Archive | September, 2009

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Is the risk of staying long worth it?

 

Source of picture: Time.com

 

 

Yesterday I talked about lack of willingness by western banks to lend money because their focus was on rebuilding reserves.

But Steven Major, Global Head of HSBC’s Fixed Income Strategy Team, puts a …

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“It’s the level, stupid – it’s not the growth rates….”

…..said Mervyn King, governor of the Bank of England

Source of picture: northbriton45blogspot.com

ANY excitement over US house-price figures for July – which showed the biggest monthly gain for years when they were released yesterday – has to be put …

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We are heading for $45 a barrel crude this year

SWIMMING IN OIL?

 

Source of Picture: fashionfunky.com

 

 

The threat posed by Iran test-firing its Shahab-3 missiles and a rally in US equities on increased M& activity in the drug and technology industries pushed crude slightly higher yesterday …

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All At Stake And At Sea For October

A bit like the fund managers who are anxious to keep the equities rallies going until the end of the year in order to protect bonuses, there must be a lot of petrochemicals people hoping pricing in our sector will …

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Correction On China Economy Piece

I thought I would publish Michael Pettis’s reply to my piece yesterday here rather than approve as a comment:

Good piece but one correction.

I don’t think 8-9% growth this year and next is impossible. On the contrary, I think …

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The Threat from Dark Pools

Source of picture: zerohedge.blogspot.com

It might seem a little melodramatic (and it’s a wonderfully melodramatic name), but what kind of threat do dark pools – and other off-exchange trading mechanisms – present to all our livelihoods?

You can see that …

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China’s consumption growth challenge

“China, please please do what we did and spend what you might not be able to afford…”

Source of picture: The Daily Maily

Whether or not China’s pace of economic recovery will be maintained would have become an intensely boring …

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Falling China license plates a lead indicator?

Source of picture: Chinaenvironmentallaw.com

Talk around the water-cooler in Shanghai offices at the moment is the fall in the cost of a car-license plate in September to a lowest bid of Yuan 27,000 ($3,953) from around Yuan 36,000 in August.…

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Western Polymers: Get Out Or Get Cleverer?

MOVING IN THE RIGHT DIRECTION (SORRY, OUCH….!)

Source of Picture: www.autospies.com

The automobile industry in the West has been bought more time by economic stimulus, as this article in The Economist points out.

But some of the discussions at the …

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Equities, Futures, Sentiment = Recovery?

Forget supply and demand, just record the index cards….

Source of picture: Heatusa.com

This amateur pundit is beginning to think he got it very wrong.

“I’ve been thinking the same thing – I was as gloomy as you a few …

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