Investment Markets Overview – w/e 10 May 2013

If anyone had doubts about the chronic waste of tax-payers money which goes on at the European Union, we would urge you to scroll through one of the myriad of ECB “working papers,” which in this case is No 1543 at May 2013, entitled,”Financial imbalances and household welfare Empirical evidence from the EU,” compiled by one “Livio Stracca,” a Senior Adviser in the Directorate General International and European Relations of the European Central Bank. Aside of immediately including a bold notation which states,” This Working Paper should not be reported as representing the views of the European Central Bank (ECB). The views expressed are those of the authors and do not necessarily reflect those of the ECB,” itself a farce considering the author is a paid employee of the ECB, the subject matter, content and conclusions, in our opinion, are nonsensical. Furthermore, the following extract from the author’s conclusion also appears under a section entitled “non-technical summary,” can you believe?



Subscribe to the Full Investment Markets Overview Newsletter which contains the following additional commentaries:-

  • US economic data . . .

  • Euro-Zone   . . .

  • The UK . . .

  • Out East   . . .

  • The $US index  . . .

  • Within the commodities complex  . . .

  • Economic data due next week includes  . . .

  • We couldn’t resist a further comment on those ECB’s working papers, . . .

  • Charts:-
    1. Indices Weekly
    2. The Bloomberg Consumer Comfort Index vs The US Federal Debt Ceiling
    3. UK Exports to EU and EU Imports from non-EU countries
    4. Shanghai Composite
    5. China’s New Yuan-Denomiated Lending
    6. China Gold imports from Hong Kong (volume)

Table of 15 Indices, 11 columns of detailed information, for accurate analysis

            “Surely, Austerity Should also Apply to Policymakers

Click  HERE to view Details of the full version of this Newsletter

which includes full text and detailed Charts for each section


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