Mario Draghi, unfortunately the President of the ECB, tried to get Germany on his side as he visited the Bundestag, the German parliament. Germany, viewed as the Eurozone’s paymaster, is not exactly happy about Super Mario’s unlimited bond buying idiocy he vowed in order to what he thinks save the Eurozone debt contagion. Germany’s deputy finance minister Kampeter said in an interview that the primary concern for Germans is inflation. It is sad that someone like Kampeter is employed in the finance ministry as he clearly no...
It is not a big secret that roughly 70% of our planet is covered in water. The problem is that only an estimated 2.5% is freshwater and what makes it worse is that we only have an availability of 0.006%. This ladies and gentlemen brings us to one of many challenges of the 21st century. We just do not have enough global freshwater supplies to maintain our ever growing global population and support global economic expansion. Urbanization adds to the issues and the biggest culprit of freshwater use as well as abuse is the agricultural sector...
Hedge funds have had a tough year as the majority of smart money is poised for the correction next year and sat out the 14% rally of the S&P 500. The average hedge fund only managed a 6% return while the average large cap mutual fund returned 13%. Mutual funds are managed by unprofessional professionals and over the past decades got used to the fact that they are late to every party. This year they have reason to celebrate the fact that their best managers were able to outperform the average hedge fund manager. 13% of hedge funds have...
Senate Majority Leader Reid, a Nevada socialist, announced yesterday that talks have broken down in order to reach an agreement that would prevent the U.S. from bungee jumping off the fiscal cliff without a cord. Those who prefer a technical analysis terminology may understand the following description better. Fiscal cliff talks have formed a rising wedge formation and now trade at the top of the formation. MACD shows a negative divergence while RSI is trading in extreme overbought territory and alos formed a negative divergence. Volume on...
Italian Prime Minister Mario Monti and Spanish Prime Minister Mariano Rajoy are meeting in Madrid in order to discuss how to proceed with the looming bailouts of their countries. Super Mario, President of the ECB, was very proud to announce his bond buying bonanza nobody really wants or asks for it as it is tied to severe austerity measures and the countries first need to beg the ESM and subscribe to their conditions before Super Mario is allowed to take Browsers Castle. Monti as well as Rajoy have both rejected new austerity measures as...
