The Traderszone Network

Moody’s are another in the long list of admirers of New Zealand.
I am here in Australia and is sucks to see such love for the neighbours.
(Disclaimer – my comments on NZ are driven entirely out of envy 😉

Healthcare is a ticking time-bomb.
It is going to affect everything. Regardless of what goes on in DC and who’s controlling Congress, who’s President, etc. It doesn’t matter.

Disposable income is going get hammered.
The markets are at all time highs, forward earnings on the S&P seem “reasonable”….but the markets are not looking far enough forward.

Bears love the phrase “the next shoe to drop”. This is that shoe, but it’s not going to happen in that context.

Without going into a lot…

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Reinsurance is a form of insurance purchased by insurance companies in order to mitigate risk. Essentially, reinsurance can limit the amount of loss an insurer can potentially suffer. In other words, it protects insurance companies from financial ruin, thereby protecting the companies’ customers from uncovered losses.

The simple explanation is that reinsurance is insurance for insurance companies. Reinsurance is the mechanism that insurance companies use to lower their risk or reduce their exposure to a specific catastrophic event.

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Stephen Koukoulas is Dun & Bradstreet’s Economic Adviser, and frequent tweeter too.
He points to an indicator showing worsening trade credit conditions (bolding is mine):

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EURUSD is sliding in early Asian trading after Greece’s government is reportedly planning to forego its next bailout payment (of around EUR7bn) if no debt relief is offered by creditors (thus leaving it likely to default on its next round of repayments).

Bloomberg reports, Greece’s government preparing to possibly go without next bailout payment if creditors don’t agree on debt relief for the country according to German newspaper Bild (without saying where it obtained the information).

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EUR has been under the gun the past few hours, with Draghi & Greece
Dr. D:
–  
– D
Greece:

EUR and CHf are both on session lows against the big dollar: