Happy New Year
As a trader taking a backwards look at 2012, I can only conclude that it has been a strange kind of year. In the UK, the stock market is already closed for 2012. Anyone who has read some of my previous posts will guess how I am going to summarise 2012 though. A year when much changed and little was achieved. After three years of crisis, Greece and the problems of the Euro are firmly on the back burner as the world watches the USA head ever closer to the so called fiscal cliff. Does that mean the problems of the Eurozone are over? Have they been miraculously fixed? The only judgement call I...
Read MoreAfter the Euro summit
After the Euro Summit How quickly news drops out of the headlines. It was only a week ago that Eurozone leaders met for another in the series of Euro summits to save the Euro. Expectations were low, lower than a snakes belly in fact. Then something miraculous happened, an announcement of progress towards banking union. The markets immediately pushed the value of the Euro higher. Banking union is one of the pillars required to support a currency. One currency, one central bank standing behind it, with the central bank in turn monitoring and regulating the activities of the individual banks in...
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