By Zero Hedge on September 3rd 2010
There are permabulls, and then there is Jim O’Neill. The Man U fan explains why, after it has been consistently discredited, people do not believe in decoupling: “because they are not prepared to get it.” And just because people are really stupid and just don’t get it, O’Neill pitches Indonesia, Turkey, Nigeria and Bangladesh, and, oh . . . → Read More: Jim O’Neill Is Back To Pitching The Great Consumption Potential Of Turkey, Bangladesh And Iran… Next Up – Uranus
By Zero Hedge on September 3rd 2010
Is this the reason for Japan’s unwillingness to intervene: Japan Said to View U.S. Opposition as Yen Intervention Obstacle (Bloomberg) – Japan views probable U.S. opposition to intervention in the foreign-exchange market to address the appreciating yen as an obstacle to taking unilateral action, according to three Japanese government officials.
LOL European Stress Tests: Lenders Shunned on . . . → Read More: Frontrunning: September 3
By Zero Hedge on September 2nd 2010
You will pardon us for posting two excerpts from David Rosenberg today, but this one is a must read, and explains more clearly than anything written on the matter why America is currently, and without doubt, in a depression, due primarily to ongoing secular changes in consumer and investor behaviour, something not experienced during mere recessions. . . . → Read More: What Is A Depression Anyway, And Why We Continue To Be In It?
By Zero Hedge on August 20th 2010
Markets in a Flash
·
As European markets opened and
fell this morning and a correlating fall has been seen in the EUR/USD currency
pair after comments by ECB council member Axel Weber suggested that that the
ECB will support the region’s banks for longer than some investors expected.
·
The USD/CAD saw a strong jump
north breaking the 1.0500 level as Canadian Core . . . → Read More: Pivotfarm Daily News Harvest 20th August 2010
By Zero Hedge on August 18th 2010
Markets in a Flash
·
The Dollar has started to
weaken in the past few hours against other major currencies. China continues
to shift the world’s largest FX reserves out of Dollars.
·
The USD/JPY is trading very
close to its lows, further weakness in the USD may see the pair making new
ground.
·
US equity futures are sitting
around level today, with no clear direction . . . → Read More: Pivotfarm Daily News Harvest 18th August 2010
By Zero Hedge on August 16th 2010
Markets in a Flash
·
The USD is looking weak this
morning as China see’s
problems with US
recovery.
·
The JPY has started to look
slightly stronger in the past few hours and is gaining against the USD and the
EUR.
·
US equity futures are lower
today suggesting the selloff will continue when the markets open.
·
Oil is trading just below the
$86.00 mark while Gold is pushing . . . → Read More: Pivotfarm Daily News Harvest 16th August 2010
By Zero Hedge on August 6th 2010
It’s official: the double dip is here. Goldman’s Jan Hatzius just lowered his GDP forecast for 2011 from 2.5% to 1.9% (kiss goodbye all those 93 EPS estimates on the S&P), increased his unemployment forecast from 9.8% to 10.0%, boosted his inflation expectation from 0.4% to 1.0%, and said that QE lite is now on the . . . → Read More: Goldman Capitulates: Lowers GDP Forecast, Increases Unemployment And Inflation Outlook, Sees Imminent QE "Lite"
By Zero Hedge on August 5th 2010
Markets in a Flash
·
Overnight Japanese markets
closed higher, reversing yesterday’s losses. The Nikkei 225 was up +1.73%.
·
Equity markets in China finished
lower overnight. The Shanghai
index was down -0.67%, while the Hang Seng finished flat at +0.01%.
·
European equity markets are
pushing higher this morning. The Stoxx 50 is up
+0.55% after it opened flat this morning.
·
Commodities are having a mixed
session today. . . . → Read More: Pivotfarm Daily News Harvest 5th August 2010
By Zero Hedge on August 5th 2010
Markets in a Flash
·
Overnight Japanese markets
closed higher, reversing yesterday’s losses. The Nikkei 225 was up +1.73%.
·
Equity markets in China finished
lower overnight. The Shanghai
index was down -0.67%, while the Hang Seng finished flat at +0.01%.
·
European equity markets are
pushing higher this morning. The Stoxx 50 is up
+0.55% after it opened flat this morning.
·
Commodities are having a mixed
session today. . . . → Read More: Pivotfarm Daily News Harvest 5th August 2010
By Zero Hedge on August 2nd 2010
Markets in a Flash
·
Asian equity markets closed
higher this morning. The Hang Seng Index was higher by +1.82%, while the
Japanese Nikkei 225 was higher by +0.35%.
·
European equity markets have
retraced Fridays losses and all higher. The FTSE 100 is up by +1.89% at
lunchtime in London.
·
Commodities are pushing higher
at the start of the weak as investor look for . . . → Read More: Pivotfarm Daily News Harvest 2nd August 2010
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