What I am reading this weekend

By Investing Contrarian

Published: October 31, 2009

Well what a week. Just when you thought markets were ready to move up after a cracker of a GDP number, markets sold on the news.
Well there are many views out there speak about which the markets are moving now, but the volatility is definitely back. VIX smashes thru 30 from 25.
Technical Analysis [...]

The 5 scenarios

By Investing Contrarian

Published: October 31, 2009

Weekend Reading
Moneywatch.com
1. Runaway Inflation
“I don’t think we’ll have a crash like the last one, but the risk that we will have a significant bear market is very real. There could be several catalysts. For one, European banks are undercapitalized and overleveraged — far more overleveraged than U.S. banks. So the likelihood of a major European [...]

Stimulus Jobs

By Investing Contrarian

Published: October 31, 2009

Click to enlarge
Source: NY Times
Ny Times reports
The jobs announced Friday were created by about $159 billion in grants, loans and contracts made available to the states. About $37 billion of that amount has been paid out so far.The Obama administration said the jobs were evidence that the stimulus was on track to save or create [...]

UK set to increase QE

By Investing Contrarian

Published: October 30, 2009

UK is all set to increase its quantitative easing programme by another 30 billion pounds. The pressure will be on Mervin King to keep his Macho side aside about rasing rates (Read his interview to Telegraph) and do as he is told. We all know how BoE works.
The likelihood of the Bank of England next [...]

Look East: There is nothing in West

By Investing Contrarian

Published: October 30, 2009

Dan Roberts writes for the guardian that while the US is growing, the debt around its neck will act as a millstone while the less leveraged asian economies will grow.
International comparisons matter because they allow us to judge relative performance, but putting jingoism to one side, the sight of the world’s largest economy recording GDP [...]

Brown under attack over US growth

By Investing Contrarian

Published: October 30, 2009

Labour’s economic record came under renewed attack as the United States became the latest major industrial nation to celebrate a recovery from the most pronounced global recession since the 1930s.
The recovery we are now seeing in the US is in a good part down to the positive action the Obama administration has taken to support [...]

China: The next Europe in Luxury market

By Investing Contrarian

Published: October 29, 2009

Source: Mint

Car bailout by country

By Investing Contrarian

Published: October 29, 2009

Source: FT

Soros: Lecture to MIT

By Investing Contrarian

Published: October 29, 2009

http://www.ft.com/cms/668e074a-bf24-11de-a696-00144feab49a.html?_i_referralObject=11046893&fromSearch=n

Norway first to raise rates in Europe

By Investing Contrarian

Published: October 28, 2009

Norway on Wednesday became the first European country to raise interest rates since the current financial crisis began, lifting its benchmark rate by 0.25 percentage point to 1.5% in response to signs of economic recovery.The Executive Board’s strategy is that the key policy rate should be in the interval 1¼ – 2¼ per cent in [...]

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