The updated weekly USA unemployment figures were published on Thursday. The number of Americans filing claims for jobless benefits hardly changed since the previous week. Applications for unemployment insurance payments decreased 1,000 in the week ended Oct. 8th to 404,000, Labor Department figures showed today. Economists forecast 405,000 claims according to the median estimate in […]
Can Desperation Lead to Inspiration? Read More »
When you reach the end of your rope, tie a knot in it and hang on – Thomas Jefferson The president of the European Commission, Jose Manuel Barroso, set out a plan on Wednesday designed to finally bring to an end the eurozone debt crisis. Mr Barroso stated that banks must set aside more assets
When you Reach the End of Your Rope, Tie a Knot in it and Hang On Read More »
U.S. stocks flatlined on Tuesday after the best five days for the S&P 500 in two years, investors now look to the earnings season for a reason to extend the optimism for a market rebound. Stocks wavered throughout the NY session. Markets have been constantly reacting and over reacting to euro zone news where officials
Who Dares Wins, the SaS Brings Down the Slovakia Government and Threatens the EFSF Read More »
Napoleon complex is a term for describing an alleged type of inferiority complex said to affect men who are short in stature. The term is used more generally to describe people who are driven by a perceived handicap to overcompensate in other aspects of their lives. The Napoleon complex is named after French Emperor Napoleon
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Dexia bank, the bank with a global credit risk exposure of $700 billion (more than twice Greece’s total default ‘risk’ loss) is being watched closely for signs that Europe might be capable of decisive action to resolve its banking crisis. Dexia, who used short-term funding to finance long-term lending, experienced credit evaporating as the euro
No Middle East ‘Sugar Daddy’ on the Horizon to Rescue the Eurozone Crisis Read More »
The same headline phrase was constantly repeated on the mainstream media tv and radio channels on Thursday after the BoE MPC announced it was reverting back to the last trick in it’s toolbox, more quantitative easing. “The Bank of England has announced it is to inject £75 billion directly into the UK economy by way
Quantitative, Qualitative or Just Desperate? Read More »
The UK Conservative party’s annual conference came to an end on Wednesday. Rumors have been circulating that the UK coalition government is about to cave into intense lobbying pressure and reduce the fifty percent rate of tax as, in the opinion of many Conservatives, it doesn’t actually provide a great deal of extra revenue. The suspicion is
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The market soared late in the New York session as a consequence of Dexia executives apparently agreeing to put circa €180 billion of assets into a ‘bad bank’. The SPX soared circa 4.1% to end the day up 2.25%. This development was twinned with news from Luxembourg that during the latest EU ministers meeting they’d
Dexia’s Midnight Runners Read More »
Whilst numerous cerebral films, bios and documentaries have been made musing on the reasons for the 2008-2009 crash, (such as the superb Inside Job), none managed to capture the malaise with the clarity, brevity and humour as the episode of South Park called Margaritaville. The basic premise behind the episode was to explain why the
When Will the Troika’s Headless Chicken Fall on the Bailout Spot? Read More »
The same headline is constantly being regurgitated by the usual financial media outlets day after day, it repeats something like this; “US Stocks and the Euro fall as Greece concerns outweigh positive U.S. economic data..” Or we read something similar to the following most days of the week; “Large U.S. bank stocks fell sharply on
Stocks Falling Due to Eurozone Debt Crisis Read More »
