Next week's key events and data, if we can look beyond Greece and China.
With apologies to his fans, Jerry is an evil little mouse who constantly pesters Tom the Cat. Tom tries and tries, but cannot seem to overpower someone who is a fraction of his size and strength.
What happened in the China stock market is the latest culmination of the slippery slope of governmental and central bank intervention in financial markets.....
So many kings of EURO, you know me as the ace
Perhaps the most concerning is the fact that should a “systemically important” financial entity go bust, any deposits above $250,000 located therein could be converted to equity… at which point if the company’s shares, your wealth evaporates.
Non-bombastic look at the price action and speculative positioning, with the hope of anticipating next week's developments.
Does the next major conflict start with a computer glitch?
Encryption Is As American As Apple Pie: The Founding Fathers Frequently Used It … And It Helped Win the Revolutionary WarSubmitted by George Washington on 07/10/2015 12:51 -0400
Old School American Patriotism ... Washington, Jefferson, Franklin, Adams, Monroe, Hamilton and the Rest of the Founders Used Encryption
Patrick Liu Chunning, the head of Alibaba Digital Entertainment Group, has been arrested over bribery allegations during his tenure as vice president of digital entertainment at Tencent Holdings. Five other former employees of Tencent are being held by authorities as part of the investigation.
In short… the two biggest reasons for the markets to be rallying today (Greece and China) are simply temporary issues. They will resolve, very likely for the worse, in the coming weeks. Smart investors should be using this bounce to prepare for the next wave of the Crisis.
What message is the coal sector sending to the market?
The Fed’s Stanley Fischer has said that the U.S. was preparing such legislation – after Tucker had indicated that such legislation was in place. The EU is also at an advanced stage in forcing countries to ratify bail-in legislation. The legislation is being devised to protect the larger banks against the interest of both depositors, taxpayers and the wider economy.
Come hear the shitty music play...