets day after day, it repeats something like this; “US Stocks and the Euro fall as Greece concerns outweigh positive U.S. economic data..” Or we read something similar to the following most days of the week; “Large U.S. bank stocks fell sharply on
Stocks Falling Due to Eurozone Debt Crisis Read More »
[quote]It’s a race, it’s a chase, hurry up and feed their face! Who will win? No one knows! Feed the hungry hip-ip-pos! Hungry hungry hippos! (open up and there it goes!)[/quote] With the advent of web sites such as the original friends re-united website and lately Facebook it's become relatively straightforward to track down many
Hungry Hippos and Quantitative Easing Read More »
China’s official news agency, Xinhua, has ridiculed U.S. lawmakers’ efforts to pressure Beijing over its currency policy insisting that the USA admin. is resorting to deflecting blame onto China for its own domestic economic malaise. “This has become a common practice, whenever the (U.S.) economy is slow, whenever an election is nearing, voices in the
China Whispers..then SHOUTS Read More »
