- What Maslow and Rand Would Tell Investors Today
April 02 2013 11:14 AM
I have always been fascinated by what motivates people. What motivates Tiger Woods to pursue the goal of being the world’s greatest golfer? What’s the motivation driving Warren Buffett to continue purchasing companies instead of retiring in Tahiti? Or how about the motivation behind the trucks allegedly packed with euros parked in front of the Central Bank in Nicosia?
- Peter Schiff - CYPRIOTS IN THE STREETS
April 02 2013 8:59 AM
The news of the month comes from the large Mediterranean island of Cyprus, where Keynesian economic planning left the economy facing complete bankruptcy. The result was an unprecedented step forward in the financial collapse of the West: direct forfeiture of bank deposits.
- Tensions Run High in the Eurozone
April 02 2013 8:07 AM
The euro traded steadily near $1.28 on Tuesday morning after a difficult first quarter wracked with financial and political problems. At the moment, the biggest weight on the common currency's shoulders is Cyprus' bailout agreement, which ruffled investors' feathers with its unconventional fund raising scheme. In the agreement, Bank of Cyprus account holders will be forced to bear the brunt of the country's debt and are expected to lose around 60 percent of their savings.
- The Real Fallout from Cyprus
April 01 2013 10:38 AM
Holders of the Euro currency should be glad that the Troika is finally doing something besides just making more loans, printing more money and monetizing more debt—unlike what the Treasury and Federal Reserve is in the habit of doing. For me, this has to be positive for the Euro in the long term because the ECB is not expanding its balance sheet, while the Fed is rapidly expanding the U.S. monetary base.
- Euro at $1.27 Ahead of ECB Meeting
April 01 2013 8:25 AM
The euro traded at $1.27 on Monday morning as the eurozone began the week sure to be plagued with political and financial turmoil. The common currency treaded on thin ice ahead of the European Central Bank meeting, set for Thursday.
- Can Hyperinflation Be a Real Threat to the U.S.?
March 29 2013 10:36 AM
While inflation seems to be on everyone’s mind these days, misconceptions abound. Indeed, few concepts in economics are as misunderstood as inflation. This month I take a look at some common questions about inflation, and a few that I wish more people were asking. “Until we return to a stable, rule-bound international monetary system, inflation will continue to be source of anxiety in economies and asset markets around the world.”
- Does Limited GDP Growth Indicate Better Things to Come?
March 28 2013 10:35 AM
While Europe finds itself still shrouded in the dark veil of the debt crisis, the U.S. is looking at decidedly brighter skies, as the economy continues its positive trajectory. While growth remained slow in the final months of 2012, stronger business spending helped advance the nation’s gross domestic product at a 0.4 percent annual rate between October and December, the Department of Commerce reported on Thursday.
- Euro Down as Cypriot Banks Reopen
March 28 2013 7:52 AM
The euro fell on Thursday morning as Cypriot banks prepared to open after being closed for an extended bank holiday while lawmakers sorted out the country's bailout agreement. The common currency was trading at 1.2791 at 10:43 GMT, almost an hour after Cypriot banks opened. Cypriot lawmakers have put in place a set of strict controls to keep account holders from flooding banks and emptying their accounts. Though the controls are designed to prevent capital flight from the tiny island nation, many worry that there could still be a run on Cyprus' banks.
- Euro Bears See Euro Dropping to $1.20 This Year
March 27 2013 9:05 AM
The euro traded steadily above $1.28 as investors continued to fret about Cyprus' bailout plan and its impact on the rest of the currency bloc. Dutch Finance Minister and President of the Eurogroup' comments that the plan to use individual deposits to raise bailout funds could become a template for future bank rescues shook financial markets and stirred up fresh tension between struggling southern European countries and their northern counterparts.
- Spot EUR/USD Forecast for 03/27 by Daytradeideas.com
March 27 2013 8:55 AM
EURUSD held 1.2890/80 & Monday’s low at 1.2830 in the downtrend so the same levels apply for today. We run in to resistance today at 1.2890/80 but if we push through 1.2902 look for 1.2945. We can look for a top here & try selling short with a stop above 1.2970. Next resistance is at 1.3015/20 for trying shorts again. Support at 1.2845/30 but below here we could sink further to 1.2795 & then 1.2745/35. If prices were to continue lower we should test 1.2690/80 support.
