Leaks from Brussels, Germany and Greece indicate that European, US and other governments are already putting into place contingency measures ahead of a potential Greece withdrawal from the eurozone. The pessimistic view – which to a large extent may well
Investors unwisely chasing bonds and ignoring equities
June 2012:- GLOBAL equities are offering the best value relative to bonds since the 2008- 2009 bear market. Such has been the flight into US, German and UK bonds that their yields have fallen well below inflation rate, and are … Read the rest
New burst of energy augurs well for future of US dollar
AFTER years of being a currency no-hoper, the US dollar may become the big surprise for the vast majority of foreign exchange forecasters. Greenback cynicism is not surprising considering that since the beginning of floating exchange rates in the early … Read the rest
‘Helicopter Ben’ stirs comatose gold and silver
In September Federal Reserve Board chairman Ben Bernanke’s Jackson Hole speech caused gold and silver to break out of their long-standing respective trading ranges of US$1,550-1,640 and US$27-29 an ounce.
At the time dealers noticed that there was a slight … Read the rest