by Phoenix Capital Research
I wanted to post an update to you as you no doubt are worried about the market especially given the speed and strength of this latest rally at a time when we are largely short the markets.
First and foremost, you should know that nothing has changed in Europe. This market move was kicked off by Mario Draghi, Prsident of the European Central Bank, claiming that he has some [...]
Well read this post from zerohedge..
Last month, the Fed announced that it was formulating a plan to “expand its tool kit”. This includes an openly admitted possibility of a third round of quantitative easing starting as early as September:
This timeline appears to coincide perfectly with the breakdown of the EU, which may also see a climax event in September. In that month, EU policymakers will return from summer holiday. German [...]
Samsung could be hit with a damages bill of $2.5bn if rival Apple can prove that the Korean giant copied its iPhone and iPad technology.
The two tech giants will clash in court in California on Monday in what has been labelled “the patent trial of the century”. After more than a year of the two companies trading accusations and engaging in skirmishes in British, Australian and German courts, a nine-person [...]
ANALYSIS: “The Court of Justice interprets EU law to make sure it is applied in the same way in all EU countries. It also settles legal disputes between EU governments and EU institutions. Individuals, companies or organisations can also bring cases before the Court if they feel their rights have been infringed by an EU institution.”The recent ruling on the rights of used software mirrors other rulings in cases such [...]
Andreas Dombret, a key board member of the Bundesbank, said the grand plan by Brussels is premature and unworkable as constructed. “It has to follow a deeper fiscal union as it would imply significantly increased risk sharing amongst countries.”
Mr Dombret said a pan-EMU deposit-guarantee scheme and a debt resolution fund would require “a genuine, democratically legitimated fiscal union” and a new treaty.
The Bundebank’s vice-president Sabine Lautenschlaeger hammered home the point [...]
The Hellenic Republic Greek CDS Auction has ended, pricing at 21.5%, just slightly less compared to the Initial Market Midpoint of 21.75 of par. As explained back in January 2009, those who had bought the Cheapest to Deliver Greek bonds trading in the teens coming into the auction, made a quick buck, as these will be taken out at a nice premium to purchase price. For those who bought at par, we can only hope they [...]