LiveWire Economics Blog
LiveWire Economics Blog - February 26, 2008 13:58
You’d have to be a monk living in isolated penury to miss the fact that gold is on a tear. Specifically, it has risen from $277.75 on January 4, 2002 to $950 last week, a gain of 242% in just over 6 years. Over the same period, the trembling S&P 500 is up an anemic […]
Yes, you guessed it. Someone out there in Fantasy Finance Land is of the opinion that a collapse in junk bonds is a signal to be bullish on stocks. I am really struggling not to start ranting about the stupidity contained in such a thought.
Following a reading of the Federal Reserve Central Board meeting minutes from January, analysts are pricing a likely rate cut as high as .5 basis points into the financial markets.Â Discussion during the meeting suggests the Fed intends to remain aggressive in its moves to combat the struggling economy.
It was that hour between the FTSE cash closing and FTSE futures closing and I was bored. I don’t trade that hour, it’s too illiquid and can cost you a days earnings if you aren’t careful. So I did what I normally do and checked my emails, deleting the adverts and out of date stuff […]
Oil futures closed above $100 per barrel for the first time ever today (February 19).Â US equities gave up huge early gains in large part because of heightening inflation concerns.Â While much of the government and Central Bank efforts have been focused on stimulating the stale economy, several members of the Fed have recently expressed […]
We all know the talk about Banks exposure to toxic debt and the possible damage to the balance sheets to the point that its becoming a “normal” item on the newsfeeds. So, rather than bore you with the more of the same I thought it was time to look at the charts of banks due […]
Welcome to the weekly report. As another bond market fails due to a dearth of buyers and a lack of support from Market Makers, I want to have a look at the inner workings to see who is displaying signs of distress. Is the Municipal Bond market the right place for investment and have PIMCO […]
Boy you could here the squeals of pain all the way down Wall St. Getting caught by the auditors is the risk you take when you start playing with exotic instruments and “forget” to let the accountants know things may have changed. PricewaterhouseCoopers applied the pressure, uncovering “material weakness” in the way AIG accounted for […]