Evil discusses Greece, Oxus, Foxtons and Beximco Pharma… Readers will recall that last Monday, 26th January, I offered my opinion that the Greeks, as an electorate, have justly and by implication wisely decided to welsh on debts to the ECB or, put another way, Germany. I put this to my Greek contact, Stavros (no relation…
The Markets UK GDP growth slowed to 0.5% from 0.7% in the final quarter of 2014, but annual growth was at its highest level since 2007 according to new figures from the Office for National Statistics, at 2.6%. Joe Grice, Chief Economist, at the ONS, commented, “The dominant services sector remains buoyant while the contraction…
by Zak Mir I have in the recent past described OPEC as the world’s worst cartel. And it has to be said, I have not been inundated with comments suggesting that this conclusion is wrong. After all, the whole point of a cartel is to manipulate prices to the upside, not drag them down 50%…
What is it about corporations and unintelligible names? Apparently, Indivior (IND) is a combination of the words ‘individual’ and ‘endeavor’, if you hadn’t guessed it already. However, silly names aside, it’s what’s under the bonnet that counts… Indivior started life as the pharmaceuticals division of consumer goods conglomerate Reckitt Benckiser (RB.), before being spun-out and…
The Markets The Euro dropped to a fresh 11-year low of 1.1088 against the US dollar today following news that the anti-austerity Syriza Party will lead a new coalition Greek government. Senior ECB figures have warned incoming politicians from the left-wing movement that there is little support for a debt write off among EU policy…
This Greek thing is mildly comic with the dissembling Europhile liars out in full force. The fact is that the average Greek saw no point in paying off debts run up by the bent ministers of the past and, quite possibly, those to come. So he voted to get rid of the debt by refusing…
Over the past 15 years there have been plenty of times when the bulls could have justifiably sung victory regarding the prospect of the FTSE 100 getting above and staying above the 7,000. One of the more convincing near misses was in the summer of 2007, clearly not a great time to be going long…
by Dave Evans of binary.com It was a huge week for Mario Draghi’s ECB with high expectations for Thursday’s Quantitative Easing package. The general consensus is that he did not disappoint. The much vaunted QE program came in slightly bigger than expected and so far, there are few holes that analysts have found to pick through.…
It may very well be that 22nd January 2015 was the day that the Gold Bugs were waiting for, courtesy of ECB President Mario Draghi. The “smart” money decided that in the wake of the financial crisis in 2008 that governments would require central banks to print money in order to avert a massive catastrophe…
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