US Non-Farm Payrolls Preview

TIME AND DATE US Non-Farm Payrolls: 13:30 BST, Friday 5 July 2013 MAY PAYROLLS BEAT EXPECTATIONS, BUT UNEMPLOYMENT HIGHER US non-farm payrolls rose 175,000 in May, beating expectations of 163,000. The unemployment rate edged higher to 7.6%, from 7.5% in April. The payroll data was initially taken as a positive sign that growth in the…

The Men That Broke Banks - Rogue Traders

An unprincipled, deceitful, unreliable scoundrel. A vicious and solitary animal. An organism that shows a variation from the standard. What are we talking about? Rogue Traders! Does the cap fit? Some people ask why rogue traders still exist. But, that seems as if it’s an easy one to answer. Fool-proof risk management doesn’t exist and…

European Central Bank Policy Meeting Preview

WHEN Thursday 4 July 2013, 12.45 BST: Rate decision Thursday 4 July 2013, 13:30 BST: Post-meeting press conference with ECB president Mario Draghi ECB LOOKS SET TO STAY ON HOLD Markets expect the European Central Bank (ECB) to hold its refinance rate at 0.5% and its deposit rate at 0% at its July monetary policy…

BOE July Monetary Policy Meeting Preview

WHEN Thursday 4 July 2013, 12.00 BST CARNEY'S FIRST MEETING TO BE AN ANTI-CLIMAX The odds are that new Bank of England governor Mark Carney’s first MPC meeting is going to be an anti-climax, and the consensus expectation is rates will be on hold at 0.50%, and asset purchases will be held at £375bn.The key…

Biggest Stock Market Scams in History - Part II

When Charles Ponzi was around, it took just a tad longer to rake in the cash and commit financial fraud, escaping with the proceeds to better climates. Today, the internet and the power of the virtual world have made the transfer of funds so much quicker. In a wink of an eye, or even less,…

Hiring Women in Business

Current Federal-Reserve Vice Chairman Janet Yellen is said to be the next pretender to the Federal-Reserve throne after Ben Bernanke jumps into his helicopter and takes a short ride somewhere to some secluded spot in January 2014 (doubtful, however, whether he will throw the cash out this time at all to the poor people that…