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A quick note on Greek privatization.

Posted by on Apr 5, 2012 in Economics, General | 0 comments

A quick note on Greek privatization.

For the last year Greece has been trying to sell off as much state assets as possible in order to reach the goal of EUR 5bn raised by privatization. By the end of 2011 the government had only secured EUR 1.7bn. It seems that now they will be able to increase that amount with the sale of the government’s share of the Greek lottery (OPAP SA). The only problem is that they are getting a very bad deal out of it. The Greek Lottery is one of the very few enterprises in Greece today that is...

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EURUSD short

Posted by on Nov 11, 2011 in General, Live Trading | 0 comments

EURUSD short

Short EURUSD position below round number. 2/3rds closed at + 27 pips. Stop currently at +17 pips.

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Pic of the week.

Posted by on Sep 9, 2011 in General | 0 comments

Pic of the week.

Rumours of a Greek default further complicated things in Europe after Jurgen Stark decided to resign from his ECB job as a leading economist.

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Some hints from the NYFed on what’s to come on Thursday.

Posted by on Sep 6, 2011 in Economics, General | 0 comments

Some hints from the NYFed on what’s to come on Thursday.

Markets are eagerly anticipating Obama’s speech on Thursday, that could outline the future plans of the administration on how to deal with the slowing economy and persistent high levels of unemployment. In recent speeches the president has indicated that his efforts will be directed towards infrastructure projects and some form of housing subsidy. There isn’t much to be said about new infrastructure projects which are expected to be pretty straight forward, on the real estate side,...

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Markets at the begining of the week.

Posted by on Aug 15, 2011 in Economics, General | 0 comments

Markets at the begining of the week.

Last week marked four consecutive days of huge volatility and swings from the upside to the downside. The VIX (general index of market fear) reached very high levels that usually mark an intermediate bottom in equities. S&P500 confirmed and even surpassed its head and shoulders target and looks like consolidating for now. The evidence for a new cyclical bear market gets more and more compelling. The key level to watch over the next few months is 1250, where we saw a hammer candle printed...

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Peak oil anyone?

Posted by on Aug 3, 2011 in Economics, General | 0 comments

Peak oil anyone?

Two charts from Mish plotting the Petroleum Distillates Distribution Demand in the USA: Oil is the most energy rich resource available on Earth. The lack of it will mean a drastically more efficient economy most probably combined with declining demand for goods. All of the above is negative for GDP growth. Add monetary and financial woes and you get a pretty pessimistic picture for the future. First step is to acknowledge that there is a problem in the current economic model – it does...

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