‘Tax The Rich’ Is the Developed World’s New Mantra
by on Oct 6, 2011 •http://www.businessinsider.com/italy-announces-higher-taxes-2011-9 http://www.guardian.co.uk/business/2011/sep/16/spain-raises-tax-on-rich http://www.washingtonpost.com/business/economy/obama-proposes-new-taxes-on-wealthy-for-half-of-debt-plan/2011/09/19/gIQATnkNfK_story.html http://www.guardian.co.uk/business/ireland-business-blog-with-lisa-ocarroll/2011/jul/27/property-tax-ireland-poll-tax http://business.financialpost.com/2011/08/24/france-cuts-growth-forecasts-raises-taxes-on-rich/ Name a DM country and you will see initiatives to tax the ‘rich’. Democracies merely rely on the majority verdict. If the majority want to expropriate everything from one or other group they can and often vote it through especially if media services pump the political spin. I flagged this...
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Buy Stocks – ‘Intermediate Low – Buy Weakness’ UBS Update
by on Sep 27, 2011 •UBS are of the view that the low is likely in for this leg of the cyclical bear. They do leave the door open to a retest of the lows of this leg in the next week or so but recommend any such move as a ‘buying opportunity’. October rebound scenario. Sectors etc are in...
Dr Marc Faber Succinctly Summarizes on Reuters.. 22nd Sept
by on Sep 24, 2011 •Dr Faber’s track record is really something. Here on Reuters from the 22nd summing up the history and forward perspectives perfectly for us. “Globally something is awfully wrong”. http://insider.thomsonreuters.com/link.html?cn=uidTWASIA&cid=265773&shareToken=MzpkMzJjMDcxNi03YTcyLTQ5YzAtYWEyZC05ZWY4Y2MyZGFiMjU%3D&start=0&end=303 “I think the US dollar will continue to strengthen”. “Meaningful slowdown in the Chinese economy coming. Will it collapse or slow down is a different issue....
30 Year Treasuries at 3% Yield – Fed ‘Twists’ & Targets the Long End
by on Sep 21, 2011 •No expansion of the balance sheet. The Fed to: 1) Roll over expiring short term treasuries on to long term treasuries 2) To actively sell $400bn of short end treasuries and buy longer dated treasuries 3) To roll over mortgage back securities that the fed holds on her balance sheet to push mortgage rates lower....
Credit Suisse – Secular Commodity Bull Intact but Volatile..
by on Aug 29, 2011 •According to Credit Suisse commodity markets can move higher under their own weight due to the supply demand imbalances that exist in the world. They go so far as to say, commodities will, over time, remain uncorrelated with equity and other asset markets, to the upside.. (Indeed as they have been for the last decade...
Free Markets – to a lesser (& lesser) Extent..
by on Aug 23, 2011 •Hey guys, everything moving ahead perfectly isn’t it.. no one should be too surprised by any of the price action we can see before us, imo.. I’ll do a technical and macro comment on another post but firstly price controls/free markets.. I’m not sure who else is trading the softs here but anyone close to...
Goldmans Commodity Watch 2H – 2011 pdf
by on Jul 11, 2011 •From a few days ago, the Goldmans 2h view for commodities. ‘We reiterate our long trading recommendations for Brent crude oil, UK natural gas, copper, zinc and soybeans’. 59520474-Goldman-Sachs-Commodity-Watch-2H2011-Outlook-July-7-2011 Essentially bullish due to the supply demand imbalances but near term volatility and short term risks to the downside. 20% upside for the next 12 months...
Markets (catchup)
by on Jul 11, 2011 • Markets So where are we here and now and where are likely to move to in the near term. Asia over night was weak. Singapore, HangSeng, Nikkei down over night. No particular fireworks although the Hangseng showed the best chance of producing fireworks particularly at the end of the session. I...
China Raises Rates, can’t sell Bonds, Trade Surplus Widens
by on Jul 10, 2011 •Having narrowed recently, the trade surplus is widening again. Why? According to China’s own data she has been using stores of food and metals. Copper imports are slightly up from the prior month (but remember the prior month was very low for copper imports due to draining her stores – note copx price very high...