Posts from Friday Oct 25 2013

Draghi on the edge of deflation

The Credit Suisse European economics team are growing concerned about Mario Draghi’s disinflation problem:

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The chart that explains the world

This post by FT commentator John McDermott is stolen cross-published from Off Message, John’s policy and culture blog, which you should be reading. — The management

In a new paper, Branko Milanovic depicts the recent history of global incomes: Read more

Always read right through, company press release lesson du jour

PRETIUM RESOURCES INC.: FIRST BULK SAMPLE CROSS-CUT PROCESSING RESULTS

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 22, 2013) – Pretium Resources Inc. (TSX:PVG)(NYSE:PVG) (“Pretivm”) is pleased to report the initial processing results for the material excavated from the Valley of the Kings Bulk Sample Program (the “Program”) and provide further details on the status of the Program…

We missed this initially, and we suspect many people did as well. But we’ll highlight a couple of lines below — just to emphasise the importance of always reading company statements very carefully…

(Warning – there’s a lot below the fold) Read more

Sugar as the new tobacco?

This is a long-term chart of white sugar prices:

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Markets Live: Friday, 25th October, 2013

Live markets commentary from FT.com 

The (early) Lunch Wrap

UK economy grows by 0.8% in third quarter || Carney tears up the rule book on bank help || Japanese inflation nears 5-year high || China rejects Bo Xilai appeal || China will introduce a new benchmark lending rate || Twitter says IPO may value it at $11.1bn || Amazon payed for keeping up sales momentum || Electric car manufacturer Tesla has a higher market capitalisation than it “deserves” || Markets Read more

This is your euro on AQR

Consider this from Morgan Stanley’s FX team:

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Further reading

Elsewhere on Friday,

- A game of shark and minnow.

- Monte dei Paschi: how did a bank modeled it on the pawnshops Franciscan monks had set up to counter usury come to this?

- Hyperglobalisation and metropolitan gravity. Read more

The 6am London Cut

Markets: Asian bourses failed to extend the momentum seen in the US, as concerns of a liquidity squeeze in China continued to weigh on markets. (Financial TimesRead more