Much to Ed Balls’ annoyance, George Osborne presented the kind of Autumn Statement which left very little, if any, room for socialist vitriol. Indeed, Balls’ had to revert to the personal, which in itself is surely an indirect admission of defeat. But he got this wrong too, as I am sure that Osborne’s hairdo is […]
Cast your mind back to April 2011. The Libyan Civil War was in full swing and Gaddafi was still playing hide and seek. The Japanese earthquake and tsunami claimed the lives of over 15,000 people and rendered the Fukushima nuclear power plant inoperable. Jennifer Lopez was at number 1 with “On the Floor”. The price […]
Another thing I don’t like is saying “I told you so!”. In line with my ongoing research, global markets have slipped somewhat over the past few weeks. For the month of September, the largest IMA Sector fall was seen by Global Emerging Markets at -4.3%. Over the past fortnight, the FTSE100 itself has fallen by […]
The old trader’s adage: “Sell in May and go away”, looks to have been bang on the money this year. The FTSE100 sat at 6,871 on 30th May and by the time Summer had officially ended, had fallen to 6,819 by 1st September. This seems to have been corroborated by the IMA Sectors: UK All […]
The thing I really like about Credit Default Swaps is that the market for Inter-Bank lending is very good at making a judgement on how likely it is for the lender to get its money back at the end of the loan term. I know – I should really get out more!
By way of an […]