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Euro-zone: How not to manage a crisis
Germany’s handling of the Euro crisis has been anything but stellar. It all begins in […]
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The Fed has run out of options – is it bluffing?
Tuesday we have US mid-term elections, and Tuesday-Wednesday the FOMC (Federal Open Market Committee) meeting. […]
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Irish, Portuguese government bond yields up sharply – the end of moral hazard?
Irish 10 year government bond yields on Monday reached a new high of 7.1% (compared […]
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Are politicians signaling imminent debt restructuring?
Now things get interesting. If you listen carefully, politicians and central bankers suddenly seem to […]
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Trading olives and feta cheese for submarines is a losing proposition
Greek 10-year government bond yields, after having graced 8.73% merely a good week ago, are […]
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Why the Fed is fighting deflation tooth and nail
Economics class is in session! Let’s have a look on the impact of inflation and […]
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Portfolio managers asleep at the wheel – again?
What would you do if you expected a stock market decline, but had to be […]
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Presenting the LIMTI
Presenting the LIMTI (Lighthouse Investment Management Timing Index) Apart from fundamental considerations markets move in […]
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Bank of America under pressure
Will Bank of America (BAC) get into difficulties because of a) legal problems to foreclose […]
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Gold takes a breather – US Mint to sell some Eagles
First serious setback in the gold price since quite some time (from a record-high $1,363 […]