Well things just keep getting better. Just to offset all this European focus lets take a peek at US real estate. And its the same story in both Commercial and Residential – a small bounce in demand and value, which was trumpeted from the tops of sky-scrapers as ‘THE RECOVERY IS HERE’, turns out not …
Things just went seriously political. We are now in the treacherous water between economics and politics which is a turbulent place. Think – Cape Horn. Some of us are in war ships, some sadly in peddle boats. We now have nations who had been, albeit uneasily, standing together, breaking ranks. And their financial proxies are …
Apparently what you do not want in a Mexican stand-off is a German – especially not one from the Finance Ministry. The German FinMin pulled the trigger last night and to mix metaphors rather disgracefully the shit has well and truly hit the fan. A large fan. Personally I think they were RIGHT! So far …
Two things happened today that may be related and together they could have truly seismic consequences. This evening, with hardly any warning at all, the German Finance ministry said it was banning all CDS naked shorting and banning the naked shorting of 10 major banks. The reaction of the market was first utter disbelief. HOW …
How do you cut salaries, jobs and pensions and raise income tax, corporate tax and VAT, and still get growth? That is the pair of pliers our governments have chosen to construct around their own gonads. How is Portugal or Spain, let alone Greece, going to earn the cash to paying its debts if the …
I have a simple question for our economic leaders and experts – where is the growth you need to cover the debts you still have on your and now our books, going to come from? Bear in mind this profit had better be LARGE and SWIFT arriving, because we have very large debts and the …
The concept of losing money – once upon a time, it was a very simple concept. Not any more. Losing money used to be a simple measure of how much you have now, against how much you had before. Any decrease and you had lost. Any thing else and you were quits or richer. Either …
The New TIC data are out from the FED. It shows that the BoE bought $45 Billion of US debt in February alone. That purchase increased the UK’s holding of US debt by 20% a fifth in a month. Total holdings now up to $279 Billion. Why? And particularly why, at a time the UK …
BoE buys $45 Billion of US debt at a time the UK is broke. Read More »
There seems to be a lot of cross-talk about what the ECB bail out was and was not for. We must be careful not to assume the ECB action was the response to what was being talked about in the news at the time. At the time two things were in the headlines. One was …
In 1953 Enrico Fermi and his team at the US military research facility at Los Alamos made an interesting and unexpected discovery. A discovery which, I think, is worth noting in today’s global financial crisis. They had been researching the behaviour of driven coupled oscillators. A simple oscillator is a weight being bounced up and …
