jump to navigation

Testing One, Two, Three 06/06/2013

Posted by chrisdshaw in Uncategorized.
add a comment

It’s been a long time. So much has happened in the last three years. Will be back up soon.

Advertisements

Democrats to pursue death wish strategy 20/01/2010

Posted by chrisdshaw in Politics, Uncategorized, United States.
add a comment

Conversations between Massachusetts Congressman Barney Frank and some of hits constituents hint at a Democratic strategy to prove beyond all reasonable doubt that they are the most incompetent political machine in the Western World. President Obama, you certainly have your work cut out.

Daily Read 16/12/2009

Posted by chrisdshaw in Daily Feeds, Uncategorized.
add a comment

Britain’s dismal choice: sharing the losses (Martin Wolf, FT)

Greece borrows privately as downgrade drives up yield (Bloomberg)

UK labour market shows signs of recovery (FT)

Moody’s warns of ‘social unrest’ as sovereign debt spirals (Daily Telegraph)

Sentiment on S&P 500 sinks to five month low (Bloomberg)

What are the chances…..? 06/12/2009

Posted by chrisdshaw in Uncategorized.
add a comment

Anticipating the next shock 06/12/2009

Posted by chrisdshaw in Uncategorized.
add a comment

US investors are increasingly protecting themselves against a jolt in the financial markets and hedging against a rise in the dollar

Daily Feeds 30/11/2009

Posted by chrisdshaw in Daily Feeds, Uncategorized.
add a comment

We must get ready for a weak-dollar world (FT)

Dubai World’s debt not guaranteed by government (Bloomberg)

Greece and expect no gifts from Brussels (Wolfgang Munchau, FT)

An empire at risk (Niall Ferguson, Newsweek)

The future of entertainment: middle class struggle (The Economist)

Every man an anchor on the goodship Palin (Julian Sanchez)

 

Dangerous times for the euro 19/10/2009

Posted by chrisdshaw in Economics, FX, Politics, Uncategorized.
add a comment

BNY Mellon’s Simon Derrick tells the FT why the Indonesian Rupiah is his favourite currency, the AUD is his favourite G10 currency, why the US dollar will continue to decline, that the GBP may be reaching a bottom as political considerations may warn the Labour government away from parity against the EUR, and why the Eurozone may be facing some difficult days ahead if its currency keeps attracting foreign reserves.

Verbal intervention gives US Dollar (temporary) relief 09/10/2009

Posted by chrisdshaw in FX, Uncategorized.
add a comment

Chief Economic Advisor to President Obama Larry Summers, has re-iterated the administration’s supposed support for a strong dollar, adding to comments made by Ben Bernanke on Thursday who emphasized Fed willingness to raise rates when the economy improves to prevent inflation.  This follows a nervous week as, post G7, policy makers from around have openly expressed concern about the rise in the value of their currencies relative to the US Dollar. Over the last 48 hours one could almost detect a whiff of fear of a run on the dollar, particularly during widespread reports that Asian central banks- among them Thailand, Hong Kong, South Korea and Indonesia- had aggressively intervened to prevent further appreciation in their currencies.

Given the level of concern over the Dollar, one would have expected a sharper reversal than has occurred in the last 24 hours. USDJPY has gained 120 pips since this morning and EURUSD is back below 1.4700 but the market feels primed for more Dollar selling next week. After all, Bernanke’s comments did little more than state the obvious and did not signal any near-term tightening, given the current weakness of the economy.  it is becoming increasingly difficult to figure out what a “Strong Dollar” policy amounts to any more.

This time is different 26/09/2009

Posted by chrisdshaw in Uncategorized.
add a comment

A new book by Rogoff and Reinhart: “This Time is Different: Eight Centuries of Financial Folly” looks pretty damn indispensible if the reviews are anything to go by. I must pick up a copy tomorrow. To file next to Fool’s Gold, The Two Trillion Dollar Meltdown and Manias, Panics and Crashes.

One big happy family 18/09/2009

Posted by chrisdshaw in Uncategorized.
add a comment

Germany’s decision to directly intervene in the sale of the European arm of General Motors to Magna by providing state aid has not gone down well in the UK, Spain or Belgium. The European Commission said it would investigate the deal to see if it contravenes EU law on national subsidies influencing company locations.

So long as the global economy continues to grow we may only see a few of these newsworthy protectionist measures every week. US-China relations are a tad frosty following President Obama’s decision to raise tariffs on Chinese tyres. The inaugural G20 meeting in Washington late last year led to an agreement by to avoid implementing any protectionist measures. Since then 17 of the member countries have enacted protectionist policies of some kind. If, in 2010, the global recovery proves to be more fragile than the consensus forecasts expect many more headlines of this nature both globally and at regional/ EU level