Tags » UK & Europe

Greece and Its Misguided Champions

From Michael G. Jacobides in Harvard Business Review:

….while some EU policies are punitive or counter-productive, the strength of opinion of pundits long on conviction and short on detail seems to ignore the real root cause of the crisis.

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UK & Europe

Does a Dead Kazakh KGB Chief Own Sherlock’s House? - The Daily Beast

From Michael Weiss:

…..“These wealthy oligarchs all come to London because it’s a really good place to put your money,” Simon Farrell QC, a British attorney who specializes in corporate crime and money laundering, told The Daily Beast.

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UK & Europe

Cold wind blows for crude oil producers

Long-term June 2017 Nymex Light Crude futures (CLM2017) broke support at $60/barrel, offering a target of $54/barrel*.

* Target calculation: 60 – ( 66 – 60 ) = 54… 101 more words

US & Canada

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