I have a bad habit of regularly studying a wide variety of boring documents ranging from central bank reports to obscure economic indicators. Lately, it has been difficult to find anything positive about Europe. Since media is full of negative information about Europe, there is no point in regurgitating the
It appears that a big European bank got close to failure last night. European banks, especially French banks, rely heavily on funding in the wholesale money markets. It appears that a major bank was having difficulty funding its immediate liquidity needs. The cavalry was called in and has
It turns out that Mario Draghi is Super Mario. Mario Draghi is an ex-central bank governor of Italy who just took over from Jean-Claude Trichet the presidency of the European Central Bank (ECB). In a surprise bold move, Draghi announced that the ECB is lowering its main rate from 1.5%
The premise behind the ZYX Change Method is to build positions before the change is widely recognized. The diagram illustrates the point. Our macro positive call on United Kingdom is based on the changes in the United Kingdom entering the second stage . Now is the time to build positions