Macro matters:
My MUST READ (or more correctly the 'must view') is this posting from Bespoke Invest who provide a phenomenal service with their August/QTD/YTD performance table:
Impossible not to learn something from the above table...
The Sunday Times gives a clear steer on the ECB and QE (with a monthly meeting due this Thursday): 'Economists think the ECB could use the monetary policy meeting on Thursday to confirm plans to buy between €50bn (£39.5bn) and €200bn of bank loans to kick-start lending and boost the economy. The move would fall short of a full-scale quantitative easing (QE) programme, like the bond-buying schemes launched by the Bank of England and the US Federal Reserve, but would be seen as a first step towards QE later this year or in 2015'
What a great story/headline: 'North Korea Owes Sweden €300m for 1,000 Volvos It Stole 40 Years Ago'. Link here.
A couple of interesting charts from the Robert Main weekly. First, natural gas (which I really should do some work on with the natural building seasonal support) and...
...USD/JPY where I am short the latter against the former. I like Robert's observation that 'Above the target is in the highs 160'. I could not agree more given the shabby general economic fundamentals in Japan at the moment...
...as nicely discussed here with this great chart (and observation):
Thanks to the Hebba weekly gold newsletter for this quote from the retired US Senator Alan Simpson of Wyoming:
'"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves."
Company-related observations:
A couple of interesting charts from the Robert Main weekly. First, natural gas (which I really should do some work on with the natural building seasonal support) and...
...USD/JPY where I am short the latter against the former. I like Robert's observation that 'Above the target is in the highs 160'. I could not agree more given the shabby general economic fundamentals in Japan at the moment...
...as nicely discussed here with this great chart (and observation):
Thanks to the Hebba weekly gold newsletter for this quote from the retired US Senator Alan Simpson of Wyoming:
'"Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. And debt is the money of slaves."
Company-related observations:
'Reality check' for UK supermarkets piece here with the observation that 'the major supermarkets are now facing up to a brutal reality. The years of comfortably operating in an ever-growing market are over. For shareholders, the consequences are likely to be costly'. My observation is what is priced in...
Glaxo shareholders as per The Sunday Times are calling for a 'board shake-up' which may lead to the potential exit of the chairman.
Glaxo shareholders as per The Sunday Times are calling for a 'board shake-up' which may lead to the potential exit of the chairman.
Lovely 10 year plus write-up on Google here which included this table. (Oh to keep on finding the 28% 10 year CAGR's...)
As per Bloomberg, 'CaixaBank SA Spain’s third-biggest bank, agreed to buy banking operations in the country from Barclays Plc for about 800 million euros ($1.1 billion) in cash to expand its business'. Probably a good deal for both sides.
Seeking Alpha notes that 'Alibaba (Pending:BABA) is aiming to launch its IPO early in the week of Sept. 8, with shares possibly trading as soon as Sept. 18 or 19, sources tell the WSJ'
And finally...
An amusing cartoon...
Have a good week
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