Global Investing

Turkey’s central bank: still a slippery customer

October 20, 2011

The Turkish central bank has done it again, wrong-footing monetary policy predictions with its latest interest rate moves.

from Jeremy Gaunt:

#ThingsStrongerThanTheKenyaShilling

September 27, 2011

Twitter does have some very strange Trends. These are the things that appear on the right-hand side of the page that show what people are talking about. They more they talk, the more likely it is that something will get listed.  More often than not they are about celebrities such as Justin Bieber.

from Jeremy Gaunt:

Twisted Sister and the Federal Reserve

September 21, 2011

The Federal Reserve's "Operation Twist" has set the literary- and musical-allusion juices flowing.  It is all about the Fed selling or not rolling over short-term debt and buying long-term bonds instead in order to keep borrowing costs low.

from Jeremy Gaunt:

The unsyncopated rhythm of central banks

April 11, 2011

The European Central Bank is off and running with its tightening cycle -- raising by 25 basis points last week and talking in tongues enough to persuade markets that another hike is coming by July.  At the same time, the Fed -- despite some hawkish comments recently about QE -- isn't seen actually tightening for some time. Next year, actually.

Guaranteeing against losses

October 22, 2009

It’s 2002 all over again. Wealth managers are scrambling to get their gunshy clients bank into the market by guaranteeing them there will be no losses, or at least only a few.  They did the same thing after the internet bubble burst.

from David Gaffen:

Hair of the Dog Rally

September 17, 2009

The old lore about the best way to cure a hangover is with a few more nips of whatever it was you were imbibing the previous evening, commonly known as "hair of the dog."

from MacroScope:

Is the ECB driven by pride?

February 9, 2009

All the G7 countries outside the euro zone now have interest rates of 1 percent or less, prompting some grumbling in various financial quarters that the European Central Bank is being particularly stubborn in keeping its rates at 2 percent.

UK economy — too gloomy to chart?

September 18, 2008

During a briefing in the London office of Societe Generale this week, Alain Bokobza, head of European Equity and Cross Asset strategy, handed out a booklet containing series of charts and graphs to explain the bank’s latest multi asset portfolio for the fourth quarter.
Chart
As he explained the outlook for the UK economy, a chart on UK growth was discreetly missing from the booklet.