Tags » UK & Europe

How much longer can the global trading system last? | Michael Pettis

Michael Pettis quotes a Brazilian economist on the dilemna facing the US:

….As the US becomes a declining share of the globalized world, the costs of imposing stability (and I have no illusions that this is done for charity) rise, and its share of the benefits decline.

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US & Canada

Liquidity Mismatch Helps Predict Bank Failure and Distress

Liquidity mismatch compares the saleability (liquidity) of a bank’s assets to the stability of its funding. Assets such as cash and Treasury bonds are highly saleable and one can expect a ready market even in times of crisis. 707 more words

US & Canada

T-Bonds Burn, RBA Minutes Next

From Adam Button on AshrafLaidi.com:

…..The direction of the bond market in recent weeks has been a major driver but what was notable on Monday was the divergence.

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US & Canada

European stocks

Germany’s DAX encountered support above 11000. Penetration of the descending trendline would indicate the correction is over and follow-through above 12000 would suggest a primary advance. 78 more words

Stock Markets

Upsurge in global trade?

While commodity prices are tanking, with iron ore now trading below $50 per tonne, there are signs that international shipping of manufactured goods is on the increase. 30 more words

US & Canada

Footsie breaks 15-year high

The FTSE 100 overcame resistance at its December 1999 high of 6950, closing the week above 7000 for the first time. Expect retracement to test the new support level, but breakout signals a primary advance with a long-term target of 8000*. 69 more words

Stock Markets

Why our prep-school diplomats fail against Putin and ISIS | New York Post

“Why do our “best and brightest” fail when faced with a man like Putin?” Ralph Peters asks. “Or with charismatic fanatics? Or Iranian negotiators? Why do they misread our enemies so consistently, from Hitler and Stalin to Abu Bakr al-Baghdadi, the Islamic State’s self-proclaimed caliph?” 203 more words

US & Canada