Stocks have risen for a second day on Thursday as anticipation has grown that policymakers will finally take steps to support European banks under threat from the impact of a possible Greek default. German Chancellor Angela Merkel stated on Wednesday that Germany was ready to recapitalize its banks if needed, European finance ministers appear to
No Tequila Sunrise for Those who Bet on the Peso versus the Dollar Read More »
When the main markets began to ‘correct’ in late July – early August many sages and sock puppets were immediately let loose to ‘astroturf’ the airwaves, forums and usual suspect news broadcasts in order to soothe the masses with regards to the impact. One of the most prominent messages was; “well we’re still in positive
Does a dead cat still bounce when it's nine lives are over? Read More »
As the USA gets prepared to bite the hand that feeds you have to wonder if they’ve really thought this through, or is this latest invented enemy simply a xenophobic ill timed swipe at anything ‘anti American’? When your country’s economy is 70% reliant on consumerism and only twelve percent manufacturing perhaps you should tread
The Great Wall of China is a Match for the Wails of the USA Read More »
The Federal Reserve Bank of New York will begin to question foreign banks for more thorough reports on their liquidity (and indirectly their solvency) as the U.S. steps up its risk monitoring of Europe’s sovereign debt crisis. Regulators have apparently held informal talks with the largest European lenders. The reports may cover potential liabilities such
USA FED Plays Show and Tell Read More »
So many of the sacred cows of the investment world and financial boom appear to be getting slain lately that it’s becoming increasingly difficult to keep up. Australia appears to have recently lost its edge and shine and now New Zealand’s economic growth is under intense scrutiny. Similar to the Aussie the Kiwi has been
Ka Mate; The Haka Won't be Enough to Rescue New Zealand from Financial Meltdown Read More »
As Spain suffered a general strike yesterday, in opposition to the severe austerity measures, once again the mainstream news outlets choose to largely ignore the protests. Buried deep amongst the torrent of news relating to the Eurozone crises, there is one aspect that hardly ever merits a mention, the human angle. Whilst countries such as
Spain's Bull Fighting Ends But The Fight In The People Lives On Read More »
Not wanting to be left behind by various actors, pop stars and other members of the glitterati, the European Commission president Jose Barroso played his popular card in his EU address on Wednesday and lent his support to the zeitgeist of banker hatred by suggesting that a financial transaction tax, the Tobin tax, or what’s
Why the Robin Hood Tax, Belongs With the Men in Tights Read More »
The euro has reversed it’s overnight, early morning bearishness versus the major currencies to make strong gains ahead of two crucial meetings; the troika meeting to rubber stamp Greece’s next proportion of bailout funds and Angela Merkel’s government vote on just how far Germany is prepared to support this and further bailouts for the seventeen
The First of Many D Days for Europe, Decision Days Read More »
“Bread and Circuses” is regarded as a metaphor to explain the superficial means of appeasement. In politics the phrase is used when describing the synthetic creation of public approval. Not through exemplary public service and policy creation, but through immediate satisfaction by pandering to the shallow requirements of the populace. The phrase also suggests the
Does the Premier League have the X-Factor of Rome's Bread and Circuses? Read More »
It was inevitable that the very strong relief rally the markets enjoyed yesterday was unsustainable. Has there ever been a time in recent trading history were merely the mention of possible solutions by European policy makers can lead to such wild swings of sentiment? We’re still some distance away from implementation of the various mechanisms
Relief Rally Fades as the Reality Bites Read More »
