Morning Roll Call

Regular readers of our blog entries will note that on several occasions and on several journal entries this week, we warned our community with regards to the impending NFP job number and how it may be an ‘outlier’ causing over-reaction. We were urging caution due to the jobs data being 18 days late and it […]

It’s hard to commend the ECB, the Eurogroup and the dreaded troika for its effective management of the Eurozone crisis given the punishing austerity measures that many of the PIIGS have had to endure as a consequence of investment bank failure. Some of the dire consequences of the austerity measures unleashed in Greece, Spain, Ireland

Now the dust has begun to settle with regards to the debt ceiling temporary solution, the overall reaction appears to be one of indifference. In many respects that’s a good result as we can now begin to focus more on other high impact news events and policy decisions. Normal service will be resumed, if only

And relax, we can all breathe easy now the debt ceiling impasse has been resolved. From a personal viewpoint many of us in the analyst community are really looking forward to not having to write words such as; “impasse, deadlock, debt ceiling, Congress etc for a long time.” Oh, what’s that, the agreement is only

Finally one of the most respected rating agencies has broken rank over the USA debt ceiling deadlock by technically lowering the USA credit rating. Senate Majority Leader Harry Reid had stated on Tuesday evening (USA time) that the major credit rating agencies were considering a downgrade of the United States “as early as tonight,” as

At least once a year traders appear to suffer from a malaise, they become stuck in a market vacuum and it’s not of their own making. It only seems like yesterday that many of us in the analyst community were fretting with regards to the fiscal cliff in the USA, it’ll be approximately eleven months

There was quite a dramatic moment in the senate committee hearing where Jack Lew took centre stage on Thursday, Democrat senator Maria Cantwell produced a graph of America’s short-term borrowing costs, showing a spike in interest rates over recent days… She stated that people don’t realise the implications of America’s credit-worthiness being questioned, quoting an

The DJIA index appeared to briefly escape the clutches and stranglehold of the debt ceiling crisis on Wednesday. The Whitehouse, getting back to the normal business of nominating (or more likely announcing ) Janet Yellen to the position of Chairman of The Fed, appeared to both add an aura of calm and perhaps a ‘healthy’

The IMF finally added its voice to the opinions of; APEC, Chinese officials, Japanese officials, Goldman Sachs, the USA Treasury chief, and other assorted bank chiefs and analysts regarding the debt ceiling. There was one other voice who added his opinion later in the day on Tuesday; in the gravest of tones president Obama made

Many investors are aware that China is the largest holder of USA debt in the form of U.S. Treasuries, therefore when Chinese officials raise their concerns, with regards to the current impasse, investors, analysts and traders should sit up and take notice. As the biggest single holder of US debt, China would be at the