Applause for Deutsche Bank *clap clap clap*
Who thought, that there still was one BIG bank out there which you could trust?
They said … NO further write downs on subprime … and YES, they don’t have more of them.
They say, reason is their good risk management … MOST of their competitors had NONE!
They REAFFIRM their […]

After reflecting this weekend over the current global situation and zapping through the long term charts, I think, the days of the carry trade are numbered.
Some long term trends are about to reverse soon, helped by a sentiment which calls contrarians to act.
Everybody is bearish on the US Dollar, everybody is bullish on the Euro. […]

Saudi Arabia, long time the most quiet and most conservative investor starts to move
State bank official was quoted yesterday, that they have to get rid of the Dollar PEG and to invest money through a SWF.
It is said, that it will the biggest SWF on the planet, even dwarfing ABU Dhabi’s 870bln$ in […]

As the fashion of today is setting up SWFs (sovereign wealth funds) … to save the world … or better … to convert earned dollars into knowledge and influence …
HERE COMES SAUDI ARABIA …
Seemingly trying not to be too far behind its neighbors … Saudi Arabia will set up the BIGGEST SWF, I just […]