In another negative sign for the European and Global Economies, Italian Final CPI for January slowed to its lowest level since August 2007. A weaker economy and lower energy prices are being named as two of the reasons for the … Continue reading
At least that is the attitude at RBS and Northern Rock due to unveil schemes this week to isolate their bad assets. I wish i could do that with my bad online forex trades. Maybe i just don’t lose ENOUGH … Continue reading
According to a story in today’s UK Telegraph, European Parliament Members are earning up to GBP1 Mio in profits in their 5 year terms in office. Sounds like there could me more to come from this.
Please find attached today’s table of economic data releases. Have to admit, data wise it is going to be a quiet night, althought there are a couple of important people talking you may wish to tune in for whilst currency … Continue reading
The European members of the G20 met over the weekend and issued a statement endorsing sweeping new regulations, including regulations for hedge funds.
Saab files for bankruptcy. Anyone want to wager that its parent, GM, won’t follow?
The idea of the eurozone issuing bonds as a single entity has been gaining traction as a way to avoid crisis in some of the lower-rated members of the eurogroup. Opposition from Germany and indifference from other EZ states may … Continue reading
Nationalization has been falling from the lips of French FinMin Lagarde quite readily today as she makes the case that it would not be fatal. Countries must clearly intervene to avoid Lehman-type events, she says. She warns against protectionism while … Continue reading
Dealers reported good interest to sell Swedish krona at the just-past 16:00 GMT fixing. Why is that significant? I could be further confirmation that investors are fleeing investments in countries that have large exposures to Central and Eastern Europe. Swedish … Continue reading
Like Sgt. Shultz in the ’60s comedy series Hogan’s Heroes, Eurogroup head Juncker says he sees no acute refinancing crisis is any eurozone country. No eurozone country should have to go to the IMF for help as they must get … Continue reading