Default Is Not A Get Out Of Capitalism Free Card, But There’s Always The Sun The first time I went to Greece was to a small island called Lefkas, back then the small village of Vasiliki was at the time (late 80’s) termed “the windsurfing capital of Europe”. It was a cheap holiday, the accommodation […]
Default Is Not A Get Out Of Capitalism Free Card Read More »
Twenty five European countries have finally endorsed the fiscal pact. They’ve agreed to enshrine balanced budget legislation into their national law, with annual structural deficits capped at 0.5% of GDP. Transgressors face penalties of 0.1% of GDP, with fines being added to Europe’s bailout fund, the European Stability Mechanism (ESM). The UK and the Czech
How To Fiscal Your Compact, Or Compact Your Fiscal..Or Something Read More »
U.S. consumer spending collapsed in December, signaling slower consumption early in 2012. The figure was the weakest reading on spending since June 2011, the Commerce Department released on Monday, following two weak gains in October and November. Spending (adjusted for inflation) dipped 0.1 percent last month after edging up 0.1 percent in November. The fear must now
Are U.S. Consumers All Done With Shopping? Read More »
I hope you’re OK reader, after all that must have come as quite a shock. Now you’ve picked yourself up the floor, after reading the article title, which is a fact (well kinda), we’ll dwell on the subject at hand; why do so many lose at trading forex and what are the adjustments so many
39% Of Forex Traders Are Profitable Read More »
Ssshhh..whisper it quietly but that austerity “stuff” just isn’t working. You’d never have guessed it but only now, as for example Spain reverses into negative ‘growth’ and 51.5% of its young adults are unemployed, are the great and good of the IMF, the E.U., the ECB and the World Bank beginning to question the ‘wisdom’
Does Iceland's Recovery Make Them The Real Poster Boy For The Financial Crash? Read More »
There’s widespread industrial action in Belgium today as unions call a strike to mark today’s summit meeting. The general strike, Brussels’ first action in almost two decades, forced the authorities to shut the country’s rail network leaving many trams and buses without drivers. Some international flights have been cancelled, while some bulk cargo terminals have
SHIBOR, Will This Be The Acronym Of The Decade For FX Traders? Read More »
The French government looks set to revise downwards its estimate for 2012 economic growth in an upcoming revision to its budget bill. Sources told reporters following a televised interview with President Nicolas Sarkozy that the government envisages cuts to spending, an austerity drive, as opposed to further tax rises, in order to make up for
“I’ve Never Been As Scared As I Am About The World” – Donald Tsang CEO of Hong Kong. Read More »
Has Canada Gone Loonie, Are They Seriously Considering Replacing All Their Paper Currency With Plastic? There are many viral marketing campaigns on the web, most crash and burn. Others, such as the one my colleagues at FXCC towers are about to unleash, have a real point of difference, I won’t spoil the surprise as we’ll
Has Canada Gone Loonie? Read More »
Edmund Burke, a British statesman and philosopher who lived from 1729-1797, once described Spain as “a whale stranded upon the coast of Europe”. That quote seems apt on the morning that desperately poor Spanish unemployment figures have been published. Spain already has the highest unemployment level in the EU, where youth unemployment is close to
A Whale Stranded Upon The Coast Of Europe Read More »
If you regularly browse and or contribute in forex trading forums you’ll quickly realise that traders come in all shapes and sizes, from all ‘walks of life and from all corners of the planet. Many have brilliant illuminating stories to tell and pasts to recount (and on occasion recant) as to how they came to
So What Kind Of Person Makes A Success Of Forex Trading? Read More »
