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| | | Brace yourself people! We might be in for another rough one this week. Gauging from the S&P 500's 1.2 per cent fall on Friday last week, hang on to your hat Australia. This was reportedly triggered by massive falls in the share price of UniCredit -- ... |
| | | | Fresh events and reports released overnight really did not add to what we already know. We already know that Greece will be bailed out for a default because its exit from the Eurozone would trigger a game of "who's next?" Small and insignificant Greece ... |
| | | | "People hearing without listening." Simon & Garfunkel, The Sound of Silence The US Federal Reserve has spoken - and financial markets didn't like what they heard, for they didn't listen. It was another down day on The Street after the Fed's post-FOMC ... |
| | | | All seems to be clear on the western front today. The sun is shining, the sky is blue (even here in Melbourne) and everything looks hunky-dory, thanks very much. There was a kind of hush all over the world last night - hush over the tragedy that is ... |
| | | | It's got the euro in its hands. It's got the whole world in its hands. There's some semblance of relative calm on financial markets overnight. Wall Street reversed early losses and closed higher. European stocks still ended in the red but on lower negatives ... |
| | | | In case you missed it, former US Federal Reserve Alan 'el maestro' Greenspan has just declared Greece dead - well, almost. No way out. In an interview with Bloomberg TV, Greenspan declared that the "chances of Greece not defaulting are very ... |
| | | | We were just full of it yesterday, weren't we? Yes Virginia, we were filled with the words fear, anxiety, panic, doom and all else in between that spells M-E-L-T-D-O-W-N. We were so full of it that at one point, I thought it was already October - you ... |
| | | | Hang on to your hats, for here we go folks. While the previous day's data releases provided some leeway for positive interpretation, fresh ones out overnight cannot - in any way - be lost in translation. It's therefore not surprising to see Wall Street ... |
| | | | Not that I'm complaining -- but what just happened to Wall Street last night? As far as I'm concerned, the latest economic releases were the stuff sell-offs are made of but nay, nein, nyet - they stamped a buy on equities and commodities. Asia, Europe ... |
| | | | Happy birthday to you Happy birthday to you Happy birthday, happy birthday Happy birthday to you! For all the Republicans out there, celebrating 'our' Queen's birthday - and having Monday off for this - has handed another point for the Monarchist. Long ... |
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