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 »
China’s official news agency, Xinhua, has ridiculed U.S. lawmakers’ efforts to pressure Beijing over its currency policy insisting that the USA admin. is resorting to deflecting blame onto China for its own domestic economic malaise. “This has become a common practice, whenever the (U.S.) economy is slow, whenever an election is nearing, voices in the
China Whispers..then SHOUTS Read More »
It's so comforting to know that the 'lender of last resort' always has its priorities in the right place. On September 22nd, amongst the press releases issued from its headquarters in Washington, the IMF finally released the news that the markets, central banks, governments and the multi faceted worldwide collection of, investors, commentators and journalists
Thunderbirds Are Go! International Rescue (the IMF) are Primed and Ready to Launch Read More »
In a late rally US stocks climbed to end the day in positive territory. The SPX closed up 0.81% to be back in positive territory year on year. Whilst the markets expected a unified vote by the German government to be duly ratified disappointing consumer confidence figures weighed heavily in mid afternoon trade. Consumer confidence
US Consumer Comfort Index Down This Week Read More »
It’s so comforting to know that the ‘lender of last resort’ always has its priorities in the right place. On September 22nd, amongst the press releases issued from its headquarters in Washington, the IMF finally released the news that the markets, central banks, governments and the multi faceted worldwide collection of, investors, commentators and journalists
Thunderbirds Are Go! International Rescue (the IMF) are Primed and Ready to Launch Read More »
Investors are wary as inspectors from the EU and IMF head to Greece in order to forensically scrutinize their revised austerity plans. German Chancellor Angela Merkel has her own issue, attempting to defuse a revolt within her own government ahead of the absolutely crucial vote on Thursday to expand Europe’s bailout fund. The international auditors return to
“Love Letters Straight from the Heart” – of Greece’s Turmoil Read More »
Stocks retraced their earlier gains on Wall Street on Tuesday closing 1.33% up on the day having spent the majority of the day up circa 200 points or 2%. Despite the waves of optimism due to the various solutions floated by the official bodies in Euroland the question of Greece once again reared its head
Wall Street Stocks Close 1.33% Up Read More »
Please no laughing at the back of the class, the Polish currency, the zloty, is apparently falling out of favour with investors and speculators. Are you thinking what I’m thinking, that it’s a shame they didn’t ditch their sovereign currency in 2002 and join the euro? Trading humour can be so cruel. The zloty is
The Zloty Loses its Slot Read More »
So a nuclear physicist, a lawyer and a history student walk into a meeting..if you were expecting a joke, or an ending with a punchline, then I’m sorry to disappoint. The nuclear physicist is Ms. Merkel, the lawyer is Ms. Lagarde and the history student is one George Osborne and this trinity of (supposed) brilliant
Politicians, And Their Three Hats Read More »
