Well, I never guaranteed it but we did come here and tell you there would no “Lehman” type meltdown for Europe in 2011. With four trading days to go and no politicians in sight right now that looks like a pretty good bet. So what about 2012? It’s a long year and I don’t have the same confidence but here’s what we all need to understand about ‘Lehman moments.’
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Monday, December 26, 2011
LONDON: Brazil has overtaken Britain to become the world's sixth-largest economy, economists have said. Latest figures from the Centre for Economic and Business Research's annual world economic league table, showed that the UK is now the seventh richest country in the world, and has fallen behind a South American nation for the first time.
Dec. 27 (Bloomberg) -- Hedge funds reduced bets on higher commodity prices to the lowest level since 2009 just as raw materials headed for their biggest weekly rally in two months.
To most Americans, the term "quantitative easing" is arcane economic jargon, introduced following the global financial crisis and, like most U.S. policies intended to spur recovery, yet to make much progress in reducing unemployment.
Shorting the euro is more popular among hedge than ever, according to Societe Generale's Hedge Fund Watch. Short positions on the euro, which is around $1.30, passed the previous peak in June 2010, when it was trading at $1.19.
Commodities face a test of faith in 2012. The tenets that have underpinned the asset class in recent years, strong growth in emerging countries allied to steady demand in the developed world, are under pressure from the euro-zone crisis and signs of a slowdown in China.
Yen Intervention Failing as Best Currency Poised to Strengthen - Businessweek
Dec. 27 (Bloomberg) -- There’s been no better currency in 2011 than the yen and strategists forecast more gains, even as Japan promises to intervene again in foreign-exchange markets and expands the world’s biggest debt burden.
Currency rollercoaster still rolling | Stuff.co.nz
At this time of year it's natural to run a rule over the books, and after hearing the New Zealand dollar being name-dropped by politicians, exporters and technocrats repeatedly over the last 12 months, it may surprise to find that the kiwi is only 2.7 per cent down on where it started the year.
Forgettable year for commodities | mydigitalfc.com
The debt crisis in the euro zone, political uncertainties and tensions in West Asia and North Africa, the credit downgrade for the US and strengthening of the dollar haunted the commodity market all through the year.
MF Global sows winter of discontent for CME | Reuters
(Reuters) - Agricultural bankers and other players in the world's grain markets say fallout from the collapse of giant broker MF Global is changing cash grain trading and fueling calls for alternatives and reforms.
When Werner Rueegg managed wealth for clients of Credit Suisse Group AG, Oswald Gruebel, who became chief executive officer at the Zurich-based bank, promised to make him rich.
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