"Economy" Posts
WTF Chart of the Day: GE Tells You What The US Investors Are Really Doing
By Lawrence
GE has a good run since the great spike low of 2009. But can it last? Why do the media stop talking about GE? It is, after all, the bellwether stock of the US stock market because of its conglomerate status. In fact, this GE chart closely resemble the overall economic activities of the United […]
Interview With Stan Druckenmiller
By Lawrence
Following is an interview with Stan Druckenmiller by Bloomberg’s Katherine Burton back in March 2013. And this is an updated interview by Goldman Sach’s Hugo Scott-Gall in Jun 2013, http://www.zerohedge.com/news/2013-06-14/stanley-druckenmiller-chinas-future-and-investing-new-normal I do not necessary agree with Mr. Druckenmiller’s many talking points but his understanding of the global economy and where it may be heading is […]
Forex Settlement Rates Have Always Been Rigged
By Lawrence
According to the latest report from Bloomberg, the official WM/Reuters rates are rigged for a long time. The article is a good read for any forex traders not aware of the problem. The scam is done in such elaborate manner that it can put those heist movies to shame. It may be news to many […]
Nikkei Tagged First Pullback Target
By Lawrence
Zoom in to hourly on Nikkei in this chart. This is an update to my post Why Nikkei 16000 Has Always Been The Target? Now that we got the first pullback. We have to ask ourselves – is it done yet? It is similar to the Apple chart I posted before, once you see a […]
The Madness of QE Has To Stop Now
By LawrenceFrom New York Times, http://lens.blogs.nytimes.com/2013/05/22/societal-ills-spike-in-crisis-stricken-greece/?hp Stop the pay out to the fat cats and solve this global financial problem with humility.
The Most Critical Time Since The Start of The Financial Crisis: July to September 2013
By Lawrence
Europe has been on life support ever since the start of the financial crisis. One key mechanism that will be put in place is the ESM starting July 1, 2013. It is supposed to replace the existing temporary solutions including EFSM and EFSF. Notice that this new mechanism is different from the case by case […]
Don’t Even Wish For Better Employment Number If You Own Stocks
By LawrenceToday the Jobless claims number fall to lowest level in 5 years. People just started to cheers about it and keep talking that how high can the stock market goes. Wake up. Fed will reduce QE before employment number hits its target. It is like applying a brake – you have to do it before […]
Currency War Continues With South Korea This Round
By LawrenceThis time it is South Korea’s Bank of Korea who cuts its interest rate. As mentioned last time, once Japan started QE, it would reverse the effects of US and European QEs. Since the major economies all using the same dirty tactics, they can no longer "police" the smaller countries for doing that now like […]
Interesting Read On FOMC Announcement
By Lawrence
The official Federal Open Market Committee announcement on May 1, 2013 contains an interesting statement that every market participants should think about. The all powerful Fed says in its statement that, "The Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor […]
Where Are The Warren Buffett Admirers?
Saw this in the news that this year Warren’s charity lunch auction did not go that well. http://www.ctvnews.ca/business/warren-buffett-charity-lunch-sold-for-1-million-plus-1.1316848 I remember last year the auction settled above $3 millions and it is confirmed in the piece that it was $3.4 millions. But this year it is just above $1 million. So what happens to all the […]