Saturday, July 24, 2010

Daily Markets - Those Stress Tests. Technical View. Yawn

Daily Markets - Those Stress Tests. Technical View. Yawn

Those Stress Tests. Technical View. Yawn

Posted: 24 Jul 2010 05:01 PM PDT

Well, they’ve laboured mightily and brought forth the expected mouse. For political reasons it wasn’t possible for the Committee of European Banking Supervisors to run the only stress-test that counts right now, namely the shock to a bank of an actual sovereign default. So it’s all as feeble as anticipated, though some good may come of there being a whole lot more numbers out in the open.

What they did instead was to impose ‘haircuts’ on the values of banks’ bond-holdings. Another … [visit site to read more]

Top 5 Economic Graphs For The Week Ended 25 July 2010

Posted: 24 Jul 2010 01:01 PM PDT

This week we look at UK GDP, Canada monetary policy and inflation, review some of the monetary policy decisions of the week just gone, and then assess some of the housing data on the US real estate market.

1. UK GDP

The UK surprised in the second quarter of 2010, recording growth of 1.1% q/q vs expectations of a 0.6% increase, and accelerating since the previous quarters’ much milder growth. However the growth spurt is widely expected to be short lived amid requisite government cuts … [visit site to read more]

Persistence Pays Off In Colorado Complaint Against E*Trade

Posted: 24 Jul 2010 12:50 PM PDT

"The only thing necessary for the triumph of evil is for good men to do nothing."
This quote is commonly attributed to Edmund Burke, an Irish statesman, author, orator, and political philosopher who lived in the 1700s. The depth of Burke's words continue to resonate today. In fact, I thought of his words of wisdom when reflecting on the latest episode in the ongoing saga surrounding the auction-rate securities travesty.
No doubt there remain many miles to go and mountains to climb before … [visit site to read more]
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