The economic news emerging from the USA was extremely positive on Thursday, not only were the job numbers more encouraging but housing starts have improved. A leading sentiment index also came in more positive than anticipated. However, another metric, that dares not speak its name, rises exponentially day by day; total USA debt.. On Thursday […]
Total USA Debt Reaches New High With $32 bn Borrowed On Thursday Read More »
Oil for March (WTI) delivery rose $1.06 to $101.80 a barrel on the New York Mercantile Exchange on Wednesday, this was the highest settlement since Jan. 10. Brent oil for April settlement increased $1.58, or 1.3 percent, to end the session at $118.93 a barrel on the London based ICE Futures Europe exchange. On the
Is Barack Obama's Oil And Gas Hegemony About To Backfire? Read More »
Argentina 1 Banking System 0. Are We Being Softened Up For A Drunk And Disorderly Greek Default? It’s both fascinating and ominous in equal measures to watch the frayed nerves on show as we reach the end game for Greece and it is simply the end of the game, not the end of days. Perhaps
Argentina 1 Banking System 0 Read More »
Greece officials claim the troika is moving the goal posts in order to force them out of Europe whilst oil spikes on rumors that Iran is beginning to choke supply off to Europe. Meanwhile, whilst visiting the USA, China refuses to budge on any issues reminding the USA of the golden rule of business; “he who has
China Reminds The USA Of The Golden Rule Of Business Read More »
It’s quite fascinating to note that whilst there is a Chinese delegation visiting Washington to meet with Barack Obama a European delegation is visiting Beijing. Whilst in the USA the Chinese officials have been very vocal their support of Europe (and the euro in isolation) similarly the European delegation in Beijing have been met with
China Commits To The Eurozone As Storm Clouds Once Again Gather Over Greece Read More »
There are some unusual economic indicators that are always worth keeping a keen eye on, the Baltic Dry Index is an official gauge which is simply overlooked and misunderstood. However, it’s often worth considering ‘left field’ indicators as to the direction of the world’s largest economy. The latest measure of USA air traffic could prove
USA Flights Fall To Post 9-11 Confidence Depressed Volume Read More »
Many market analysts and market commentators will have experienced a deep sense of relief as the news broke yesterday evening regarding Moody’s confirmation that the UK’s Aaa credit rating is under review. It’s not that analysts and commentators finally have something else to discuss, over and above the incessant Greece narrative and issues. The fact
The UK's Economy Is The Sick Man Of Europe Read More »
With the exception of France no other country’s top politicians have attempted to jealousy guard and protect their highest credit rating more than the United Kingdom. However, despite the UK chancellor’s best efforts to displace attention away from the UK’s precarious financial position, the hidden depths of the UK’s indebtedness now appears to be exposed.
The UK Finally Placed On Negative Watch By Moody's And Not Before Time Read More »
Rather than opine on the austerity measures voted in by the Greek coalition government yesterday evening, a short bio is perhaps more appropriate. I won’t insult our readers’ intelligence by pointing out the subtext. In March 2010, Manolis Glezos was participating in a protest demonstration in Athens, when the Police launched tear gas right into
Manolis Glezos – A Greek Hero Read More »
The Baltic Dry Index And Chinese Import Figures Tell The Story That Most Economists Don’t Want To Hear If there was a well known and highly referenced index that had fallen by over 60% year on year not only would the investment community be deeply concerned, the mainstream media would be catatonic in it’s reaction.
The Baltic Dry Index And Chinese Import Figures Read More »
