Which way now – FTSE, Gilts, Sterling and the EU referendum?
byUncertainty is bad for business and the UK will struggle ahead of the referendum Gilt yields have been around 150bps higher than Bunds over…
Economics
Zero Hedge: The Greek Bluff In All Its Glory: Presenting The Grexit “Falling Dominoes”
by[Source: http://www.zerohedge.com/news/2015-07-04/greek-bluff-all-its-glory-presenting-grexit-falling-dominoes] Earlier today, Yanis Varoufakis reiterated his core thesis driving the entire Greek approach from day 1 of its negotiations with the Eurogroup: “Europe…
It Is NOT Priced-In, Stupid!
by[This piece, by David Stockman, was originally published here http://davidstockmanscontracorner.com/it-is-not-priced-in-stupid/] Among all the mindless blather served up by the talking heads of bubblevision is the…
The only game worth playing
by“I cannot leave this subject as though its just treatment wholly depended either on our own pledges or economic facts. The policy of reducing…
The US natural unemployment rate and the Fed’s interest rate policy
byIn May the US unemployment rate stood at 5.5% against the rate of 5.3% for the natural unemployment also known as the Non-Accelerating Inflation…
Interest – Inflation = #REF
byI have to admit that I derive some pleasure in taking on hoary old myths. For example, some economists assert that the interest rate…
The only thing we have to fear..
by“Let me be clear on one point: I can’t predict the short-term movements of the stock market. I haven’t the faintest idea as to…
Bonds and banks
byThis year has seen some big losses develop in the bond markets, though prices have stabilised in recent days. The chart above is of…
US Growth and employment – can the boon of cheap energy eclipse the collapse of energy investment?
byLast year’s oil price falls are still feeding through to the wider economy Oil producing states have remained resilient despite the continued lower price…
News from the richest country on earth
by“The co-authors began working on this book in 1974, just after the termination of President Nixon’s controls in the United States. Since that time,…