Contrary to what many Fed and government officials may think, the effects of Quantitative Easing in the US shouldn’t just be measured by the stimulative impact money printing has on American employment, output and inflation expectations. Were the country an isolated and self sufficient economy then this simple analytical framework might be theoretically appropriate. However,…
In 1997, well before he ‘sulked’ his way into Number 10, the then Chancellor of the Exchequer and resident of Number 11 Downing Street, one Mr Gordon Brown served up 5 conditions which had to be met if the UK was to join the Euro. They were in fact so stringent that even Germany would…
Apart from being a good way of ensuring that I do not spend too much time at the local disco late on a Friday night, the Zak Was The Week That Was article is very much a personal battle to ensure that the standout situation recommendation chosen will not come to slap me in…
As I have stated on quite a few occasions over recent months, echoing the words of wisdom of the perhaps the greatest Scotsman alive today – Hugh Hendry, being too early to a party is just as bad as being too late. I am sure that bulls of Avocet Mining (AVM) have been painfully aware…
Is it time to go blackberry picking? “Blackberrys are in season right now as I can happily testify having eaten them in cakes, in jam, and own their own with ice cream over the last week. They are tricky to pick and can leave a nasty stain if you don’t watch what you are doing,…
So, it seems that everyone was expecting Mark Carney this week, the new Bank of England governor, to put his foot on the pedal and increase the asset-purchase level from the current £375 billion. Unfortunately, for all sterling bears (the direct opposite of what we have been in recent months – resolute sterling bulls), that…
his week will likely be remembered for tight ranges, ultra-low volumes and the threat of tapering in the US doing its rounds, again. Monday began with a mixed session as banks dominated the markets for both good and bad reasons. Lloyds was a bit of a fan favourite after the chief executive announced that he…
What with Hindenburg omens, extended valuations, thin summer markets and the, sadlay, always wrong retail returning to the market, the signs are certainly there for a sharp shakeout…
Silver made it to the upper target of 20.30 & topped at 20.35. Immediate support is 20.05 but below here we could test 19.90. Watch for a break below 19.75 as we could then test support at 19.62. 20.30/35 resistance again today but a break higher cannot be ruled out as we trend sideways &…
European headline shares opened positively today tracking an optimistic finish to trading in Asia on Friday. The optimism was fuelled by data from China which showed that despite producer prices dropping in July, the prices still fell at a slower rate compared to the previous month. Although bears would be quick to point out that…
