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Sep 14, 11 •
6443 Views •
Market Commentaries •
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Comments Off on If the European Monetary Union collapses what happens next?
Amongst the many human characteristics many of us find unpleasant the penchant for saying “I told you so” must rank high. Listening to, or reading commentary from long term opponents of the European Union, who are now basking in their fifteen...
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Sep 14, 11 •
10774 Views •
Market Commentaries •
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Comments Off on Kick it into the long grass, kick it further, then bury it
There were respected economists such as Nouriel Roubini who, as early as 2005-2006, spotted the dangers the shadow banking system were potentially causing the credit markets. When the cardiac arrest came in 2007-2008, perpetuated by Bear Sterns and ultimately...
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Sep 13, 11 •
8045 Views •
Market Commentaries •
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1 Comment
Throughout the global financial maelstrom which has existed since 2007-2008 Australia has continually bucked the trend. Even the devastating series of floods experienced in Jan this year (2011) appeared to only temporarily knock the vast country from...
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Sep 13, 11 •
10117 Views •
Market Commentaries •
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3 Comments
The USA Congress estimates that the war waged in Afghanistan since ‘911’ has cost nearly $450 billion. That sum is equivalent to handing every Afghan man, woman and child $15,000. That sum is also 10 years of earnings for an average Afghan,...
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Sep 9, 11 •
7013 Views •
Market Commentaries •
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Comments Off on You can fool some of the people some of the time, but you'll never fool the markets all of the time
Can someone “do the math” as President Obama urged Congress? How do you re create the ten million jobs lost in the USA since 2007 with $447 billion of dollars? How do you pull these rabbits out of hats whilst keeping the debt ceiling under the...
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Sep 8, 11 •
6231 Views •
Market Commentaries •
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Comments Off on The Market Giveth and the Market Take Away
Since the Swiss national bank ‘took out’ a series of trading pairs with their determination to in effect ‘peg’ the franc, the CHF pairs have been virtually untradeable. Even from a potential position trade perspective many currency...
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Sep 7, 11 •
12566 Views •
Market Commentaries •
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2 Comments
The new or rather renewed phrase on every bodies lips after yesterday’s stunning bombshell, (delivered with precise laser guidance by the Swiss central bank), is “currency wars”. Previously this phrase had been reserved for the supposed...
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Sep 6, 11 •
6696 Views •
Market Commentaries •
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Comments Off on Are the ghosts of 2008-2009 looking to haunt the markets again?
There were many amongst us in 2008-2009 who believed that insoluble medium term sovereign debt crises would be the ultimate result of rescuing the insolvent banking system by way of quantitative easing and continual bailouts (both secretive and published). As...
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Sep 5, 11 •
6583 Views •
Market Commentaries •
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1 Comment
Ignoring the misspelling of the word “labour” there is both sadness and irony contained in a report published over the weekend indicating the true depth and severity of the USA economic situation… The percentage of working-age Californians...
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Sep 2, 11 •
4995 Views •
Market Commentaries •
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Comments Off on Employment, employment, employment and the F PIIGS
For those amongst us who are not UK based, or not familiar with some of the soundbites our various UK politicians have used, “education, education, education” was a heralding cry by a previous Prime Minister on his election campaign. As to how and...