Monday Market Movement – Russian Markets Collapse With Oil Prices
Dec 01, 2014Jeremy Parkinson0
Sorry Vlad! Putin played the Game of Thrones this year in Ukraine and, like many in the TV show, he’s lost it all in his grab for power. As you can see from the RSX chart on the right, the Russian market (which Vlad had about $50Bn tied up in) is down 10% in two days and […]
Changing Bankruptcy Laws For Banks
Dec 01, 2014Jeremy Parkinson0
Today, Congress is going to pass quietly behind the scenes changes to the BANKRUPTCY LAWS illustrating the growing fear that we are going to see a sharp economic decline ahead. The proposed new law would eliminate protections for certain financial contracts that made big bank bankruptcies nearly impossible in the past. Under the current law, if a […]
Oil-Producing Nations Currency Carnage Continues, Russia Intervening
Dec 01, 2014Jeremy Parkinson0
The Nigerian Naira and Russian Ruble have been the hardest hit in the last few days as oil-producing nations across the world see their currencies come under increasing pressure. With both hitting new record lows against the USDollar (with the Naira at 184.5, already exceeding the recently devalued currencies upper peg band at around 176 per USD), […]
The World Has Become Obdurate
Dec 01, 2014Jeremy Parkinson0
There is a perfect word that describes the current condition of governments and consumers around the world today. The word is obdurate, and it means to be stubbornly persistent in wrongdoing. The word comes to mind when witnessing the renewed enthusiasm of central banks to re-inflate old asset bubbles and to endlessly debase their currencies […]
Major Asset Classes | Nov 2014 | Performance Review
Dec 01, 2014Jeremy Parkinson0
US equities (Russell 3000) took the lead with performance among the major asset classes in November, posting a solid 2.4% total return. US real estate investment trusts (REITs) were in close pursuit with a 2.0% advance, which builds on October’s spectacular 10.0% surge, based on the MSCI REIT Index. In third place: foreign stock markets […]
Will The ECB Sell Its Soul To The Devil And Buy Government Bonds
Dec 01, 2014Jeremy Parkinson0
Source After categorically denying it would ever plan to buy government bonds since the ECB was created, the opposition against such a plan seems to be decreasing as the central bank has stated that it plans to do everything it can to increase the liquidity in the system and to avoid a possible (and increasingly […]
Morning Call For December 1, 2014
Dec 01, 2014Jeremy Parkinson0
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 -0.40%) this morning are down -0.41% and European stocks are down -0.67% on global growth concerns after manufacturing data from China and the Eurozone disappointed. A slump in crude oil prices to a 4-1/3 year low has also undercut energy producers and oil service operators with Exxon Mobile and Schlumberger both down -1.3% in […]
Forex Week In Review December 1 2014
Dec 01, 2014Jeremy Parkinson0
Last week was again largely positive for the major markets with only the UK’s FTSE losing ground. It marked the final trading session of November. In Europe over the course of the week, the FTSE was down by 0.42%, it closed at 6722.6, but made 2.7% over the course of the month; the Dax ended […]
Risk Management Top Concerns
Dec 01, 2014Jeremy Parkinson0
I keep replaying a recent conversation about risk in my head. You know how it is. Someone says something that does not make sense and you ponder why he or she fails to see what is obvious to you (and to many others). Let me explain. The speaker (whom I will call Bill) asserted that concerns on the […]