The Sunday evening Cypriot bail-in deal shows that the Germans are willing to go to great lengths to secure a political win. And let’s be clear, what was agreed last night was a HUGE win for Merkel. She silenced SPD critics on the issue of bailing out Russian...
There were no big surprises in the Fed statement or at Ben's press conference yesterday. The Committee tweaked the growth and inflation forecasts modestly weaker, gave a nod to fiscal policy risks and talked up some of the recent positives in the US data. The market...
What happened to Cyprus on Friday evening was one of the most significant developments in the Eurozone since the Greek election last summer. To tax the bank deposits of savers sends an ominous message to the entire global investment community. All of us should really...
One of the most common phrases I hear in the market is - "this is going to end badly". You hear it from Presidents of Federal Reserve Banks, Congressmen, gloom and doom market pundits, disgruntled fund managers who missed the risk rally and German politicians just to...
Ok, I am going to be a bit of a geek today. So no Breaking Bad, Colonel Jessup or Charlie Sheen references. Sorry to disappoint but there are some serious changes under way in market correlation patterns. And these need to be addressed. Specifically, the USD is...
Ok, I am going to be a bit of a geek today. So no Breaking Bad, Colonel Jessup or Charlie Sheen references. Sorry to disappoint but there are some serious changes under way in market correlation patterns. And these need to be addressed. Specifically, the USD is strengthening sharply as seen in the near 4 […]
