8 February, 2015 by The TZ Newswire Staff Comments Off on Violent Extremism & Europe’s Economic Hardship
Violent Extremism & Europe’s Economic Hardship
Excerpted from Paul Singer’s Elliott Management letter to investors,
CLASH OF CIVILIZATIONS?
8 February, 2015 by The TZ Newswire Staff Comments Off on Citi Warns Chinese Stocks "Look Precarious", Fears 23% Downside Correction
Citi Warns Chinese Stocks "Look Precarious", Fears 23% Downside Correction
The Chinese stock market is “looking prercarious” according to Citi FX Technicals’ team. A bearish outside day on the Shanghai Composite could represent just the first of a series of technical patterns that suggest a potential 23% correction… as 100s of thousands of newly minted margin’d retail equity ‘investors’ find out the hard what a tap on the shoulder feels like. As Paul Sinder warned, “take a look at a chart of Chinese retail margin debt, but not just right before bedtime. It looks something like the U.S. figures heading for 1929.“
8 February, 2015 by The TZ Newswire Staff Comments Off on Asia shares stumble over weak China trade
Asia shares stumble over weak China trade
Asian shares wobbled on Monday after dismal Chinese trade figures fueled concern over a slowdown in the world’s second largest economy, while solid U.S. jobs data were a mixed blessing as they raised chances of a U.S. interest rates hike mid-year. Data published on Sunday showed China’s trade performance slumped in January, with exports falling 3.3 percent from year-ago levels while imports tumbled 19.9 percent, far worse than analysts had expected.
8 February, 2015 by The TZ Newswire Staff Comments Off on HSBC admits Swiss bank failings over client taxes
HSBC admits Swiss bank failings over client taxes
British bank HSBC Holdings Plc (HSBA.L) admitted on Sunday failings by its Swiss subsidiary, in response to media reports it helped wealthy customers dodge taxes and conceal millions of dollars of assets. “We acknowledge and are accountable for past compliance and control failures,” HSBC said on Sunday after news outlets including French newspaper Le Monde and Britain’s The Guardian published allegations about its Swiss private bank.
8 February, 2015 by The TZ Newswire Staff Comments Off on Oil steadies after weak Chinese trade data
Oil steadies after weak Chinese trade data
Oil prices steadied on Monday as falling U.S. oil rig counts and signs of strong U.S. economic growth were balanced by a slump in Chinese imports, pointing to lower fuel demand in the world biggest energy consumer. Global benchmark Brent crude oil for March was up 30 cents at $58.10 a barrel by 0420 GMT (11.20 p.m. EST Sunday) after rising as high as $59.06 earlier in the session. The move ended a six-month slide that saw oil prices lose more than half their value.
8 February, 2015 by The TZ Newswire Staff Comments Off on Top clicks this week on Abnormal Returns
Top clicks this week on Abnormal Returns
8 February, 2015 by The TZ Newswire Staff Comments Off on Albert Edwards’ On The Next Shoe To Drop: The Realization That Core Inflation In The US And Europe Are The Same
Albert Edwards’ On The Next Shoe To Drop: The Realization That Core Inflation In The US And Europe Are The Same
When it comes to macroeconomic forecasts, one could not have been more spot on than SocGen’s Albert Edwards, whose call of nearly two decades for a global deflationary “Ice Age”, much to the chagrin of the “recoveristas“, has proven absolutely accurate, now that one after another global region is succumbing to deflation.