- What Can Warren Buffett Teach Us About Cyprus?
March 26 2013 3:26 PM
Warren Buffett has offered a lot of timeless wisdom to investors over the years. Considering the recent turmoil in Cyprus, now is a good time to review a fellow named Mr. Market. The Oracle of Omaha and chief executive officer of Berkshire Hathaway (NYSE:BRKA) (NYSE:BRKB) makes regular appearances on television, but his annual letters to shareholders still provide the biggest bang for your buck. In the 1987 letter, Buffett introduces readers to Mr. Market, a character that came into Buffett’s life from his teacher and the father of value investing, Benjamin Graham. Mr. Market is the mental attitude towards market fluctuations. He is reliable in the sense that he appears daily to provide market quotations. However, his mood is anything but reliable.
- Euro Drops As Relief From Cyprus Deal Turns To Fear
March 26 2013 7:53 AM
The euro retreated on Monday evening after rumors circulated that Cyprus' bailout deal could set a precedent for future eurozone aid packages. The common currency dropped to 1.2876 on Tuesday morning at 7:00 GMT.
- Bernanke Defends Expansionary Monetary Policy
March 25 2013 4:31 PM
“The topic of this session is lessons learned from the financial crisis,” said Chairman of the Federal Reserve Ben Bernanke at the beginning of a speech he delivered on Monday at the London School of Economics. “For me, perhaps the central insight is that the recent crisis, despite its many exotic features, was in fact a classic financial panic–a systemwide run of ‘hot money’ away from assets whose values suddenly became uncertain.”
- Cypriot Bailout Deal Could Be Too Little Too Late
March 25 2013 8:02 AM
The euro rebounded on Monday and traded at 1.3005 at 9:33 GMT after eurozone officials reached a last minute deal on Cyprus bailout terms. Last week, the common currency was under heavy pressure as many speculated that Cyprus would exit the euro after the tiny island nation rejected the initial terms of its bailout.
- EU Gives Cyprus an Ultimatum: Raise Funds or Banks Will Fail
March 22 2013 8:18 AM
The euro hovered just above $1.28 on Friday morning after data showed that the region continued to slide in March and Cyprus' problems worsened. The New York Times reported that the index of purchasing managers by Markit Economics showed the eurozone was on a steady downward decline.
- ECB Sets Ticking Clock For Cyprus Bailout
March 21 2013 3:19 PM
The Mediterranean island nation of Cyprus has until Monday, March 25, to agree to European Central Bank and International Monetary Fund bailout conditions, or its illiquid banks will be cut off from emergency funding. If the funding is cut, economists expect the country’s top banks to collapse. Aside from the obvious economic catastrophe this would cause Cyprus, the event would shock the euro zone’s already fragile economy and could negatively impact global markets.
- Eurozone Growth Slows in March
March 21 2013 1:31 PM
Eurozone growth continued to slow in March raising fears of a prolonged, deepening recession and raising calls for the European Central Bank to act quickly to prop up the fledgling European economy. Markit Economics reported that both the service sectors and manufacturing sectors in France, Germany, and the broader eurozone slowed in March.
- Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD
March 21 2013 1:15 PM
USD weakened as concerns over Cyprus eased - JPY strengthened against the USD after the inauguration of new BoJ Deputy Governors yesterday - Commodity currencies strengthened after better data from CAD and NZD
- Is volatility returning to markets?
March 21 2013 1:01 PM
Obviously the Vix is low. The world stock markets are all rallying till recently. This all in spite of a currency war in Asia, the EU in constant turmoil, war in the Mid-East getting ready to escalate, the economies of everyone is shambles. What is wrong with this picture?
- Euro Ticks Up On Hopes of A New Cyprus Deal
March 21 2013 8:09 AM
The euro gained on Thursday morning as investors found security in a statement from the European Central Bank, which claimed the bank was willing to fund Cyprus' banks within certain limits. The currency rose to 1.2944 at 6:31 GMT on Thursday while eurozone officials continued to negotiate terms of the deal.