A story that is told about banks is this: Bankers are paid to maximize short-term results and screw the risks. All they care about is this-period earnings. They dance until the music stops. (Then they sue.) In this story, banker pay drives risk and volatility and other terrible things. A counter-… read full news Published:… »
Archive for January 9th, 2012
On The Bright Side, Does This Mean That Banks Did An Awesome Job Of Managing Risk?
Monday, January 9th, 2012CRUDE OIL: Retains Medium Term Bias, Upside Risk Points To The 103.38/72 Levels.
Monday, January 9th, 2012CRUDE OIL: While Crude Oil may be hesitating, it continues to hold on to its medium term bias and faces the risk of returning to its key resistance level at 103.38/72. This zone is very crucial to its medium term uptrend as a violation of there will turn attention to the 104.60 level, its May… »
The Checklist Of Reasons Not To Buy The Euro
Monday, January 9th, 2012The checklist of reasons not to buy the euro has just got longer. Investor sentiment towards the single currency ended 2011 very much on hold. European banks were being offered funds by the European Central Bank. Greece was in negotiations to repay less to private sector bond holders. And, the… read full news Published: Tue,… »
U.S. Consumer Credit Rose by Most in Decade in November to $2.48 Trillion
Monday, January 9th, 2012Consumer borrowing (CICRTOT) in the U.S. surged in November by the most in 10 years, showing households are gaining the confidence to take on debt and banks are more willing to lend. Credit increased by $20.4 billion, the biggest jump since November 2001, to $2.48 trillion, Federal Reserve figure… read full news Published: Tue, 10… »
Merkel: Reliance on central bank to solve problem is illusionary
Monday, January 9th, 2012No one-dimensional solution to crisis, Solution requires wide-ranging measures, Convincing markets is the big challenge read full news Published: Tue, 10 Jan 2012… »
The Next Head of the SNB Thomas J. Jordan
Monday, January 9th, 2012Mr. Jordan is my guess as the next head of the Swiss National Bank. Hes been at the SNB since 1997. He moved up from the economics department and is now the Vice Chairman. Mr. J is well qualified. This link to his CV shows that he is an academic at heart. He has never… »
Alpari to sponsor NBAs New Jersey Nets
Monday, January 9th, 2012This adds to Alparis ongoing sponsorship of the New York Knicks, New York Rangers and the Madison Square Garden. It seems Alpari are step by step increasing their presence and advertising in United States. It also seems that some brokers have a preference for certain types of sports and they invest… read full news Published:… »
GBP/JPY Levels and Scenarios in a Bearish Market
Monday, January 9th, 2012The 4H GBP/JPY chart shows a market attempting to bottom in the short-term for a bullish correction, although price action does not suggest so yet. There is a bullish divergence with the RSI, but a correction should break a pivot near 119.20 before looking for the next pivot near 120.50. The bearish… read full news… »
If no trade reversal now, then when?
Monday, January 9th, 2012Europes underlying problem is not budget deficits or even unsustainable debt. These are mainly symptoms. The real problem with Europe is the huge divergence in costs between the core and the periphery in the past decade costs between Germany and some of the peripheral countries have diverged by… read full news Published: Tue, 10 Jan… »
Current Economic Performance, Underlying Fundamentals, and the Outlook
Monday, January 9th, 2012Lockhart says 2011 was a year of ups and downs for the U.S. economy. He says some of the fundamentals of the economy are improving, including banking and household balance sheets. He thinks other areas, including public sector finances and new business formation, are still challenged. … read full news Published: Tue, 10 Jan 2012… »