According to News 24, a recount for the ANC presidency is underway, adding that “NDZ’s camp insisted on recount after she lost the vote, they say. That may cause the delay in announcement.” Update: a recount for ANC president is underway, say 3 sources with knowledge. NDZ’s camp insisted on recount after she lost the…
Having gone through the index charts this morning, I can only say one thing: there isn’t a single bearish thing I can say about any one of them. They just………..keep going………..up. There aren’t any topping patterns. There aren’t any particular demarcations to indicate a reversal. They simply keep ascending, irrespective of anything. Is this my “capitulation”? Yeah,…
Last week was another mixed affair for the world’s major markets with the DAX, CAC and Nikkei retreating. In Europe over the course of the week, the FTSE was up on last week’s close by 1.3% at 7490.6; the DAX ended at 13104, 0.38% down on last week’s close; the CAC was down by 0.92%…
Markets seem to think the Federal Reserve’s recent policy statement and Chair Yellen’s subsequent press conference comments were dovish. This is a misread that I believe will have a meaningful impact on fixed income markets. The big question is whether a Fed that is more hawkish than expected is bearish for bonds or simply presents…
Greece has confirmed that a nation can spend itself into a fiscal crisis. And the Greek experience also has confirmed that bailouts exacerbate a fiscal crisis by enabling more bad policy, while also rewarding spendthrift politicians and reckless lenders (as I predicted when Greece’s finances first began to unravel). So now let’s look at a third question: Can a country tax itself to death? Greek politicians…
Greece has confirmed that a nation can spend itself into a fiscal crisis. And the Greek experience also has confirmed that bailouts exacerbate a fiscal crisis by enabling more bad policy, while also rewarding spendthrift politicians and reckless lenders (as I predicted when Greece’s finances first began to unravel). So now let’s look at a third question: Can a country tax itself to death? Greek politicians…
In last week’s B.I.G. Tips report on Retail Sales for the month of November, we noted that the internals of the report were “suggesting strength in the housing sector.” That idea was confirmed in the just-released December Homebuilder sentiment survey from the NAHB. While economists were expecting homebuilder sentiment to increase slightly from 69 to 70, the…
AUDUSD remains in the uptrend from 0.7501, the fall from 0.7694 is likely consolidation of the uptrend. Range trading between 0.7580 and 0.7694 is possible in a couple of days. The uptrend could be expected to resume after the consolidation and a breakout of 0.7694 could take price to test 0.7729 resistance. Above here could…
According to a Research and Markets report, the global cloud storage market is expected to grow from $25.171 billion in 2017 to $92.488 billion by the year 2022, at an annualized growth rate of 29.7%. The growth is expected to be driven by the increasing adoption within the BFSI, healthcare, and media and entertainment verticals. But…
In the November edition of the Market Overview, we briefly discussed a Taylor rule, showing that adopting it would lead to significantly higher interest rates. But how goes that rule really work? It is worth analyzing it, as John Taylor, although not chosen as the next Fed Chair, may be still nominated into the Board of Governors…
