Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Since China’s stock markets slid by about 30% from their peak in mid-June, the government and financial firms have rushed to come up with measures to turn things around. Their efforts appeared to work today (July 6), with the key Shanghai Composite Index closing up 2.4%. Here’s a complete list of the stimulus attempts that…
On Sunday, Greek citizens took to the polls in a controversial referendum asking them whether they support a plan calling for continued economic austerity in exchange for debt relief. Their answer—with more than 70 percent of the votes counted—was a resounding “no.” The outcome means that next steps for the nation, which has fallen into…
Submitted by Lance Roberts via STA Wealth Management, In yesterday’s discussion on the technical underpinnings of the market, I pondered the question of whether Greece was really the primary issue of concern for investors. “Whether, or not, a Greek exit from the Eurozone or a potential debt default is “the thing” that sparks the next…
ZURICH/LONDON Unusual public confirmation that the Swiss National Bank intervened to weaken the franc escalated its battle to rein in a currency whose strength amid Greece’s debt crisis is hamstringing an export-reliant economy.”We have always said that we are active in the foreign exchange market if necessary,” SNB Chairman Thomas Jordan said at a financial…
Greece… mattered!! The market be like… * * * It began as FX markets opened ugly in early Asian trading, but once stock markets started to open, the focus shifted there… Japan spanked… Nikkei 225 down 730 points from Friday’s close… China collapsed… When Europe opened it was ugly in stocks… …
Updated June 28, 2015 7:30 p.m. ET ATHENS—On the Acropolis hill, hundreds of tourists braved the Greek sun on Sunday as they walked toward the Parthenon temple, pausing in awe at the ancient marble ruin, many of them oblivious to the different kind of ruin threatening modern Greece. But Greece’s unexpected call for a July…
Chinese stocks tumbled, sending the benchmark index into a bear market, as signs of an exodus by leveraged investors overshadowed the central bank’s effort to revive confidence with an interest-rate cut. The Shanghai Composite Index dropped 3.3 percent to 4,053.03 at the close, taking declines from its June 12 peak to more than 20 percent….
Following a week in which the Chinese stock bubble popped and a weekend in which the Eurozone bubble followed, it was all up to central banks to stabilize the devstation that would follow should the Plunge Protection Team, now global, not show up. And while US equities futures were looking grim overnight, China at least…
The yen gained against the euro in Asia Monday after emergency Greek debt talks fell apart over the weekend, enhancing the Japanese currency’s allure among risk-averse investors. The euro took a tumble after Greek Prime Minister Alexis Tsipras made a call to hold a referendum on July 5 on country’s debt conditions, followed by news…
[Rendering via VisualHouse.] There are a lot of really, really expensive apartments poised to enter the market in the next few years (we’re lookin’ at you, 220 Central Park South and Nordstrom Tower) that will join the ranks of the city’s already-inundated luxury market. A few questions have been floating around for a while: when’s…