The Members of European Parliament are in the limelight again, expected to solve their fellow politicians’ fiscal problems.
Once again, they are bouncing off walls – this time figuratively, as far as we know. Alongside them are central bankers, IMFers and gaggles of other geese ruffling each other’s feathers.
November 5th, 2011 | Nickolai Hubble | 1 comment | Continued
The combination of political deadlock in Greece and the fact that the European Financial Stability Facility (EFSF) will be funded by debt and not money printing has caught investors off guard recently. They failed to discount the ability of politicians to find other options in their attempts to exhaust all other options before turning to the inevitable one. Hence the falling markets of late.
November 5th, 2011 | Nickolai Hubble | 0 comments | Continued
Let’s take a break from the great housing debate today and return to markets. What a day it was! Gordon Brown is ridiculed in the European Parliament as a U.K. bond auction fails. The U.S. Treasury Secretary is forced to consider a Chinese proposal for a new reserve currency that is not the greenback.
March 26th, 2009 | Dan Denning | 3 comments | Continued
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| All Ordinaries | 4318.900 | ||
| S&p/asx 200 | 4242.800 | ||
| China Shanghai Co | 2344.771 | ||
| Gold Sep 11 | 0.00 | ||
| Clj11.nym | 0.00 | ||
| Nikkei 225 | 9052.07 | ||
| Indu | 0.00 | ||
| S&P 500 | 1351.77 | ||
| Ftse 100 | 5915.80 |
