Elite Forex Blog - Market analysis & intelligence, see more at globalintelhub.com

Thursday, September 1, 2011

Roubini - we're heading into recession and running out of policy tools

Tuesday, August 30, 2011

Social Engineering in the 20th Century

Monday, August 29, 2011

Euro bail-out in doubt as 'hysteria' sweeps Germany

http://www.telegraph.co.uk/finance/financialcrisis/8728628/Euro-bail-out-in-doubt-as-hysteria-sweeps-Germany.html

Mrs Merkel has cancelled a high-profile trip to Russia on September 7, the crucial day when the package goes to the Bundestag and the country's constitutional court rules on the legality of the EU's bail-out machinery.

If the court rules that the €440bn rescue fund (EFSF) breaches Treaty law or undermines German fiscal sovereignty, it risks setting off an instant brushfire across monetary union.

The seething discontent in Germany over Europe's debt crisis has spread to all the key institutions of the state. "Hysteria is sweeping Germany " said Klaus Regling, the EFSF's director.

German media reported that the latest tally of votes in the Bundestag shows that 23 members from Mrs Merkel's own coalition plan to vote against the package, including twelve of the 44 members of Bavaria's Social Christians (CSU). This may force the Chancellor to rely on opposition votes, risking a government collapse.

Wednesday, August 24, 2011

Heaven and Hell

Heaven is where the police are British,
the chefs Italian,
the mechanics German,
the lovers French,
and it's all organized by the Swiss.

Hell is where the police are German,
the chefs are British,
the mechanics French,
the lovers Swiss,
and it is all organized by the Italians.

Tuesday, August 23, 2011

Chavez to move 12 Billion in Gold to Venezuela

MELISSA BLOCK, host: With gold trading at record prices, here's a new challenge for what's called the bullion logistics industry. That is, the people who move gold around. The challenge is how to send and insure a really big shipment.

Venezuela's president Hugo Chavez has announced that he wants all of the country's holdings in gold to be physically transferred to his country. That's more than $12 billion worth of gold. And the prospects for shipping it fill our heads with all kinds of James Bond-ish ideas.

Well, Jack Farchy wrote about this for the Financial Times. And, Jack, we're talking about 211 tons of Venezuelan gold. Where is it exactly?

http://www.npr.org/2011/08/22/139859316/chavez-wants-gold-holdings-transferred-to-venezuela

Friday, August 19, 2011

ZEITGEIST: MOVING FORWARD | OFFICIAL RELEASE | 2011

Thursday, August 18, 2011

Khan Academy - Salman Khan

DOW down 400

http://www.cnbc.com/id/44188136

Stocks closed off their worst levels Thursday, but were still down sharply, following a handful of disappointing economic news and over continuing worries over the stability of euro zone banks.

For the week, the Dow is lower by over 2 percent, while the S&P and Nasdaq are down by more than 3 and 5 percent, respectively.

Tuesday, August 16, 2011

The advantages of Pessimism

Incompatibility between our big aspirations and the reality of life is bound to disappoint unless we learn to be a bit more gloomy, says Alain de Botton.

Today I want to advance the unusual idea that we'd be a great deal more cheerful if we learnt to be a little more pessimistic.
And, from a completely secular point of view, I'd like to suggest that in the passages before they go on to promise us salvation, religions are rather good at being pessimistic. For example, Christianity has spent much of its history emphasising the darker side of earthly existence.
Yet even within this sombre tradition, the French philosopher Blaise Pascal stands out for the exceptionally merciless nature of his pessimism. In his book the Pensees, Pascal misses no opportunities to confront his readers with evidence of mankind's resolutely deviant, pitiful and unworthy nature.

http://www.bbc.co.uk/news/magazine-14506129

A pessimistic world view does not have to entail a life stripped of joy. Pessimists can have a far greater capacity for appreciation than their opposite numbers, for they never expect things to turn out well and so may be amazed by the modest successes which occasionally break out across their darkened horizons.

Monday, August 15, 2011

EES Project Management

EES Custom Programming & Strategy Analysis

EES FX Offers custom programming of your trading system or custom indicator.

This is a service, such as any other service, we quote based on the project request and charge by the hour, depending on the type of work involved, anywhere from $25 - $150/hr. The average Expert Advisor costs between $800 - $2500 to develop. There are no refunds on services.

Custom programming service can include for an additional fee:

Optimization of parameters
Validation and certification at preferred broker
Logical testing and analysis
Money Management analysis

Any information disclosed about your trading methods will be kept confidential, an NDA can be signed if requested (although in FX it would be difficult if not impossible to enforce).

Click here to submit a request for custom programming

http://eesfx.com/portal/general-support/custom-programming

Saturday, August 13, 2011

United we Fall - Nafta & Banking

Who is Herb Grubel

http://en.wikipedia.org/wiki/Herb_Grubel

Herbert G. (Herb) Grubel (born February 26, 1934 in Frankfurt, Germany) is a former Canadian politician. He represented the electoral district of Capilano—Howe Sound in the Canadian House of Commons from 1993 to 1997.

As a member of the Reform Party, Grubel defeated former federal cabinet minister Mary Collins in the 1993 election. He served as the party's finance critic from 1995 to 1997, and was controversial for his outspoken support of Canada moving toward a flat tax system.

Grubel did not run in the 1997 election. As of 2011 he is professor emeritus of economics at Simon Fraser University and senior fellow of the Fraser Institute. He has also worked at the economic faculties of Yale, Stanford, the University of Chicago and the University of Pennsylvania.

Grubel has published 27 books and more than 130 professional articles in economics, dealing with international trade and finance and a wide range of economic policy issues. One of his most important contributions to international economics is the Grubel–Lloyd index, which measures intra-industry trade of a particular product. While at the Fraser Institute Herbert published a paper titled: "The Case for the Amero: The Economics and Politics of a North American Monetary Union"[1], in which he proposed that Canada and the USA adopt a shared currency called the 'amero'.

Monday, August 8, 2011

Investor makes nearly 1000% on 850 Million on US Downgrade in 1 day

A mystery investor or hedge fund reportedly made a bet of almost $1billion at odds of 10/1 last month that the U.S. would lose its AAA credit rating.

Now questions are being asked of whether the trader had inside information before placing the $850million bet in the futures market.

There were mounting rumours that investor George Soros, 80, famously known as ‘the man who broke the Bank of England’, could be involved.