BOE Prints More.. & Much More to Come
by on Oct 6, 2011 •If you are surprised by this announcement i respectfully suggest you hit yourself firmly in the head and repeat over and over ‘ I am not a sheep, i am not a sheep, i am not sheep’. Rich http://www.marketwatch.com/story/bank-of-england-launches-more-quantitative-easing-2011-10-06-71040?dist=beforebell
‘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...
International Equities.. ‘The Only Show in Town’
by on Oct 1, 2011 •1) Corporate debt cheap and getting cheaper. The yield curve is flattening. Healthy corporate debt yields will likely fall alongside Treasury and MBS yields. 2) Corporate earnings to all other asset classes at extreme positive multiples. To cash or near cash companies yields are on multiples of 10 to 15. ie pes of 4 not...
Economic Indicators 30th Sept 2011 – WF pdf
by on Oct 1, 2011 •Here below the WF weekly economic indicator report. In summary, the data this week mixed but given the very bearish expectations entering the week the data was a little better than expected with a good surprise in US PMI data and durables. Having said this the data continues to be weak but not the ‘off...