U.S. stocks recovered to close flat on Wednesday due to positive economic data whilst crude oil moved higher due to a European Union agreement to ban imports of Iranian oil. The euro and European equities struggled to make gains as investors’ concerns once again returned with regards to the region’s debt crisis. Concerns about the […]
European bourse indices faired well in thin trade during the first European session of 2012, the general mood of optimism appeared to ignore the disappointing data emanating from Europe suggesting that the zone was close to falling back into a technical recession in the first quarter of 2011. Buried deep within various reports on Monday,
No Va Va Voom In The Latest European Economic Data Read More »
As Japan and China officials made statements today declaring that they’ll promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies involved in the exchanges, the Yuan reached record highs in thin trading. The significance of this announcement should not be overlooked, particularly as
Yuan Hits All-Time High 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 »
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 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 »
One thing’s for sure the xenophobic, Eurosceptic, lowest common denominator element of the UK press will be doing cartwheels with the news that the UK has refused to pitch in its share to provide a part rescue fund for the IMF to in turn support the E.U. The UK’s refusal will be spun as one
Doomsday scenarios are so overdone, similarly futuristic predictions as to how we'd all be living in the twenty first century have always disappointingly fallen short of the mark. I can't be the only one feeling slightly let down by technology, yes we have our smart phones, can communicate over the new fangled 'inter web' have
Mad Max or Blade Runner? December 19th 2012 Read More »
