The official story is the European Central Bank (ECB) interest rate cut is to prevent euro zone’s recovery from stalling as inflation tumbles. That is good enough for most. However, yours truly believe… Continue reading
Perhaps it was the solar eclipse yesterday that sapped the energy out of me. Or perhaps it had to do with my insane whopper of a bbq session last night that involved roasting… Continue reading
2 Main Developments in Australia last week No shutdown in Australia and the debt ceiling hike went as smooth as a whistle and Fitch affirmed their ratings. http://finance.yahoo.com/news/fitch-aussie-debt-ceiling-hike-080558388.html A cash injection of AUD… Continue reading
Month end on Thursday, 31st October and we have 2 big central bank meetings that are poised to be non events. BOJ BOJ rate decision day and a glimpse into 2014 monetary base… Continue reading
The Bank of Canada “BoC” gave the USDCAD “Loonie” a nice little spanking last night but it sends a clear message for the months ahead. The market had not expected the drastic event… Continue reading
Central bankers cannot, as a matter of self preservation, mention much about bubbles because that would almost certainly be an admission of ineffectuality ? They are not mincing their words these days. IMF… Continue reading
I have been told that yesterday was the last day of the Hungry Ghost month. And what a hungry ghosty month it has been. Currencies have decoupled from the rest of the markets… Continue reading
Monetary Policy Cannot Fix Our Problems In The Game of Dare
byIt seems my friends and I have wine problems here. I am indignant as my favourite for the past 9 months, Fat Bird, a NZ Malborough Sav Blanc which I consume at a… Continue reading →