Many economists and market commentators fear that the US and other countries with large budget deficits (in their own floating rate currency) face hyperinflation if they; “continue to print their way out of the current problem”. Many also fear that in the example of the USA “Helicopter Ben” has pumped so much “money” into the […]
If Helicopter Ben Flies Again We Needn't Fear Hyper Inflation Read More »
There are numerous times when life and trading dovetail, the phrase; “you are what you eat”, could equally be applied to trading, I’ve often mused on the concept that as retail traders we “only eat as well as we trade”. There are plenty of other examples were we observe trading and life mixing, sport is
You Are What You Eat And You Only Eat As Well As You Trade Read More »
The word “bankster” has been over used since the crash of 2008. In some respects, witnessing the unelected premiers of Greece and Italy turn the tables versus the banksters, is fascinating. To use the German word “schadenfreude” seems appropriate given Ms. Merkel was instrumental in encouraging both countries to put aside such petty trivial matters
Making An Offer They Can't Refuse Read More »
Angela Merkel has finally ‘opened up’ by voicing doubts on Europe’s chances of saving Greece from financial meltdown and a disorderly sovereign default. She has confessed to at times conceding that Europe’s first multi-billion euro bailout, combined with the savage austerity measures witnessed in the PIIGS, is actually not ‘working’. This after a two-year crisis
When You’re Born You Get A Ticket To The Freak Show. When You’re Born In America, You Get A Front Row Seat “The real reason that we can’t have the Ten Commandments in a courthouse: You cannot post ‘Thou shalt not steal,’ ‘Thou shalt not commit adultery,’ and ‘Thou shalt not lie’ in a building
When You’re Born You Get A Ticket To The Freak Show Read More »
The British economy shrank by 0.2% in the fourth quarter of 2011, according to official ONS figures, edging closer to a recession (defined in the UK and Europe as two or more consecutive quarters of contraction). This is worse than economists expected, having pencilled in a 0.1% contraction. In the third quarter of 2011, the
The UK Economy Edges Closer To A Double Dip Recession Read More »
Standard & Poor’s are likely to downgrade Greece’s ratings to “selective default” once the country has finalized its debt restructuring, however, that will not necessarily irreparably damage the credibility of the European Union officials with the ratings agency said on Tuesday. “It’s not a given that Greece’s default would have a domino effect in the euro zone,”
Europe’s Debt Crisis Could Tip The World Economy Into Recession – IMF Read More »
When asked on US television in the late 1990's if she (Madeline Albright, US Secretary of State) thought that the death of half a million Iraqi children (from sanctions in Iraq) was a price worth paying, Albright replied: "This is a very hard choice, but we think the price is worth it." If one single
Sanctions Come Somewhere Between A Soldier And A Statement Read More »
Jesse Livermore was a famous (arguably infamous) speculator and market operator. He is famed for firstly making and losing several multi-million dollar fortunes and secondly for his aggressive short selling during the stock market crashes of 1907 and 1929. His legendary short selling expertise earned him the title “The Boy Plunger”.. Inadvertently he provided many
Money Management, Mind & Method – The 3 Ms Read More »
Following yesterday’s meetings in Brussels, Greek ministers have insisted that banks must accept a lower interest rate on the new Greek bonds that they will receive as part of the ‘swap’ deal. The 4% coupon demanded by the Institute of International Finance (IIF) (who represent Greek creditors) is not deemed to be acceptable. The move
Greek & Euro Ministers Play Game Of Show & Tell With Private Bondholders Read More »
