Ok, as strange as that sounds, i found an interesting piece in the UK Telegraph that is a pretty good read and will make bankers feel all warm and fuzzy and potentially wanted once more. “The recession was not, of course, … Continue reading
Very colourful language from the outgoing Czech PM Topolanek speaking to lawmakers at the European Parliament. “All of these steps, their combination and their permanency is a way to hell. We have to read the history books” PM Topolanek said.
The RBA believes that Australia’s banks are in a better position to weather the financial storm than those in other countries. I keep saying that we must have done something right in Australia re banking regulation because as yet we … Continue reading
Given that not a lot is going on out there this morning i thought i would put up a couple of humourous pieces that relate quite nicely to the current fiancial crisis. Click here and here to view.
While in the US on Wednesday, the Australian PM Kevin Rudd has urged the US to work to integrate China into global governance. Given that China is well on its way to becoming the number 1 global economy at some … Continue reading
Japan’s Nikkei 225 index has started the day off down around 1% this morning while the Australian All Ords is holding its head above water for the moment. In Japan we have airlines and pharmaceutical shares dragging the market lower … Continue reading
I know there has been a lot written in the media making the recipients of AIG bonuses out to be the worst people on the face of the earth, but here are two articles, one of which is a resignation … Continue reading
Not a lot going on out there in Asian morning trading as you can see from the attached chart of the majors. Overall today i would expect to see the JPY a little weaker against most currencies this morning with … Continue reading
During the past week or so the EUR/USD has been a very well behaved currency pair and a delight to trade. After taking out the 1.3380/00 region (highs set back in Jan) we have not looked back. And, surprise surprise, where did the … Continue reading
Gordon Brown in a live interview with the WSJ opines that in the short-term deflation is a greater threat than inflation. He hopes the G20 summit next month will work at expanding world trade and setting international financial standards. Brown says … Continue reading