The Financial Times – Time to adapt to a world without QE After September’s Federal Open Market Committee meeting which formally revealed “Operation Twist”, the sell-off in risk assets accelerated. This negative market reaction to a Fed easing manoeuvre is unusual and suggests investors were disappointed by the absence of further quantitative easing, or QE3…… Continue reading A World Without QE
<Click on graphic for larger image> The Economist – The book-cooking index TODAY’S hottest economics blogpost is a fascinating piece of analysis by Jialan Wang, built around the statistical regularity known as Benford’s law. Named for physicist Frank Benford, the law notes that within sets of numbers that span orders of magnitude, the distribution of… Continue reading The Book Cooking Index
Daily Motion – 1,200 Occupy Wall Street products on eBay There are more than 1,200 Occupy-related products now on sale on eBay. Isn’t capitalism grand? I figure the products are being aimed at the young and dumb crowd that is watching this retro-protest safely from their homes in suburbia. The products are mainly T-shirts. But… Continue reading Occupy eBay
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Charts of the Week Topics Covered This Week Include: Has The Stock Market “Thrusted” Off A Bottom? Has The Stock Market “Thrusted” Off A Bottom? – 2 Has The Stock Market “Thrusted” Off A Bottom?- 3 Dividend Investing Dividend Investing – 2 Measuring Apple Updated Look At Credit Leverage In The Markets Leverage In The… Continue reading Charts of the Week
<Click on chart for larger image> CNBC.com – Roubini: Double-Dip Recession a Foregone Conclusion The world’s advanced economies are headed for a second recession, regardless of whether there is further chaos in Europe, noted economist Nouriel Roubini told CNBC on Tuesday. Roubini — who correctly predicted the 2008 financial crisis, but has got some other… Continue reading Recession Talk
<Click on chart for larger image> The Financial Times – US currency bill passes Senate vote A bill that aims to punish Beijing for holding down its currency passed the Senate on Tuesday despite a warning from China that the legislation could plunge the global economy into a 1930s-like depression. The legislation passed the Democrat-led… Continue reading The Currency War Among The U.S. And China
The Wall Street Journal – Deposits With ECB Hit 2011 High Euro-zone banks’ overnight deposits at the European Central Bank made another high for 2011 on Friday, reflecting deepening distrust in interbank lending markets. Overnight deposits Friday rose to €255.57 billion ($341.88 billion), surpassing Thursday’s 2011 high of more than €229 billion. The focus of… Continue reading Fear In The EU Banking System
The Wall Street Journal – EU Bailout Fault Lines Exposed in Slovakia Slovak lawmakers held up the expansion of the euro zone’s bailout fund after the 16 other members ratified the changes, throwing up a new roadblock to the Continent’s efforts to tame its debt crisis The development highlights the fragility of proposed solutions to… Continue reading Deadlock In Europe
Bloomberg.com – Wall Street Sees ‘No Exit’ From Financial Woes as Bankers Fret An era of decline and disappointment for bankers may not end for years, according to interviews with more than two dozen executives and investors. Blaming government interference and persecution, they say there isn’t enough global stability, leverage or risk appetite to triumph… Continue reading The ‘No Growth Era’ May Continue For Years On Wall Street
The Financial Times – Paulson & Co warns of asset redemptions Paulson & Co, the giant US hedge fund run by billionaire investor John Paulson, has warned that in a “worst case” scenario, it could suffer redemptions equivalent to between a fifth and a quarter of its assets by the end of the year. In… Continue reading Trouble For Paulson & Company
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