Posts Tagged ‘European’
Team Macro Man apologise for the lack of service recently. Last week saw their technical pullback first get Apple’d and then FED’d. And though there were glimmers of the technical turn, it looks as though it has morphed into a “technical pause”. Despite the fizzling out of yesterday’s Euro summit there has been little sell-off [...]
By The Sizemore Letter
A picture is worth a thousand words:
The ECB’s efforts to halt the European sovereign debt crisis have left the bank with a bloated balance sheet that is likely to get a lot bigger. If Spanish or Italian bond yields have another upward spike, expect the ECB to come to the rescue–whether Germany’s [...]
By The Sizemore Letter
With Europe’s politicians continuing to stumble from one summit to another without a realistic plan for resolving the sovereign debt crisis, the one European institution that is keeping the entire system afloat is the European Central Bank. The ECB gave the capital markets a boost earlier this month when it announced that [...]
Dear Mr/Mrs/Miss European Politician.
Nearly 13 years ago you implemented a system of monetary union in Europe which, you told us, would be the framework on which to hang future prosperity and cohesion, allowing Europe to take the next step towards unity. At the time we pointed out that a common currency should be the last [...]
London Gold Market Report
from Ben Traynor
BullionVault
Monday 5 September, 08:00 EDT
THE U.S. DOLLAR gold price stuck its nose above $1900 an ounce Monday morning London time – its first breach of that level in nearly two weeks – before easing back towards lunchtime.
The silver price, by contrast, fell to a low of $42.42 per ounce – [...]
Source: ForexYard
Annualized data out of the euro zone this morning revealed a mildly sluggish growth in private loans issued throughout the region. The data seems to suggest either banks’ unwillingness to lend out money from tight financials, or individuals not pursuing loans out of economic pessimism. Either way, it does not bode well for the [...]
Quote of the day: “Think like a man of action, act like a man of thought” - Henri Bergson Good day all. The euro is up across the board as European leaders eased the terms of loans for countries in trouble and expanded the aid for Greece. In case you missed it – yesterday I shared [...]
With heartfelt apologies to Monty Python’s “Galaxy Song” (from “Meaning of Life”)
The Euro Debt Galaxy SongJust remember that you’re standing on a debt that’s just evolvingAnd revolving at 3 trillion euros a yearThat’s interest of 5k a second, so it’s reckonedA sum that is the drain of all our powerThat sum and you and me, [...]
