Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
Work until you’re 75? You may have to according to leading academics specializing in the pension industry. The pensions ‘police’ don’t want the retirement age lifted and your contributions increased so you can sky dive and scuba dive in your retirement, they want it raised so you’re closer to death, ergo they pay out less. Even better […]
The Pensions Time Bomb Read More »
Italian Technocrat Fears Uprisings And Protests In Italy Once Austerity Measures Begin To Bite Unelected technocratic Italian Prime Minister Mario Monti has made a plea for more “help” before convening talks in Berlin with German Chancellor Angela Merkel today, warning that his austerity measures could trigger anti-European protests in Italy without signs of progress. Monti
Italian Technocrat Fears Uprisings And Protests In Italy Read More »
USA Consumer Credit Reaches Ten Year High As Savings Rate Continues To Languish The news released yesterday that USA citizens had gorged on a credit binge (the likes of which had not been seen for ten years) took many market commentators and publishers by surprise. Whilst there is evidence that a degree of optimism is
USA Consumer Credit Reaches Ten Year High Read More »
We covered how the austerity measures are beginning to bite hard in Greece during our tale of two cities forex market commentary of last week. The youth unemployment problem is dire, adoption and care agencies are at breaking point as desperate families are giving up their children for adoption but these charities (having had their
Greeks Use Bailout Cash To Buy Military Hardware Read More »
Despite the Eurozone debacle the French are showing remarkable trust in the system, their banks and our beleaguered, battered and bruised single Currency. With one of the lowest personal debt ratios in the Eurozone, partly as a consequence of the French not over indulging in the sub prime mortgage debt binge that Brits gorged on
The euro has strengthened versus the dollar for the first time in four days of trading due to the leaders of Germany and France meeting today. The euro had earlier fallen to an 11-year low versus the yen ahead of a report today that economists thought would show industrial production in Germany, Europe’s biggest economy,
Reasons To Be Cheerful Parts 1-2-3 Read More »
You know that scene in the film Groundhog Day, when Bill Murray is woken up by his alarm clock to find it’s the same old re-cycled pattern to his day, day after day? I really need to change radio stations for our alarm clock, every weekday morning I’m woken up at 6:45 am by the
So The Euro Disappears, What Happens Next? Read More »
International Monetary Fund Managing Director Christine Lagarde said on Friday at a gathering in Pretoria South Africa that she didn’t think 2012 would be “the end of the euro currency” despite the debt crisis in the euro zone. [quote] Will 2012 be the end of the euro? My answer is, I don’t think so. The
IMF Chief Predicts Euro To Survive Read More »
They are not too dissimilar in economic terms, Ireland is ranked as 48th on a global scale and Greece is ranked as 37th. The GDP per capita of Greeks is $27,875 (nominal, 2011 est.) and the GDP per capita of the Irish is $37,700 (estimate 2009-2010). There is one stark difference, the ease of doing
A Tale Of Two Austerity Cities, Athens And Dublin Read More »
The impact of austerity measures is hitting hard in Ireland. Arguably the first major developed economy to suffer at the hands of the ‘Austerical’ technocratic impositions of the EU and IMF the country is now teetering on the edge of a ‘technical recession’ although to argue the technicalities of such a situation seems irrelevant given
The Reality Of Harsh Austerity Measures As Illustrated By Eurozone Member Ireland Read More »
