Gold fell for a third day, touching a four-month low and virtually wiping out its gains for 2012 as an escalation in the euro zone debt crisis and political turmoil prompted investors to move to dollars and German government bonds as safe havens. Political upheaval in Greece, a change in the French presidency and renewed concerns about the resilience […]
Gold Falls On Global Sentiment Read More »
European equities and U.S. equity futures have fallen in the morning session whilst the euro weakened as Moody’s Investors Service reported that it will review ratings for countries in the region post last week’s summit. The overall bearish mood has been accentuated as Italy and France prepare to sell debt in today’s sessions. Commodities have
Doubts Remain And The Narrative Resumes Versus Europe's Solvency Read More »
UK Prime Minister David Cameron will be warned today that he risks creating an unstoppable momentum behind a “two-speed Europe”, which would be dominated by France and Germany, if Britain seeks to gain political advantage by making demands for too many concessions during the eurozone crisis. In a series of meetings in Berlin and Brussels,
Can A Two Speed Europe Be The Route Forward, Or Will The Divisions Render It Unworkable? Read More »
At times it’s worth taking a step back from chaotic situations in order to evaluate the damage. This also provides the opportunity to establish what measures have been taken to move away from chaos into effective crisis management. A clearer picture can then emerge as to how the damage is being contained, repaired and what
Déjà Vu, The Uncanny Sense That We've Been Here Before Read More »
The current vogue in market analyst circles, when commentating on data produced by various government bodies or respected publishers, is to micro-analyse each minuscule movement and produce reams of discussion on each small variance. Whereas previously a movement of circa 0.5% would be regarded as irrelevant ‘noise’ given it could be a statistical blip or
Just Above Zero Is The New Norm Read More »
Sacrifices were the essential elements in Greek and Roman religious rituals. Sacrifices could be offered for thanksgiving, to ask for something, or to satisfy the gods. Sacrifices could be of meat, other food, or drink. The last are usually called libations. There were various types of animal sacrifice, including suovetaurilia, for a pig, ox, or
The Greeks And Romans Are To Make Sacrifices Read More »
There’s a media ‘joke’ doing the rounds at the moment, it has all the wit of a German attempting stand up during an open mike session at the Comedy Club so please don’t shoot the messenger but here goes..there’s only one person who Obama can lose the 2012 election to, Angela Merkel.. Apparently the Washington
People Who Live In Glass Houses (or the Whitehouse) Shouldn't Throw Stones Read More »
The headlines read; the parliament is convening in order to orchestrate a vote of confidence, or to potentially vote on new austerity measures, or to potentially dissolve parliament and create a new ‘unity government’ (an unelected coalition)..but this isn’t Greece this is Italy, largest debtor by measurement of government bonds there is and this debacle
Italy's Genie Is Out Of The Bottle Read More »
Taking a step back it has been incredible to witness the ‘volte-face’ performed by Greek politicians. How quickly the door has been slammed in the face of the democratic process and how those politicians have re-grouped in order to protect the banks and markets is breath taking. Not once but twice in the space of
As Focus Shifts To Italy, Next In The Firing Line Will Be France Read More »
La Dolce Vita, Italian for “the sweet life” or “the good life” is a 1960 comedy-drama film written and directed by Federico Fellini. The film is a story of a passive journalist’s week in Rome, and his search for both happiness and love that will never come. Generally cited as the film that marks the
