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Oct 13, 11 •
9502 Views •
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Comments Off on Can Desperation Lead to Inspiration?
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....
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Oct 12, 11 •
10901 Views •
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Comments Off on When you Reach the End of Your Rope, Tie a Knot in it and Hang On
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...
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Oct 12, 11 •
5379 Views •
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Comments Off on Who Dares Wins, the SaS Brings Down the Slovakia Government and Threatens the EFSF
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...
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Oct 11, 11 •
4572 Views •
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Comments Off on What Does Columbus Day and the Napoleon Complex Have in Common?
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...
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Oct 10, 11 •
4480 Views •
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Comments Off on No Middle East ‘Sugar Daddy’ on the Horizon to Rescue the Eurozone Crisis
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...
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Oct 6, 11 •
9850 Views •
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Comments Off on Quantitative, Qualitative or Just Desperate?
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...
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Oct 5, 11 •
6936 Views •
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Comments Off on Black Swan, Unemployment and Anonymous
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...
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Oct 5, 11 •
3840 Views •
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Comments Off on Dexia’s Midnight Runners
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...
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Oct 4, 11 •
4687 Views •
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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...
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Oct 3, 11 •
13106 Views •
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Comments Off on Stocks Falling Due to Eurozone Debt Crisis
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...
