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,, 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.


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

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