As expected, they did not default externally and did an eleventh hour turnaround: “…The big issue on everyone’s mind is would the US government default. The short answer for external creditors is no.… Continue reading
Down to the wire on this balmy public holiday in Singapore and the world is sitting on edge. It’s the Reuters article this morning that is giving the markets a boost, that a… Continue reading
Tired of being buffeted around in the markets because of this debt ceiling deadlock, why not pretend it is over ? What’s next ? Shutdown to slowdown ? US economic data has… Continue reading
Contradictions are hard to bear. Median U.S. household income in 2012 is $51,017 a year, down from $51,100 in 2011 http://money.cnn.com/2013/09/17/news/economy/poverty-income/index.html vs The United States posted a fifth successive year of rises in… Continue reading
Fun filled times with 2 sovereign defaults looming – Argentina and Puerto Rico. That is if we assume that the US will not default and assurances from professionals are that it will just… Continue reading
As we have said before, Yellen will be the new Fed Chief: https://tradehaven.net/market/ad-hoc-commentary-yellen-2014-clinton-2016/ http://www.bloomberg.com/news/2013-10-08/yellen-to-be-named-fed-chairman-as-obama-taps-first-female-chief.html The big issue on everyone’s mind is would the US government default. The short answer for external creditors is… Continue reading
Even great ideas like the American Idol start suffering from viewer fatigue after the 12th inning: “…Total viewers equaled 14.3 million — the first time a finale has not reached the 20-million mark… Continue reading
We like to read all these stories of crimes and punishment which are becoming a daily staple in the papers. It is virtually impossible to keep up with the number of corruption cases… Continue reading
Not a single doji in sight for the monthly candles. The quarter will end in a nice way given the Hindenburg omen expires tomorrow ! Examining the quarterly performance, we find Nikkei and… Continue reading
FOMC and Taper Standard Non Radical Views from the US Banks “Expectations going into this meeting are wide and varied – but consensus distills to a $10bn reduction in UST purchases with no… Continue reading