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| | | We're now nearing the end of the first month of 2012. And it's been so far so good for financial markets. Hey, did somebody mention the "January effect"? You know the one, the observation that the market's performance for the entire month of January ... |
| | | | Something looks wrong - very, very wrong - with how financial markets are conducting themselves nowadays. Investors greeted 2012 with almost universal agreement that the global growth outlook would be worse than it was in 2011 - the World Bank recently ... |
| | | | Oh boy, oh boy, oh boy. Have you seen this morning's headline on theage.com.au? "'Ugliest' of times ahead." It's all about the World Bank's latest Global Economic Prospects report that, "signalled a downturn so severe it would eclipse the chaos that ... |
| | | | Schettino: "In this moment, the boat is tipping... Commander, please..." De Falco: "No, please. You now get up and go on board..." Schettino: "I am here with the rescue boats, I am here, I am not going anywhere, I am here..." This is my personally mouse-clicked ... |
| | | | Standard & Poor's was at it - slashing - again last night. After lopping off one A out of France's and Austria's AAA credit rating at the end of last week, it did the same for the European Financial Stability Fund (EFSF). According to S&P: "We consider ... |
| | | | It's a brand new year, yet why does it feel that times are not a-changin'? The problems of 2011 merely just got carried over into 2012. And if you believe those start of the year forecasts, the times could even be a-changin' for the worse - and the ... |
| | | | Well this is it folks, my last piece for the Year 2011 - the year most of us would like to forget. And for my finale, I'd like to take you back to the beginning. At the start of 2011, I wrote: "If you think 2010 was a challenging year, early indications ... |
| | | | A brand new day, same nagging issues. The headlines may have changed but the underlying problem remains - the uncertainty that is the European sovereign debt problem. We were reminded of this again last night. Rising yields. Italian yields hit fresh ... |
| | | | To all those who have Christmas lunches - long liquid lunches - to go to today, go now pronto for developments in the financial markets last night was another one of those "ho-hum" moments. Not that you'll pick it from the headlines and stories doing ... |
| | | | "Tell him he's dreaming." Twelve days to Christmas and by the looks of it Europe's dream of appeasing one and all, including themselves, remains just that - a fantasy. All three credit rating agencies came out last night to deliver their verdict on ... |
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