By Dominic Picarda. The turbo-charged rally in equities shows few signs of exhaustion, with Thursday’s losses quickly reversed on Friday. And yet, there seems to be deep disbelief among retail punters in the UK, going by the latest positioning data I have seen. This suggests a significant weight of shorts in S&P, FTSE and especially…
OK, referencing little war time ditties probably isn’t the most politically correct thing to do when talking about the ECB – but it made me chuckle. Yesterday’s utterly, utterly pointless decision by Europe’s central bank to lower interest rates by a whopping 0.25% to 0.25% smacks of desperation and has convinced me the fear-on…
By Dominic Picarda. If the Euro is to survive and its weaker members to enjoy recovery, the single currency needs to get a lot cheaper. The ECB made the right choice by cutting interest rates yesterday, but more will be needed in order to devalue the Euro and maintain the fragile pick-up on the continent.…
By Sasha Cekerevac I had an interesting conversation the other day with a friend of mine who asked a very compelling question: with margin debt in the equities market hitting a new all-time high—$401 billion on the NYSE in September—is this a sign of a market top? To find out what this really means, we…
I’ve had half an eye on the Twitter IPO over the last month. The big ticket IPOs rarely interest me. They are generally too much of a coin flip. I didn’t care about Facebook, I was bored by Royal Mail’s market debut and as for Zynga – well anyone who plays Farmville deserves to be…
10. All World’s Currencies are Fiat Currencies, and Fiat Currencies Always Fail. 99.9% of the world’s population is unaware that we no longer use money… we use “fiat” national currencies. What is a fiat currency? Fiat currencies are faith based. They are national currencies that are not backed by anything of value like gold, instead…
By Filipe R. Costa. The unprecedented actions by the Federal Reserve to try to end the Great Financial Crisis and kick start the American economy have created a whole raft of unanticipated problems. How these will be solved is anyone’s guess, assuming they can even be solved at all. It is amazing to think how…
By Filipe R. Costa. After printing trillions of dollars to spur growth, the Federal Reserve isn’t exactly doing very well in its goals of stimulating the economy and increasing employment. At best economic output is wobbly and long-term growth trends continue to slow. Faced with such a lackluster performance it makes perfect sense that the…
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TITAN GLOBAL MACRO SINCE INCEPTION (1 JUL 2013) TO COB 5 NOV 2013? + 59.2%
