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| | | It's oh so bad that it's good. This, Virginia, is the conclusion one would reach if you put last night's assessments on Wall Street with that of the previous day... that is, if one could try to stop oneself from laughing at the spinmeisters. Wall Street ... |
| | | | The Memorial Day holiday in the US must have put Wall Streeters in a good mood - they came back a-shopping and sent the S&P 500 index up to a fresh record high. As the Bellamy Brothers sang, "There's a reason for the sunshine sky there's a reason why ... |
| | | | "Round like a circle in a spiral, like a wheel within a wheel Never ending or beginning on an ever spinning reel..." - Noel Harrison It's up, it's down... it's goin' round and round. Yup Virginia, that's Wall Street for you. But the up one day (on dip ... |
| | | | We're in trouble now Virginia... you, I and Irene! That credit ratings agency - Standard & Poor's has waded in into the Federal Budget and put us, Australians all, on notice. Just read S&P's sovereign analyst Craig Michael's lips: "If it looked as though ... |
| | | | With growth like this what's a central banker to do? It might have been too easy for the Fed to justify its steady taper as she goes despite the National Accounts showing that real GDP growth slowed to a snail dragging a very heavy object pace - 0.1% ... |
| | | | Anything you guys can do, I can do better... If the Fed, BOJ, ECB and PBOC could do it - forward guiding markets that monetary policy would remain easy (easier next month in the case of the ECB) - why couldn't the BOE? Yes it could! By most indications ... |
| | | | Phew! Well that wasn't so bad after all. Yes Virginia, if you didn't fall asleep listening to Treasurer Joe Hockey's budget speech last night - mainly because most of the measures Joey mentioned were already drip-fed to us days in advanced - you'll ... |
| | | | Looks like someone forgot to tell the stock markets that we're already halfway through May - halfway through the month that's statistically biased towards losing money. Market action over the past 24 hours shows that most have not gone away and those ... |
| | | | "War, huh, yeah What is it good for Absolutely nothing." - Edwin Starr Nah Virginia, I'm not referring to the one that's feared to erupt soon after pro-Russian rebels in the Ukrainian regions of Donetsk and Luhansk went ahead with the secession referendum ... |
| | | | "Whispering hope, Oh how welcome thy voice..." Greenspan's done it. Bernanke did it. Now, Yellen's doing it -- the Fed put, that is. If you still doubt it, Virginia, just have a look at last night's trading action on Wall Street. Sure, there was some ... |
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