On Wednesday, the Office for National Statistics (ONS) revealed that the UK economy contracted by 0.2 percent for the final quarter of 2011....
Recession Fears Could Delay UK Deficit Reduction Plans
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August performance review for Danica-9am algorithmic system
During the month of August, the eighth month of live performance, the system continued on the auto-pilot without parameter changes. This document consists of a summary section reporting the figures of merit for the forecasting quality, followed by 14 subsections, dedicated to the individual...
Do you know who is managing your money?
As investors look for guidance in these troubled markets, one question can’t be avoided: Whom can you trust? During boom times, it was easy to hire a financial adviser and jump in the market. Now the market is in chaos and thousands of investors have been devastated by fraud, with Madoff...
Not happy, Rio!
This article from the English version of the Xinhua newspaper shows just how upset the Chinese are at Rio pulling out of it’s agreed deal. Trust, once lost, is very difficult to regain and there may be wider repercussions for the Australian mining...
Dollar Gains on Unexpected Employment Data
EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965. Nonfarm payrolls decreased by 345k...
A snarky take on today’s GDP report
For all you non-believers in the strength of the US recovery, this post’s for you. The recession is over only because Washington decided it should be. With billions in fresh government spending, it was only a matter of time before GDP posted some growth. It’s too bad all that government...