Summer is over, and now the real scramble for performance begins with just 3 weeks left in the quarter. Here is a look at the key economic events in the upcoming week, from around the world.From Thomas Stolper and Mark Tan at Goldman SachsWeek AheadSummer comes to a close and markets swing back into full gear again following the Labour day weekend in the US. The political temperature in Europe, latest round of Eurozone IP data and China data at the end of the week will be in focus. We also get a few interesting central bank meetings from around the world.Post summer blues in the...
CBC.caGuatemala mudslides kill at least 38; 2 buses hitThe Associated PressNAHUALA, Guatemala — Torrential rains from a tropical depression caused landslides that have killed at least 38 people in Guatemala — some of them rescuers trying to save people already buried under a wall of mud. In the village of Nahuala, ......
ReutersFighting Off Any Drama, Venus Williams Shows Toughness in VictoryNew York TimesWith the wind still swirling around Arthur Ashe Stadium, Venus Williams found control of her fourth-round match against Shahar Peer of Israel always blowing just beyond her reach. She battled through long rallies and wore a look of ......
What If “It” Doesn’t End With a Bang But With a Whimper?Mind Games - Chapter Two of Two “It ain’t what you don’t know that gets you into trouble. It’s what you know for sure that just ain’t so.” – Mark Twain May I suggest the reader begin with Chapter One (link below) before progressing further in order to fully understand my meaning when I use various terms or phrases in this essay. http://www.zerohedge.com/...
Via Pension Pulse.Helena Smith reports in the Guardian, Exit from eurozone is Greece's worst option, says Jean-Claude Trichet:Greece's
exit from the eurozone would be the "worst possible option", Europe's
central bank chief said at the weekend amid concerns over the
debt-stricken country's ability to pull itself out...
The ever insightful Don Coxe of Coxe Advisors has released a transcript of his recent discussion on why the rally is fizzling. Aside from everything else, which as usual is spot on and must read, any paper that has the following statement: "In the New York Times today, Paul Krugman got into one of his splenetic rages but he is a terrific and articulate exemplar of the post-Keynesian (that claims to be Keynesian) school, which basically doesn’t believe that government deficits are bad, (they are good) and paying for things in the next generation or the generations after it is okay where it to get us out of what...
The August numbers are in, and they're not pretty.... $211 billion in deficits in August, nearly a record for the year, second only to March with $333 billion. Social Security taxes (which were stolen, of course) provided a $13 billion "help". Here's the updated graph: And now Obama is allegedly going to pop up with more insanity in the form of "making permanent" an R&D credit, which will force it "on-budget." This is being sold as a "new tax incentive", when in fact it is not. Every President since Clinton has had this credit, but...
The Commitment of
Traders Report is created by the CFTC – The Commodity Futures Trading
Commission and is published weekly every Friday. This body gathers and
publishes the open futures positions on all publicly traded US futures
contracts as well as the corresponding options. The data consists of 3 main
categories.
Commercial Traders – These are the bigger players in the markets, the
smart money and consist of large firms that actually use the commodity being
traded, includes companies like…BP in the Oil and Gas Market,...
Roubini's latest media appearance, and now that the spectre of a double dip has fully arisen there are quite a few of them, is with the FT's James Blitz in which the NYU professor does a quick 5 minute summary of what he sees as the main threats to the US economy, among which are a 40%+ chance of a double dip, a sub 1% GDP growth in H2 2010, the disappearance of all stimulus pushes (and the conversion of the fiscal stimulus from a tailwind to a headwind), an awful job market, bigger bank losses, declining home prices, a drop in the stock market, widening spreads, a feedback loop from stock markets into the economy,...
From Stephen Hansberger
Have no tolerance for loss. Sell when you can, not when you have to. Your first loss is your smallest loss. A small loss is better than a big loss. If you enter a trade and the stock doesn’t go the way you predicted, go ahead and take that $50 to $100 loss immediately. Don’t sit their like a twit and try to justify a bad trade as you lose more money, dump it. Move on. Forget the need to be right.
