The euro weakened for a sixth day in series versus the yen in the morning session, heading for its second annual drop whilst European stocks shed their advances amid the mounting concerns that the severe austerity measures, imposed by the technocrats in order to counter the region’s debt crisis, will inevitably slow growth or send […]
Euro Continues Falling Versus The Yen And Dollar Read More »
A vintage wine is made from grapes that were all, (or primarily), grown and harvested in a single specified year. In certain wines it denotes quality, as in Port were Port houses make and declare vintage Port in their best years. From this tradition, a common (though incorrect) usage applies the term to any wine
2011 Was Not A Vintage Year, But Is The Phenomenon Of Vintage Over-Rated? Read More »
There’s a cast iron tradition woven into the fabric of the UK psyche; over the holiday period we get together after the main two days have passed and moan about the rubbish that was on television. Moving aside the fact every news broadcast is occupied for the first fifteen minutes with tedium regarding what the UK
Is Another Credit Crunch Inevitable? Read More »
The major market sell off experienced yesterday ‘across the board’ was due to the ECB revealing that it’s balance sheet had swelled to record highs as a consequence of its successful loan tender in the week preceding Xmas. As the deadline looms for bids in the Italian debt auction the bond markets reaction is bearish,
Pre Xmas Optimism Blown Away Due To The ECB's Swollen Loan Book Read More »
The “currency war” appears to be experiencing a truce for now, the USA admin. is using a far more conciliatory tone and employing improved diplomatic language when describing the value of the Yuan and the supposed harm it’s inflicting on the USA economy. The U.S. Treasury avoided labelling China a currency manipulator on Tuesday, but
The USA Has No Option But To Play 'Soft-Ball' With China Over The Yuan Read More »
Amongst the ‘good news’ regarding consumer optimism that was reported on Tuesday came the very bad news (which appeared to be buried) that the USA was close to breaching the first level of it’s revised debt ceiling agreed by both houses in the USA Congress back in late July, early August 2011. We’ll comment on
Japan sold at least 14.3 trillion yen ($183 billion) in 2011 in order to stem the gains that cut profits for exporters, Finance Minister Jun Azumi has pledged more intervention if required in 2012. Intervention in 2012 may fail again however, as the financial turmoil in the USA and Europe attracts investors to the world’s
2012, The Year Of The Yen? Read More »
“I’m all lost in the supermarket I can no longer shop happily I came in here for that special offer A guaranteed personality” – The Clash 1979 The day preceding Xmas Eve caused chaos in certain stores across the USA as ‘sneaker heads’ turned riotous. It’s impossible to imagine how sane individuals could get so
I'm All Lost In The Supermarket, I Can No Longer Shop Happily Read More »
As Japan and China officials made statements today declaring that they’ll promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Yuan reached record highs in thin trading. The significance of this announcement should not be overlooked, particularly as
Yuan Hits All-Time High Read More »
“All your base are belong to us” (often shortened to “All Your Base”, “AYBABTU”) is a broken English phrase that became an Internet phenomenon in 2000–2002. The text comes from the opening cutscene of the 1991 European Sega Mega Drive version of the video game Zero Wing which was poorly translated from Japanese… It’s only
All Your Cash, Are Belong To Us Mario Monti Takes On The Italian Cash Society Read More »
