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Monthly Archives: September 2011
World Bank: more liquidity from Central Banks won’t solve this crisis
The current liquidity support measures being used by the European Union to stem the region’s banking and sovereign debt crisis won’t be enough, World Bank President Robert Zoellick told CNBC. The markets have been hoping for further monetary stimulus from … Continue reading
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European glue faltering this morning
For the past year as we have watched the Eurozone extend and pretend, deny and hope, in round after round of unrealistic promises and projections, I have been thinking we would wake up one morning to news that European politics, … Continue reading
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When long bonds trump the loonie
The fear trade has come to life the last few weeks and the above chart from Technician Cory suggests fear may well be here to stay for the next several weeks. Here he shows the US long bond index “TLT” as … Continue reading
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