Bloomberg have released a Christmas cracker for investors this morning, under the USA Freedom of Information Act they’ve obtained the detail on the loans made to the banks and various financial institutions from when the banking system began to implode in 2008-2009. I’ve provided a link to the main body of the information, but it’s […]
St. OMO, The 'Beatification' Of The FED May Take Some Time Read More »
The traditional “Santa Claus rally” refers to the seasonal tendency for equities to gain in the final five trading days of the year and first two trading days of the new year. Rumor (and anecdotal evidence) suggests that the main reason for this secular rally is due to traders not wanting to liquidate any positions during this
Is Wall Street On Santa's Naughty List? Read More »
The KLF (also known as The Justified Ancients of Mu Mu, The Time-lords and other names) were one of the seminal bands of the British acid house movement during the late 1980s and early 1990s. From the outset, they adopted the philosophy espoused by the esoteric novel series The Illuminatus Trilogy. KLF gained notoriety for
The KLF Were Lightweights At Burning Money. The Swiss Know How, When And Why To Do It Read More »
Ireland was regarded as the poster child for a booming economy. When period houses in Dublin were selling for over a million euros in 2007 it was regarded as good news, there was no reference to first time buyers left stranded as the first rung remained out of reach. House prices have collapsed by 15.5%
The Austerical Deliverance Of The Technocrats Isn't Working Read More »
Whilst investors are winding down for the year-end and trading volumes are set to dwindle, the threat of mass credit ratings downgrades for the euro zone countries still stalks the market. However, the European Central Bank lending programme yesterday eased fears about an immediate ‘credit crunch’, although it’s not regarded as resolving the huge indebtedness
Investors Pause For Breath And Take Stock Read More »
The giddy market atmosphere created by the ECB’s LTRO could not be sustained through the afternoon session. In fact, approaching the USA afternoon opening bell, the optimism had completely evaporated. Investors realized that, although the operation by the ECB has provided liquidity, in terms of a solution to the debt crisis there is no silver bullet. Apparently
Party Poopers Kill The Joy Of The ECB Give Away Read More »
The KLF (also known as The Justified Ancients of Mu Mu, The Time-lords and other names) were one of the seminal bands of the British acid house movement during the late 1980s and early 1990s. From the outset, they adopted the philosophy espoused by the esoteric novel series The Illuminatus Trilogy. KLF gained notoriety for
The KLF Were Lightweights At Burning Money. The Swiss Know How, When And Why To Do It Read More »
The head of the world’s biggest bond fund said he sees a more than one-in-three chance that the euro zone will break apart in 2012-2013 and trigger a financial crisis akin to the one that devastated the global economy in 2008. “It would be the equivalent of a sudden stop” in which financial markets seized
Brothers In Arms Get Money For Nothing Read More »
“The Gold Diggers’ Song (We’re in the Money)” is a song from the 1933 film Gold Diggers of 1933, sung in the opening sequence by Ginger Rogers and chorus. The lyrics were written by Al Dubin and the music by Harry Warren. It became a standard and its melody is well known. Early renditions of
The Gold Diggers Song – We're In The Money Read More »
The big Euro news on Wednesday is that the ECB will take the unprecedented step of offering “unlimited” euro zone banks loans of up to 3 years on December 21st at a rate of around 1 percent in a move that should theoretically ward off a credit crunch that would arrest the currency bloc’s economy.
The Pain In Spain Stops Falling…In The Main Read More »
