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Euro Crisis

Black Swan New Year Letter 2013: China to recover, US to recover, Europe Doomed

13 Feb 2013 @ 21:04
This is the annual letter sent out by my friend Richard Poulden. This year – as every year – we wil hold a 10 minute debate at the UKInvestor Show – I am not sure of the subject matter yet but it is always sparky. I am not sure that I agree 100% on China […]
 

British Economy On A Shaky Start

12 Feb 2013 @ 01:40
The British economy is off to a “shaky start” in 2013 as businesses around the country became even more pessimistic of the plight of the economy in the next six months, according to a survey conducted by accountancy firm BDO. In a report published earlier today, BDO Optimistic Index continued to fall and reached a […]
 

AAL’s Amplats Ends 2012 At A Loss

05 Feb 2013 @ 02:17
Mining giant Anglo American plc (LSE:AAL) is to post an underlying loss of US$225 million for the 2012 financial year for its platinum business after its 80%-owned Anglo American Platinum Ltd ended the previous year in a 180-degree turn from profit to loss, following a challenging trading environment. In a statement, the Johannesburg Stock Exchange-listed […]
 

John Piper: Interview with Zak Mir

29 Jan 2013 @ 14:09
Zak Mir: I reviewed your latest book Trading Triangles a few weeks ago, and it reminded me that you have a long history not only of being an author, but also in the financial markets as a pioneer in the UK.  Indeed, it is a much longer history than many of the fly by night […]
 

ECB Predicts Eurozone Growth for 2013

28 Jan 2013 @ 07:23
The President of the European Central Bank predicts economic recovery in the third and fourth quarters of 2012. Mario Draghi, President of the European Central Bank (ECB), has argued that he foresees economic recovery for Europe “in the second part” of 2013 as a result of national government’s “extraordinary” fiscal consolidation efforts. In December the […]
 

Soros: Established market theory has “collapsed”

27 Jan 2013 @ 09:54
George Soros warns of a lack of understanding on how markets operate. Billionaire investor George Soros has argued that Germany is “out of tune” the rest of the world in regard to the Eurozone crisis and there is a lack of understanding of how the financial markets operate. Speaking at the World Economic Forum that […]
 

Re: Tobin Tax Approved

23 Jan 2013 @ 03:52
A few minutes before the time of writing of this article (the reason I’m writing this article is because of it), I received an email from a Relationship Manager, the name of the person and the firm in which he is connected to I choose to rather omit, informing me of a new development that […]
 

Being lectured by Ford on why the UK should stay in the EU is like taking childcare lessons from Jimmy Savile

22 Jan 2013 @ 10:47
Motor giant Ford has signed an open letter to Call Me Dave saying how disastrous it would be if the UK left the Evil Empire. Quite why the words of the boss of a foreign corporation should carry any weight at all escapes me but to be lectured by this company on the benefits of […]
 

Lessons From The Financial Markets: The UK Gets Kicked Out Of The EU

21 Jan 2013 @ 00:08
Don’t get me wrong, I think that Great Britain is the greatest nation on Earth, but we do have an Achilles Heel. Indeed, for the past 50 years and more it has been the relationship with Europe, and the European Union. This running sore continues, and manifests itself currently in Prime Minister David Cameron in […]
 

Business Leaders Warn Cameron Over EU

14 Jan 2013 @ 07:42
Virgin Group Chairman Sir Richard Branson and WPP CEO Sir Martin Sorrell back UK Membership of the European Union UK business leaders have signed a letter warning Prime Minister David Cameron from seeking a whole renegotiation of the country’s membership of the European Union (EU). Supported by Virgin Group Chairman Sir Richard Branson, BT Group […]
 
 
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