Whilst it’s not Fitch, Moody’s or Standard & Poor’s Sean Egan of Egan-Jones is a highly respected analyst and let’s not forget this was the agency that stole a march on S&P by downgrading the USA credit rating whilst S&P executives were busy naval gazing. The company also sounded the alarm bell on Lehman Brothers, […]
Germany Downgraded By Ratings Agency Read More »
Many of us within the investment and trading community have scratched our collective heads when considering just how gravity defying the equities market has been over the past two years. Due to the paradigm shift and mixed phenomena of bailouts, rescues and quantitative easing (underscored by a unified zirp policy adopted by most leading economies)
The EFSF, The European Financial Stability Facility, finally lost its top credit rating with Standard & Poor’s after the rating company downgraded France and Austria amongst several other countries on Friday. After European markets closed today S&P cut the rating of the European Financial Stability Facility, the euro-region bailout fund, to AA+ from AAA. S&P
As The EFSF Is Downgraded Is A Greek Default Now Inevitable? Read More »
The habit of the rating agencies is to announce serious downgrade information on the last trading day of the week, more often than not they’ll encourage the market to adjust to the imminent news (by way of rumors and or leaks) and then deliver the blow once the markets have closed, presumably this is so supposed ‘cool
The Euro Has Fallen 8.5 Percent Versus The Dollar Since October Read More »
Before being railroaded and bullied into empty tub thumping rhetoric it might have been worth the European Union mandarins and apparatchiks pulling up an oil supply chart and spotting that cutting off supply from your second largest supplier isn’t the brightest of ideas. Particularly if that biggest supplier has a) pathological habits of over estimating
Chancellor George Osborne has suggested that Britain could increase its payments to the International Monetary Fund in order to help heal Europe’s debt crisis. Osborne told the UK parliament on Wednesday that he could be swayed by a “well-argued” case, although funds could not be pumped straight into the eurozone, presumably the funds would be
It’s been a quiet few weeks with regards to the Eurozone crisis, since mid December the news hasn’t been anywhere near as dynamic or spectacular. Greece, Italy, France, AAA ratings, disorderly break up..all these subjects that were top of the news agenda have slipped down the rolling news reel order. However, if I could be
“Greek Tragedy”, “It’s All Greek To Me”, The Lame Greek ‘One-Liners’ Are On The Way Back Read More »
So where do you see the euro ending 2012 and beginning 2013? Well here’s a surprise, despite all the doom mongering by the mainstream media when Bloomberg gathered up the predictions by the globe’s leading forecasters none of them predicted that the euro will disappear in a puff of value, at least not versus the
Leading Forex Forecasters Place Their Bets Predicting The Euro To Be $1.30 By 2013 Read More »
You don’t have to dig too deep by using Google or Bing in order to find alternative theories, beyond the deeply intelligence insulting rhetoric of “weapons of mass destruction”, for the invasion of Iraq. Similarly the Libya ‘liberation’ shared a common theory, currency wars. Theories suggest that Iraq threatened to sell oil in Euros, whilst
Is “Currency” The Real Reason The ‘Sabre-Rattling’ Versus Iran Has Escalated? Read More »
The big market event tomorrow could prove to be the latest NFP figures to be released at 1:30 pm GMT. Although the ADP figures have, (over the past few months) been a poor herald for the proceeding NFP figures on the following Friday, optimism remains high that the first NFP figures of the new year
Has The USA Turned The Unemployment Corner? Read More »
