US 30-Year Treasury Auction Preview

WHEN Thursday 13 June 2013, results after 13:00 EST 30-YEAR AUCTION COULD BE A NON-EVENT The US will aim to sell up to $13bln of debt by reopening reopen its 30-year bond on Thursday. The auction comes against the background of declining demand seen for the 10-year and 3-year treasury auctions earlier this week.Wednesday’s 10-year…

Stock-Market Crashes Through the Ages – Part II – 19th Century

Stock-market crashes saw the light of day more and more as the world became industrialized. The 19th century saw a rapid increase in their numbers. There’s money to be had at any time, whether the market is going up or down. But, it’s avoiding the downs and pulling out before the things start to go…

Home Repossessions up 11% in the USA in May

Repossessions! Home repossessions in the USA increased by 11% in May. Foreclosure filings (default notices and scheduled auctions as well as repossessions) were also up by 2.3% (148, 054) according to a report just published today by RealtyTrac. A total of 38, 946 homes ended up getting repossessed last month. The number looks like it…

Bonds: Grandfather Paradox

Call it what you will, a paradox, an en enigma, oddity or a mystery. The Grandfather Paradox, that neat conundrum whereby you could travel back to the past, kill your grandfather and then you would never be born, and so never be able to travel back in time to kill him. Impossible right? What has…

Greek Television: Holding Out!

Greek television journalists are holding out still today just less than 24 hours after being told that they are off the air. Condemnation from around the world came as the Hellenic Broadcasting Corp (ERT) was blacked out. Michelle Stanistreet from the British National Union of Journalists stated: “this is a terrible decision. It is a…

High and Tight Flag Pattern

The High and Tight Flag is a specialized Bullish Continuation price pattern. Set up restrictions for the High and Tight means this trade does not happen often but when it presents… it offers a high reward to risk ratio. The pattern is seen as viable with any instrument and using any time frame. As with…