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Sep 23, 11 •
8976 Views •
Market Commentaries •
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3 Comments
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...
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Sep 19, 11 •
37106 Views •
Forex Trading Articles •
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12 Comments
There's been a subtle change on the high streets of the UK over recent years. Previously betting shops were mysterious smoke filled denizens where the errant uncle, father or grandfather wasted a proportion of his wages each week, (in between visits to...
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Sep 19, 11 •
6263 Views •
Market Commentaries •
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Comments Off on Fuel for Thought
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...
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Sep 16, 11 •
6541 Views •
Between the lines •
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Comments Off on European Finance Ministers: USA Should Get Own House in Order
“We’re taking no lectures from you” was the polite message European finance ministers and policy makers subtly delivered to USA treasury secretary Geithner on Friday during their meeting in Poland. Austrian Finance Minister Maria Fekter...
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Sep 15, 11 •
12800 Views •
Forex Trading Articles •
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4 Comments
On October 5th 2010 there was an audible gasp in the French courtroom at the historic Palais de Justice when the 'rogue trader' Jérôme Kerviel was convicted of a breach of trust, computer abuse and forgery. The 33-year-old was convicted...
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Sep 15, 11 •
6643 Views •
Market Commentaries •
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Comments Off on The name's Bond, Eurobond
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...
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Sep 14, 11 •
14748 Views •
Market Commentaries •
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4 Comments
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...
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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 •
7842 Views •
Between the lines •
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Comments Off on Italians Wooing Chinese to Buy Italian Bonds
Equities received a modest boost in USA in late trading on Monday evening as news emerged that Italy is apparently courting China trying to get it to buy as much of it’s ‘junk’ as possible. Apparently these negotiations have been conducted...
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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...