cliff dive

3 month Euribor goes negative for first time!

We live in interesting times. The ECB funding rate, Euribor, for 3 month terms has gone below zero % for the first time….

April 21st, 2015 by

Financials

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exploding inflation

Bonds: Negative yields say inflation is dead. Oh really….?

As more than 15% of the global government debt market enters negative yield territory we are truly living in extraordinary times. The corollary of those conditions is that the market is in effect pricing in no inflation. Oh really?

February 26th, 2015 by

Debt

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Chinese soccer fans of English Premier L

Looking for inflation? Check out Man Utd….

Through 2014 we wrote regularly about the critical value attached to live broadcast content. Recently we wrote about news content and Twitter and yesterday was sport’s turn to shine…

February 11th, 2015 by

Quality Franchises

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straightjacket

An Apple a day keeps the consultants away….

Apple is a phenomenal company. But for active fund managers its newly attained $700 billion market cap presents a number of difficulties. WealthiFi has a few thoughts on this…

February 11th, 2015 by

Value

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rates rocket

Bonds: The most important chart in the world today…

Lots to read on Greece, oil, corporate earnings and Apple but the critical driver of equities markets remains interest rates. Amid multiple headlines of central bank QE, rate cuts and record low yields you might want to watch this…..

February 11th, 2015 by

Debt

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apple think

Apple creates FedEx overnight…!!!

Wowzers! Apple smashed lots of records last night and investors are using the latest data to assess the “value” they missed in the franchise before the results. Early indications suggest Apple’s market value will rise by $50 billion today….

January 28th, 2015 by

Value

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28 ΚΛΑΣΙΚΟΣ ΜΑΡΑΘΩΝΙΟΣ  ΡΑΙΜΟΝ ΜΠΕΤ RAYMOMD BETT

Banks: Watching a bank run in Greece…..

We have previously written about keeping a firm eye on deposit flows in the Greek banking system. With election results only a few days, the implosion of bank share prices is not encouraging…

January 28th, 2015 by

Financials

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Chriistine Keeler (r) and Mandy Rice-Davies driving away after t

Bond market doesn’t believe Austrian bank management…

It’s deja-vu all over again as Yogi Berra would say….but if you’re a CFO of Austrian bank Raiffeisen International you’d say “Despite ongoing speculation, I want to reassure the market that no capital increase is planned”….

January 27th, 2015 by

Financials

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samurai lessons

Chart of the Day: Some YEN lessons for the euro on QE…

Whoosh, the euro is rapidly heading towards 1.10 against the USD. But where could it ultimately go?  Here’s a few charts….

January 23rd, 2015 by

Technical Trends

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flying party

ECB QEuphoria as 3 huge markets fly…….

Not unlike QE announcements in the US and Japan, the reaction of investors in 3 asset classes has been along predictable lines. Here’s the graphic tale from the coalface…..

January 23rd, 2015 by

Debt

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