Deposits Are Not Safe Assets

Published by Filipe R. Costa on Tue, 26/03/2013 - 10:30
bank robbery

Daily Market Commentary for March 26: If you hold money at banks you have reasons to be concerned as the European Union just found a new bailout funding source: bank deposits. Deposits held at Laiki Bank in Cyprus will be levied in at least 40%.

Cyprus To Leave Euro?

Published by Filipe R. Costa on Fri, 22/03/2013 - 12:31
cyprus russia

Daily Market Commentary for March 22: What a madness it has been regarding that small warm island? It seems that no one cares about them and the country is in between the EU and Russia, with no one interested with its future.

Plan C: Closing Banks Forever

Published by Filipe R. Costa on Thu, 21/03/2013 - 10:23
Cyprus banks

Daily Market Commentary for March 21: Today is Thursday and banks are still closed in Cyprus. While the Cypriot finance minister is trying to negotiate in Moscow for a plan B, it’s time to think on a plan C, just in case, and that is to consider, closing banks forever in Cyprus.

How Much Money Does Anastasiades Still Hold At Cypriot Banks?

Published by Filipe R. Costa on Wed, 20/03/2013 - 16:45
Cyprus bailout

Daily Market Commentary for March 20: That’s the million dollar question I can’t get rid off in my mind. Over the last few days I have been thinking about it and I wonder how much money does the Cypriot President still hold in his bank account(s).

Do Not Mess With the Russian Mafia

Published by Filipe R. Costa on Tue, 19/03/2013 - 15:09
cyprus

Daily Market Commentary for March 19: It seems European officials want to play a dangerous game not only against its citizens but also against the Russian mafia. The untouchable deposited money held at banks is now to be taxed at 10% in Cyprus as the troika unfolds its first austerity measure in the country.

European Summit Is Underway

Published by City Blaster on Fri, 15/03/2013 - 08:53
Barroso

Daily Market Commentary for March 15: Do you believe in economic recovery in the US? And about the EU? Well, if you’ve answered yes and no, exactly on this order, then we share the same opinion.

Ninth Straight Session And Counting

Published by City Blaster on Thu, 14/03/2013 - 10:54
pope francis

Daily Market Commentary for March 14: For the ninth straight session the Dow closed higher. That’s not only impressive but also the best run since 1996. Positive retail sales data helped the party.

Dow Hedges Higher for the Eighth Session

Published by City Blaster on Wed, 13/03/2013 - 11:06
bull market personal income

Daily Market Commentary for March 13: For the eighth consecutive session the Dow edged higher. In eight sessions the Industrials index accumulated a 2.8% gain, one quarter of YTD gains. Monetary easing is working and everybody should be happy!

Stocks Continue Uptrend Towards Bubble

Published by City Blaster on Tue, 12/03/2013 - 11:45
low mortgage rates 3%

Daily Market Commentary for March 12: Another day, another rise! Nothing stops the Dow. Investors continue to add to the already huge bubble and markets rose without any supporting data. This will end badly most certainly as it did in the past, but not for now.

Stocks Fly High With the NFP Report

Published by City Blaster on Mon, 11/03/2013 - 11:49
money printing

Daily Market Commentary for March 11: What an impeccable start stocks had in 2013! The record is brilliant with the S&P 500 already up 8.8%, pushed by improved economic data, US & Euro government rhetoric, currency wars, and an exponentially growing optimism. All excellent ingredients for a stock bubble.

Pages