Gold and Silver - Outlook September 6
The prices gold and silver didn't do much yesterday as they both edged down after had hiked in the previous days. Major foreign exchange rates shifted with an unclear trend as the Euro appreciated...
View ArticleJapan’s demographics and land prices revisited
Once in a while, we talk about demographics. Japan’s property bubble went bust just as Japan’s working population started to shrink relative to total population in early 1990s, one fact that is pretty...
View ArticleETF Insights: Q&A With Kirk Kinder
ETFs have found their way into countless portfolios as investors of all walks have embraced these vehicles as the preferred means for achieving low-cost, diversified exposure to virtually any asset...
View ArticleWill Draghi Deliver or More about Modalities ?
What promises to be an eventful period, and one in which the implied volatility, either in VIX or currencies seem low, has already had a couple of surprises. The session began with soft Australian...
View ArticleChinese banks’ peak asset quality
The market does not seem to like Chinese banks results. There are, of course, concern about future profitability, particularly as the structure of recent rate cuts by the PBOC reduced net interest...
View ArticleBank of England MPC maintains bank rate at 0.5% and QE unchanged
The Bank of England Monetary Policy Committee announced that they are keeping the bank rate at 0.5%, while the target for asset purchase programme is maintained at £375 billion. This is in-line with...
View ArticleReply to Charles Balhous on Social Security finances
by Dale Coberly (Dan here...Dale Coberly replies to this article (Is it Becoming Too Late to Fix Social Security's Finances?) by Charles Blahous). Blahous, You do not seem to grasp how small "4% of...
View ArticleETF Profile: Credit Suisse 130/30 (CSM)
For many investors, generating alpha is perhaps one of the most important results any long-term portfolio should deliver. Most would agree that simply placing one’s assets in a broad market index,...
View ArticleCombination of US Jobs and Draghi's Broad Strokes Helps USD
The stronger than expected ADP employment estimate and downward revisions to growth from the ECB has seen the dollar recover earlier losses. Draghi has indicated that the details of the Monetary...
View ArticleIs Nokia's Management Insane?
Yesterday Nokia's management kicked the company in the stomach and then self-immolated. At the most important meeting in the history of the company, Nokia's management blew it. Why was this meeting so...
View ArticleShorting Draghi (EURUSD)
Thurs September 6th – lots of tempest in a teapot action this morning with the Mario Draghi press conference and interest rate news out of Europe. Currencies can have split personalities as they trade...
View ArticleEuropean Central Bank keeps rates unchanged
The European Central Bank keeps the main refinancing operation rate at 0.75%, while the rates for marginal lending facility and deposit facility are left unchanged as well at 1.5% and 0% respectively....
View ArticleEuro Primed For Reversal As ECB Disappoints, Pound Propped Up By BoE
The Euro is struggling to hold its ground on Thursday as European Central Bank President Mario Draghi failed to bring anything new to the table, and the single currency may face additional headwinds...
View ArticleOpen thread September 6, 2012
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View ArticleTax Court Rejects Geithner/Turbo Tax Defense
From Tax Prof blog: Tax Court Rejects Geithner/Turbo Tax Defense Bartlett v. Commissioner, T.C. Memo. 2012-254 (Sept. 4, 2012): Petitioner admits that her income was misreported and that her taxable...
View ArticleOmigod
(Dan here…Lifted from Robert’s thoughts) Robert writes: Omigod Sept 4 2012 really is opposites day. Ezra Klein made an incorrect claim of fact about health care financing. He wrote: But I’m not...
View ArticleECB creates a new acronym: OMTs (Outright Monetary Transactions)
No, it is not called Monetary Outright Transactions, but Outright Monetary Transactions (OMTs). But besides the name, the actual plan appears to be pretty much exactly the same one as leaked. ECB...
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Hurricane Isaac Dredged Up Oil From The Deepwater Horizon Spill
BP has suffered a further blow after it was revealed that Hurricane Isaac has uncovered oil that wasn't cleaned up after the Gulf of Mexico spill in 2010. Since Isaac made landfall more than a week...
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Prepare For The Coming Housing Collapse Part Two
Editor’s Note: BUSINESS INSIDER has been featuring Keith Jurow’s housing market articles regularly for the past two years. He is the author of Minyanville.com’s Housing Market Report. In my last...
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Former ECB President Trichet Explains His Plan To Save Europe
The creation of Europe’s economic and monetary union is unique in the history of sovereign states. The eurozone constitutes a “society of states” of a completely new type, one that transcends the...
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