Carney’s reign begins by Ben Turney Today’s meeting of the Monetary Policy Committee (MPC) marks the first of Mark Carney’s reign as Governor of the Bank of England (BoE). He has joined the BoE with a stellar reputation as one of a handful of global superstar central bankers. His supporters point to the success of…
Although it might have been irresponsible to call the floor in Centamin (CEY) ahead of the 48-hour deadline for the former president of Egypt to “vacate office” shall we say, the fact that shares of the gold miner and Egypt proxy did not decline any further below 30p, despite all the chaos in its adopted…
ECB PREVIEW: 10 QUESTIONS FOR DRAGHI Markets expect the European Central Bank (ECB) to hold its refinance rate at 0.50% and its deposit rate at 0% at its July monetary policy meeting. However, the focus will be on ECB president Mario Draghi’s post-meeting press conference; journalists certainly have plenty of ammunition to hit Draghi with. …
By Ben Turney I am not a fan of London’s Alternative Investment Market and have serious doubts if the model can survive in the long run. It is too cannibalistic, the regulatory model is fundamentally flawed and the valuation model relies far more on the manic behaviour of crowds rather than actual growth generated by…
The political crisis which started in Portugal 48 hours ago that continues to escalate into both a political and economic problem at the wider European level is yet another reminder that the European saga hasn’t ended yet. Austerity applied elsewhere throughout the economic bloc has failed to deliver the necessary growth to put an end…
Whereas my esteemed predecessor as Editor of Spreadbet Magazine has had a penchant for mining stocks and calling the floor in that particular asset class after a near two-year rout (or not as the case may be!), one of my many obsessions is the banking sector and the services to the community it provides (or…
Do you remember the May issue of SBM, the one with The Biggest Insider Traders of All Time? At that time we decided to include Steve Cohen and his firm SAC Capital along with big names like Ivan Boesky, Michael Milken, and Raj Rajaratnam. We foresaw the rope tightening around “Stevie” as the Feds rounded…
Guest Post by Investment Contrarians Many people are only just now coming to understand something I’ve been warning about for several months: interest rates are set to rise. In the month of June, there was a record amount of money pulled out of bond mutual funds and bond exchange-traded funds (ETFs). According to TrimTabs, a…
Although it was stated at the time of the Facebook IPO in May last year that we were once again witnessing evidence of a return to bubble conditions in the Internet and technology space, I would venture to suggest that it would be almost impossible for valuations to get as ridiculous as they did around…
Following 3 years of accommodative monetary policy by the US Federal Reserve who have expanded their balance sheet to nearly $4 trillion in order to keep borrowing costs for the US government at record lows and ignite a self sustaining recovery, gold prices in the early stages of this experiment were very buoyant, rising to…
