Friday, January 23, 2015

ECB’s QE Effect; Danish Central Bank Cuts Interest Rates Twice this week

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Here is one interesting ramification from the ECB’s QE, the Danish central bank cut interest rate twice this week: From the Wall Street...

ECB Draghi’s “Do Whatever It Takes” Promise Now a €60 billion a month Reality, Global Stocks Parties

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So the widely anticipated ECB Mario Draghi’s “do whatever it takes” promise of Quantitative Easing has become a € 60 billion a month realit...
Thursday, January 22, 2015

The Untold Story of November’s Philippine Remittance Data

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I belatedly stumbled on the BSP’s November remittance data. The official disclosure on personal remittances : Personal remittances from...

China’s Stock Market Vaudeville: Powerful Two Day Rally Almost Offsets One Day Crash

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Over the past two days the China’s equity benchmark the Shanghai Composite mounted a powerful rally (6.56%) that has thus far erased ab...
Wednesday, January 21, 2015

Wow. Malaysian Prime Minister Talks and Denies a Crisis!

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Who says Malaysia is in a crisis (or could be heading for one) anyway as to warrant the attention of Malaysia’s PM to publicly address the ...
Tuesday, January 20, 2015

Germany’s Bundesbank Repatriates 120 Tons of Gold

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Apparently pressured by the public Germany’s central bank the Bundesbank announced the transfer of gold held overseas (Paris and New York) ...

Will Shadow Banks Offset the Chinese Stock Market Margin Debt Crackdown?; China's GDP for 2014: 7.4%

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During yesterday’s stock market meltdown, I pointed to the seeming clash of government policies between the central bank, the PBoC and the...
Monday, January 19, 2015

Ron Paul: If the Fed Has Nothing to Hide, It Has Nothing to Fear

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The great Ron Paul on Audit the Fed From the Ron Paul Institute Since the creation of the Federal Reserve in 1913, the dollar has l...

Chinese Stocks Crash 7.7% on Margin Trades Crackdown by Authorities

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As I have repeatedly been saying here, stock markets have been about credit and liquidity from which confidence is an offspring. Take a...