The answer isn’t price, the price is right; the answer is ”Risk”. We have spent the last 4½ years getting a salutary lesson in risk and its consequences, including volatility, uncertainty, insecurity, fear, smashed expectations, lost time and ultimately, all that really matters, capital losses. We are fed up with losing money basically. Even with […]
It’s Time for a Run on the Markets, so What's Holding us Back? Read More »
New Zealand’s current account deficits have led to a build-up of net financial liabilities, mainly in the form of debt borrowed from overseas to fund the deficits. This is the same as most of the world over the past 4 years, although New Zealand has kept it to a minimum and has managed their budgets
New Zealand A Diamond In The (Economic) Rough Read More »
U.K inflation may be slightly higher this year and next than the Bank of England forecast last month, due to the threat of higher oil prices and weak productivity growth, BoE chief economist Spencer Dale remarked today. The Bank needs to keep a close eye on whether the long-term unemployed dropped out of the job
Britain On The Mend Says BoE Read More »
Saudi Arabia, the world’s largest oil producer, said it would work alone and in cooperation with other producers to ensure adequate global supplies of crude oil, market stability and fair prices, Dow Jones Newswires reported. Traders also stressed over news China have raised pump prices for diesel and gasoline, seen as leading to higher crude
Crude Falls On Tuesday Trading Read More »
The UK’s Building Societies Association (BSA) has noticed an improvement in consumer sentiment in their most recent housing data. Although the major concern for most UK residents are high unemployment and little to no job availability, it seems that people who were never concerned before are beginning to worry, with the ongoing austerity measures, and
A Quick Look At The UK Housing Market Read More »
William C. Dudley, President of the Federal Reserve Bank of New York said today that “real economic activity has yet to be strong enough on a sustained basis to make a big dent in the overall amount of slack in the U.S. economy,” and he pointed to falling participation as support for his view that labor-market
UBS, the Swiss investment bank has lowered its 1-3 month forecasts for gold in expectation of a viable worldwide industrial recovery, particularly in America. The bank expects gold costs to average $1,550 in the following one month, just about 13% lower from a prior outlook of $1,775 per oz., even though it has reduced its
UBS Revises Gold Forecast Down Read More »
The Australia dollar otherwise known as the Aussie held gains against the USD after reaching the top in a week after RBA Governor Stevens related in his presentation today that China will “grow pretty strongly.” The kiwi reached a nearly 2 year high vs. the yen after reports signaled improvement in New Zealand’s services industry
A Quick Look At Asia On Monday Morning Read More »
What will the Reserve Bank of Australia do at their next meeting? This is the main topic of conversation all over Oz. From Breakfast tables, to Board Rooms, from Banks to Real Estate Offices the conversation has turned to interest rates. Australia is a land of gamblers and you can make book that someone will
Making Book On The Australian Reserve Bank Read More »
Last evening, Treasury Secretary Geithner addressed the Economic Club of New York. His speech was quite moving, he slowly built a clear and understandable path, leading the audience to the conclusion that the US is entering full recovery mode, he detailed, each step of this process, how the Obama Administration slowly planned and executed its
Treasury Secretary Geithner Addresses The Economic Club Read More »
