ONE-TWENTY TWO: Trading Financial Markets
Exploring the poetry in financial markets for students of money and economy since the year 2000.
Pound Set for Pain as Cameron Cuts Send King to Printing Press – Bloomberg History suggests sterling’s losses will be sustained while Osborne implements cuts that are bigger than those announced by Geoffrey Howe when he was Margaret Thatcher’s chancellor in 1981, according to UBS. The pound lost 20 percent against the dollar that year … Read more
I continue to keep tabs on the performance of non-residential (commercial) real estate through the eyes of the companies that service this industry. Unlike previous quarters, earnings reports are a bit more mixed about the condition and outlook for non-residential real estate. Current conditions remain poor, but companies are now straining to see some light … Read more
Time for a little fun with gold. As a child of the 1980s, I took particular interest in a fun October 13, 2010, Bloomberg interview with A-Team star Mr. T., the celebrity pitchman for Gold Promise. Gold Promise is a service run by Cash America International, Inc. (CSH) that allows people to sell their gold … Read more
Kass: More on Screwflation – TheStreet …to the extent that quantitative easing helps increase asset prices, by definition and in fact, this also means that it increases the price of commodities and other inputs as well. (It's already happened again.) Shouldn't the benefit of the wealth effect be offset by an expense effect (not to … Read more
On Tuesday morning the Bank of Canada decided to leave its overnight interest rate unchanged at 1.0% and confirmed the caution expressed by Governor Mark Carney on CNBC almost a month ago. The concluding paragraph in the statement on monetary policy summarizes the Bank’s concern about current economic conditions: “At this time of transition in … Read more