By Investment Contrarians When we enter the 2013 fall season, we will surely be hit with yet more talk regarding government debt. As the U.S. hits the debt ceiling once again, political grandstanding will be the name of the game. While the budget deficit has improved from the depths of the recession, it is still…
If Federal Reserve Chairman Ben Bernanke were a baseball player, I doubt he would be very good. He may be able to drift around the minor leagues, but clearly, he’s not “big league” material. I surely wouldn’t have him as a manager or bench coach either. As some of you know, I love the…
After a fairly stagnant day yesterday the markets look set to open up today on the back of positive global economic news throughout the night. Japan whose economic growth appeared to slow last quarter was leading the MSCI Asia on the back of machinery orders beating forecasts, MSCI Asia up 0.9%. PM Abe is also…
Sugar has completed the bullish inverse head & shoulders pattern which could see prices drive higher in the next 2-3 months. We broke above the neck line & 100 day moving average at 17.00/02 to ultimately target 18.00/18.25. If we can hold above 17.15 we should now target 17.48/52. We should look overbought in the short…
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.…
