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When Safe Havens Fall
So what is a safe haven you might ask? Well I certainly don't have the final answer, but I would suppose it should as many as the following characteristics as possible.
Ten things that should be on your radar screen this week
Here are 10 items that investors will be watching this week.
Why Moody’s downgrade of UK sovereign debt is meaningless
Moody's took away the UK's triple A rating late Friday. A ratings downgrade has long been rumored, and although the timing is always surprising, the move itself has long been anticipated. Sterling slumped on the news in thin dealings,…
US Dollar Pushing Through Trendline vs Canadian Dollar
This Great Graphic, created on Bloomberg, shows the US dollar is threatening to move above a trendline against the Canadian dollar drop off the 2011 and 2012 highs. The proximate cause is the dismal retail sales report., which collapsed…
Full text: Moody’s downgrades UK’s bond rating to Aa1 from Aaa; outlook stable
downgraded the domestic- and foreign-currency government bond ratings of the United Kingdom by one notch to Aa1 from Aaa. The outlook on the ratings is now stable.
Gross: Quantitative easing will continue through “at least the end of the year.”
Bill Gross, co-chief investment officer at Pacific Investment Management Co., talks about the outlook for Federal Reserve monetary policy and debt purchases, known as quantitative easing. Gross also discusses the state of credit markets and…
Austerity Brings Down Another European Government
Recent Bulgarian developments are worth discussing. Austerity just brought down another European government, as Prime Minister Borisov and his cabinet resigned this week amidst rising popular protests against his policies. But the story…
Italian Elections: Uncertainty to Linger
The best chances of balancing a strong government with a reform agenda also looks the most likely. It is the center-left winning the Chamber of Deputies and then forming a coalition with Monti's centrists to secure a majority in the…