The Iowa Caucus has left uncertainty about what two candidates will be running in the general election.This uncertainty is disruptive to markets, as investors will not commit new money until they feel comfortable in the future direction of price. Market participants are forced to pay attention to the primaries because of the effect a winner…
Well, don’t say we didn’t warn you. Just yesterday, in the course of documenting the largest ponzi scheme the world has ever known (in terms of number of victims), we remarked that if China’s beleaguered masses needed yet another excuse to rise up and stage massive street protests, they got one in the form of online P2P…
Yesterday’s Trading: My Tuesday’s expectations came off in full. The euro/dollar fell one point short of the 1.0940 target. The falling stock indices and oil prices helped the euro strengthen. The European stock indices fell by 2% on average and the US ones fell from between 1.9% and 2.3%. Brent fell 4.5% to $32.50. The…
