Another credit ratings panic joke - Slovenia down 3 levels an once
The decision of Moody's to downgrade the credit rating of Slovenia by 3 steps at a time shows for another time the full inadequacy of leading old credit rating agencies. This is simply not professional as a rating can not be change so fast and a country can not lose or add 3 levels literally overnight.
Read more...The end of Draghi's void hopes
The last week verbal attack of Mario Draghi that skyrocketed the markets for some days obviously has exhausted its power. Today it became clear that Draghi will do nothing than to talk, as the real boss of the Euro - Bundesbank, still thinks Euro is its currency.
Read more...Facebook at almost 50% drop
Facebook is almost at the $19 per share border that will mark a 50% loss compared with the start-price at the IPO. Yesterday the company has fallen below $22 with overall loss since the IPO of 42%. The general trend and influencing factors are negative so there is no potential for a bullish reverse. So it is a matter of time the 50% loss level to be reached soon.
Read more...The inspiration of negative interests
After 4 years of accelerating monetary stimulus, the Central banks are at the edge of their potential to react. The interest rates are close to zero and trillions of government bonds are in balance sheets of FED, ECB, BoJ, BoE... But the economy is still in a very bad condition. So now some rumors appeared that FED is to further lower the interest rates. OK. Let's go to the end of this way. But after that?
Read more...USA is doing better with a blocked Government
An optimistic news on US public finances suddenly appeared - the government deficit is going down. For 2012 it will be "only" $1,21 trillion, instead of planned $1,33 trillion. Obviously the general trend of progressive increase of the US debt is continuing and still USA is on a road to entire financial catastrophe. But it is interesting to find that Obama will add a little less new debt than expected.
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