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Mental contortions of a printing machine operator
“We never pre-commit” is the standard answer the ECB (European Central Bank) has for anyone asking about future interest rates (journalists regularly waste one of their two permitted questions at ECB press conferences). Why should central bankers not indicate future interest rates decisions? Because market participants will price that information accordingly, so the announcement would…
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Technical analysis February 8, 2012
Time to take a look again at the technical picture of the S&P 500 Index, which seems to be in a nice uptrend, undeterred from anything: If only the volume was increasing (usually, higher prices are met with higher volumes as more investors are willing to part with their shares and buyers have to “eat”…
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“Nobody understands debt (but me)”
Luckily they are easy to spot: the demagogues, the manipulators and the hired claqueurs. Unfortunately, there is no lack of media willing to provide a platform to perform their insidious game. Take Nobel-prize wielding economist Paul Krugman. In an article for the New York Times (“Nobody understands debt”) from January 1, 2012, he writes: “Through…
Month: February 2012
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