Archive - Sep 4, 2014 - Blog entry

Since the inception of Obamacare, Humana up more than 440% because just as cereal manufacturers decrease their costs by putting less cereal in the same box, health insurers have raised the deductibles and co-insurance.

Bank of England plans to make bondholders and depositors bear the cost of bailing out failing banks has led Moody’s to downgrade its outlook on the UK banking sector.

Borrowing more money at cheaper rates might provide short-term liquidity, but it does nothing to reduce your leverage in the real world. This is why, generally speaking, all Central bank policy is failing to generate growth: Central Banks can’t really do anything to remedy the situation!

WARNING: THIS POST IS NOT SUITABLE FOR VIEWING WITH  FOOD, BEVERAGES AND GOLF

Draghi cut rates and announced ABS/covered bond purchase plan to start next month.  Balance sheet between TLTO and purchase scheme to increase by ovre 1 trillion euros

Sterling fell sharply yesterday as traders became nervous of a possible vote for Scottish independence. The referendum on Scottish independence from the United Kingdom takes place on Thursday 18th September. 

While the referendum and the potential impact of an independent Scotland have been on the horizon for some time, the approaching vote in two weeks is causing upheaval for the British pound in currency markets, and also more general macro uncertainty in the regional economic and monetary system.