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Last week, in what should have been an expected announcement and not all too surprising, Japan in fact shocked the world when announcing the latest number from its national debt. It seems 16 digits are now needed to express Japan’s debt and which stands at 1,008,600,000,000,000 Yen – that’s right, a quadrillion yen! We are…

Prem Watsa With Prem Watsa resigning from the Board of Fairfax Financial this weekend it looks like our call on Blackberry last week was particularly prescient (see here –http://www.spreadbetmagazine.com/blog/a-reminder-of-our-blog-earlier-this-week-as-bbry-trades-up-1.html). The stock is one of the largest stock plays in our Global Macro fund and we expect that in the event of an outright sale that a…

  It seems amazing to think that with 63 million people making up the UK population, that no-one was suitable to take on the job of Governor of the Bank of England. Indeed, the other job that no one in their right mind wanted to take on was assigned to someone not local to these…

Emini Dow Jones Sep13 just starting to break lower as we tested support at 15345/35 & spiked to 15305 before recovering. Failure to beat 15375 today keeps the market under pressure for 15345/35 then a retest of 15305. The outlook is quite negative so a break lower cannot be ruled out and could target 15260/55.…

Chinese stocks helped Asian markets trade in positive territory overnight, with the Chinese benchmark index hitting its highest level in almost two months after property developers and commodity producers rallied. Real Estate equities continued their strong run amid continued speculation the government will relax a ban on real estate companies raising funds through share sales. …

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,…