The major market sell off experienced yesterday ‘across the board’ was due to the ECB revealing that it’s balance sheet had swelled to record highs as a consequence of its successful loan tender in the week preceding Xmas. As the deadline looms for bids in the Italian debt auction the bond markets reaction is bearish, […]
Pre Xmas Optimism Blown Away Due To The ECB's Swollen Loan Book Read More »
The “currency war” appears to be experiencing a truce for now, the USA admin. is using a far more conciliatory tone and employing improved diplomatic language when describing the value of the Yuan and the supposed harm it’s inflicting on the USA economy. The U.S. Treasury avoided labelling China a currency manipulator on Tuesday, but
The USA Has No Option But To Play 'Soft-Ball' With China Over The Yuan 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 process of dismantling the last remaining B53 bomb in the USA stockpile commenced on 25 October 2011 and was completed soon afterwards. The Mk/B-53 was a high-yield bunker buster thermonuclear weapon developed by the United States during the Cold War. With a yield of 9 megatons of TNT it was the most powerful weapon
The B53 is the USA economy Read More »
