The two sentences in the Fed’s minutes that was released in the afternoon sent the US stock market violently reversing its earlier slide. First – don’t fight the Fed. And it’s not as… Continue reading
It is the Winter’s solstice on December 21 at 17:11 (UTC). The shortest day of the year in the northern hemisphere and the longest in the south. We get ready to eat sticky… Continue reading
For all the hype and expectations, the 3rd Chinese plenum of failed to produce a single firework. Instead we have the unveiling of a destination without a map to guide the markets. Way… Continue reading
Earlier today, this was making the rounds on the grapevine: “…A source from Team Obama told CNBC that Larry Summers will likely be named chairman of the Federal Reserve in a few weeks… Continue reading
Bernanke says he does not understand Gold. What about Tesla ? For a company that expects to sell 21,000 cars a year, its market capitalisation has surpassed Mazda which sells 1.3 million cars… Continue reading
I honestly do not know what to make of the statement. He said the plan is “not preset” which is subject to interpretations but the market choose to believe in the continuation of… Continue reading
We are ending the week well with headlines suggesting the tapering of the Taper as the commonly accepted interpretation of the FOMC minutes last night. All I know is that the taper is… Continue reading
Journalists and analysts all writing to save their lives. Reports swinging wildly between Taper and Taper Not after the FOMC minutes depending on where the Dow was. RATES: Treasuries Fall After FOMC Minutes;… Continue reading
I have been spending some time on the herb and vegetables. Sweet potatoes flourishing but under savage attack by the relentless white fly army, same for the chilli and chilli padi. Rosemary sprouting… Continue reading