Forex Market Commentaries From FXCC – Daily Commentaries on the biggest stories from the world of Forex Trading & Currency Exchange.
During the 2008-2009 banking crisis the FDIC website experienced a surge in traffic. Plenty of observers have kept a ‘weather eye’ on the site since. It listed and continues to list failed banks and financial institutions in the USA whose depositors and investors required assistance from the Federal Deposit Insurance Corporation. The late 2000s financial […]
The Recent History of Epic Bank Failure has been Forgotten Read More »
Whilst all the focus is on the plight of the Eurozone the domestic financial mess the USA is locked in continues to escape rigorous scrutiny. California is bust, Jefferson county can’t afford its sewers and now we learn that Wayne County Detroit’s morgue can’t afford to bury, or cremate their dead. Having sacked three out
Bring Out Your Dead…or Pile Them Up Read More »
[quote]He’s not the messiah, he’s a very naughty boy.. – Monty Python, Life Of Brian.[/quote] There was a time when politicians made an effort to set the moral agenda. However, given the refusal of leading politicians (in all countries) to accept any responsibility for their actions it comes as no surprise when the CEOs of
Falling on your sword is just so last century Read More »
Chinese proverbs, you could spend an age reading the short stanzas whilst contemplating the meaning and being humbled by the wisdom of an ancient culture that has fashioned, reduced and compartmentalised certain life events into short dynamic phrases. Visions of Yoda like Chinese overlords, reverently musing their economic pearls of wisdom, in quiet whispers to
When the Tree Falls, the Monkeys Scatter – 树倒猢狲散 Read More »
As the saying goes; “a week is a long time in politics”, but in Silvio Berlusconi’s situation it’s been an incredibly short week. Last week he’s schmoozing Chinese officials in an attempt to woo China in the hope that China will become the de facto bank of last resort for Italy and indirectly prop up
Italy gets downgraded and now it's Berlusconi's turn to get boiled Read More »
Germany’s ten biggest banks need €127 billion euros of additional capital the German newspaper Frankfurt Allgemeine Sonntagszeitung reported over the weekend, citing a study by economic research institute DIW. The paper quoted Dorothea Schaefer, a respected research director for financial markets at DIW, who predicts that the ratio of banks’ equity capital to balance sheet
Terminal Velocity, the IMF and Goldman Sachs Do The Math Read More »
The United States is the world’s largest producer of ethanol fuel. The U.S. produced 50.0 billion litres of ethanol fuel in 2010. Ethanol fuel is mainly used in the U.S. as an oxygenate to gasoline. In 2009, from all the ethanol fuel consumed in the country, 99% was consumed as ethanol in gasohol. Most U.S.
One of the first and most crucial instructions novice pilots are given in how to communicate with the aircraft control tower is to keep communication brief, clear and relevant. “Think about what you are going to say before saying it. Mentally go over exactly what you will say before touching the radio and keep it
Delta One, this is Control Tower Two Calling, Please Respond…Over Read More »
The European Commission President Jose Manuel Barroso has a plan and it’s backed by a string of high profile figures as a ‘rescue plan’ for the debt crisis Euroland and moreover the major European banks face. The plan is to issue “eurobonds” as a crude method to ‘mop up’ all the pain and share the
The name's Bond, Eurobond Read More »
There is a phenomena occurring throughout Europe that is being hushed, the topic is money flight and it belongs in the same Pandora’s box of discussion subjects governments and central banks would rather not be part of lunch or dinner table ‘investment discussions’ amongst the masses.. “So I rushed down to Barclays at lunch time,
Money Flight and Pulling Gold Teeth Read More »
