Monthly Archives: October 2012

The calm after the storm? Not for long

While markets are attempting to get back to full capacity after the worst of hurricane Sandy has been seen off, the markets are revving up their engines refreshed after two days of relative inaction. This morning saw a raft of not so … Continue reading

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What’s Spanish for NAMA? – SAREB apparently…

Spain announced yesterday that their “bad bank” will buy the billions of euro’s worth of toxic loans and property assets from their domestic lenders in a similar move as to what Ireland did a few years back in creating NAMA. … Continue reading

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It gets worse before it gets better

Spanish retail sales plunge to new lows this morning. Hardly surprising that retail sales are poor in Spain currently but it looks like a pretty dramatic fall off a cliff. Last month retail sales in Spain showed a 2% contraction. … Continue reading

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Stormy weather

The parallels between this US election and the last are a bit creepy, while preceding the last election there was a perfect storm of the financial industry teetering on the edge of collapse and threatening to bring the rest of the world … Continue reading

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Irish retails sales gain +.9% MOM from the previous months + .4% #COYBIG

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“Quick, Look over there”

“Not my fault Guv’ its the fiscal cliff” So previous readers may have heeded my warnings that soon you will be inundated with talk of the “fiscal cliff” and the papers are alight with talk over it. It has become a contentious … Continue reading

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UK GDP surprises to the upside

Quick one here, but UK GDP printed a 1% gain on the quarter versus expectations of .6% growth. A positive surprise which was rumoured to be the case yesterday but still came in higher. I’m not trying to pour cold … Continue reading

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