Posts from Friday Dec 7 2012

Capping the gold price

The following chart, we propose, has the potential to inspire a whole new way of looking at the gold and Treasury market:

 Read more

Greece joins cool circle

You’re just not cool these days if you aren’t operating some sort of circular mechanism to reduce your debt levels in the eyes of the outside world. And it appears that Greece, sick of being bullied by the circular crew, is looking to get in on the act.

We’re talking about the Greek debt buyback, which should be completed on Friday if deadline talk is to be believed. Read more

November payrolls: +146k

Much better than expected (85k), but with downward revisions to September and October.

The jobless rate, now at 7.7 per cent, remains around a four-year low. Read more

Face the book

If one’s relationship with Facebook required a status, it would probably be “complicated” for most. Like with Netflix and its chief executive Reed Hastings, who could face a civil action over a status update that allegedly violated disclosure rules. Oh, and also for this girl… Read more

Markets Live: Friday, 7th December, 2012

Live markets commentary from 

The (early) Lunch Wrap

Strong earthquake shakes northeast coast of Japan || German regulator knew about Deutsche Bank’s leveraged super senior positions || Netflix could face civil action over Facebook update || Bundesbank cuts growth forecasts || Apple brings a bit of Mac home || Charity up as fiscal cliff threatens tax break || Peace urged in Apple v Samsung || Facebook in talks over ads tech Read more

Low yielding assets, and sausages

Plenty of analysts and pundits have gone to the trouble of explaining the challenge confronting savers in the current low-yield environment…

But how many of them go to the trouble of putting on a barbecue to illustrate various credit strategies one may respond with? Read more

Further reading

Elsewhere on Friday,

– The next productivity revolution: the industrial internet.

– The fiscal cliff is NOT ok to go over. Like, NO.

– The Sandy excuse for poor performance. Read more

The 6am Cut London

Asian shares rose to an eight-month high on a bigger than expected fall in weekly US jobless claims. The MSCI Asia Pacific was 0.1% higher; the Hang Seng and Shanghai Composite were both 0.3% higher. (Financial Times)

BaFin was briefed on Deutsche Bank: German regulator “routinely sat in on audit committee meetings during the 2008-09 period”, which could cause tensions with the SEC which has for two years been investigating allegations about the bank’s valuations of of some of its derivatives during that period. (Financial TimesRead more