Exactly the moment, I really wanted to throw the towel … as I was really convinced that there is no more honesty in the U.S. … THERE COMES … John Mack … really not the first I would have thought of … BUT … HE DECLINES TAKING A BONUS!!! Congrats to Morgan Stanley!!! My vote [...]

The ECB shows over the last years, that it is really a special centralbank … following the footsteps of the German Bundesbank, now an affiliate of the ECB. The ECB is now the last “one” standing … the only one on the planet you can trust … what a difference to the BoE or even [...]

China is about to allow Chinese domestic institutions to buy shares (after Hongkong) in London and New York as well … A good move as it will diversify their retirement savings and at the same time makes the Yuan more tradeable and opens up the capital market … only Problem … it is a stream [...]

If you are Goldman Sachs … you just form a new one … you even set a new record for luring money into a newly set up fund … talk is … 10 bln $ will follow the sounds of the (sometimes finacial death bringing) flutes of Goldman Sachs … why that? A new example [...]

May be I should call it a “service-announcement” As I have a life … and my kids and my wife will be at home until January, 6th … my next regular post will be Monday, January 7th 2008 … NExt Friday we face options and futures expiration … this bundled with low volume due to [...]

As X-mas comes closer, it gets more difficult to be interested in the markets … Even more as the main themes are still the same … NO CHANGE … and it seemingly won’t change for some time down the road … Housing, subprime and recession on one side … Asian growth, splendid tech earnings and [...]

After 3 hours … large hours of going nowhere, market went down to come close to the recent lows … at the moment … we recover … despite very strong CPI readings … as a lot of people already call it a day and head for the weekend or even already wish me HAPPY NEW [...]

Situation: U.S. Markets: Markets managed to squeeze out a small gain, but all but convincingly so far … CPI might decide the next bigger move … Honeywell reiterated 2008 outlook and Citibank decided to take action … fired its COO and took their SIV’s on its balance sheet … late, but at least they did [...]