Hong Kong is an amazing place. It is a sophisticated country with well developed laws and markets that promote freedom and prosperity. It is consistently ranked as one of the easiest places in the world to do business. It is one of the most important
Bloomberg reporting today that Denmark’s largest pension fund is not at all worried about the EURDKK peg breaking. Sigh, where to begin?
War destroys wealth. Here’s a visual of Ukraine’s currency tanking today. Any coincidence that Secretary Kerry arrived today?
For those that jumped on the bullish EURUSD freight train yesterday you better jump back off before it wrecks. The ECB has announced today the removal of the credit rating waiver for Greek bonds.
So the Syriza party has won. FX markets are opening back up and as you can see the EURUSD is back under pressure to the downside. There is nothing surprising about this election nor about the movement of the EURUSD. The Greek tragedy is far
If you’ve been watching the news you probably heard that there was a serious rocket attack in Mauripol, Ukraine yesterday. Both sides are already blaming each other but something else disturbing has emerged.
I’m sad to read today on Bloomberg about Everest Capital’s oldest hedge fund biting the dust over the moves in the EURCHF. Marko is a legend and has weathered some incredible storms out there. Everest is one of the longer running global macro shops out
This market is on blast off!
If you’re not yet contacting your congressman about energy policy you are asleep at the wheel. Let me break this down. Oil is a subsidized business. Fact. OPEC is a cartel run predominantly by government owned oil companies. Fact. Oil is trading below the price
Insurance blog Artemis has a great post from a few days ago titled Reinsurers (and ILS) may underestimate climate change exposure: S&P.