Posts in European politics and society
In the Mouth of Madness

My last post was a copout, but necessary for me to express where I think things stand without going off on a million tangents. I think that maintaining an ultra-cynical view on markets, and the economy, now is critical. Recent political events have injected a huge amount of emotion, and I dare say anger, into the economic and financial market debate. It’s tempting to jump in both feet first, but investors are ill served by letting their own views and biases steer their decisions. This will sound obvious, but it isn’t always easy to follow.

Sometimes, though, a cynical approach can only come after a cathartic release of your own opinion and views. This post does just that, and I am going to piss off a lot of people. So close your browser if you’re not interested.

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Economics, Business, and Finance , European politics and society, Eurozone watch, Global Economy, Politics and society, US Economy, US politics and societyclaus vistesenDonald Trump, Shannon, immigration, Europe, The U.S., Politics
Trade the "Maybes" at your peril

I am in New York this week to see clients and prospects, which is why I haven't yet had time to say much about Mr. Trump snatching the prize or the crazy market moves that have followed. I don't see much change . The espresso in Murray Hill, served by Chinese immigrations, is exquisite as ever and New Yorkers remain notoriously impatient, and bad, drivers. I do notice a big increase in TV-ads for Range Rover and Jaguar, though, so maybe there is a concrete sign of the alleged rapprochement between the U.S. and the U.K. in the aftermath of Brexit and Mr. Trump's victory. 

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Baltic and CEE Economies, Asia, China, Economics, Business, and Finance , Emerging economies, Eurozone watch, European politics and society, French politics and society, Global Economyclaus vistesenTrump
Equities Finally Get the Memo

After a week's break, and a detour, I am back in the saddle for a busy run-in to Christmas. The main market mover of note, while trawling the museums and bars of Paris, was that global equities finally showed a bit of weakness. The MSCI World slid 1.8% last week, down 4.8% from its peak in August, which means that the index is flat as a pancake year-to-date. A belated reaction to the recent mini tantrum in bond markets, or a knee-jerk reaction to tighter polls across the pond, are probably the lazy strategist's reason for the sell off. But it has been coming regardless. 

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Economics, Business, and Finance , European politics and society, Global Economy, Markets and Trading, UK, US politics and societyclaus vistesenBrexit, equities, put/call ratio, S&P 500, leading indicators