Investment Markets Overview – w/e 24 May 2013

The gulf between European and US policymakers widened recently as the former appears hell-bent on driving business away from the region whilst the latter has gone into overdrive to encourage business. Risk takers in America are enjoying bumper financial returns, including performance-related bonuses, whereas their European equivalents are seeing their existing and potential business undermined, by way of the ever increasing regulation costs and the ill thought-out financial transaction tax. Adding to the misery is the equally ill-conceived moves to control executive pay, including the bankers’ bonus cap which is now set to include anyone who earns more than $500,000 pa with, apparently, some executives at the European Banking Authority pushing for the threshold to be as low as $250,000 in total annual pay. Meanwhile, a report by the German website, Preisvergleich.de, states that EU parliamentarians, better known as MEPs, are now raking in about $275,000 pa or about 20 times the average EU wage of the people they represent. Furthermore, MEPs’ vote on their own salaries, so no corporate governance here, and the combined $210m pa wage bill doesn’t include the $325,000 office allowance available to each of the 766 MEPs. You can do the additional maths.

130524_1_chart

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  . . .

  • Returning to the subject of ill thought out policies , . . .
          

  • Charts:-
    1. Indices Weekly
    2. FHFA US House Price Index
    3. Rightmove Av’ge Asking Price % Change vs Halifax Av’ge House Price % Change
    4. Japanese Exports Y on Y vs Yen Spot
    5. $Silver

 

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

 

                                   “Any fool can make a rule, it’s the aftermath that counts

 

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

which includes full text and detailed Charts for each section

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: