FYI | Nov 25 2011
By Rudi Filapek-Vandyck, Editor FNArena
I joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently. Twitter allows me to follow news and commentary sources such as Dow Jones' Marketwatch, Bloomberg News and the Wall Street Journal. It assists me in keeping up with what is happening across the globe, while I am observing and analysing financial markets myself.
While I am on Twitter, reading a quote here and a news flash there, I offer my own succinct insights and commentary. Those amongst you who have already discovered the virtues of a Twitter account can add my Tweets to their daily news via @filapek.
For those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the week past:
– Interview with profs Case and Shiller, about US housing and yes, the term "double dip" is being mentioned http://bit.ly/sMhOXI
– China GDP growth in Q1 of 2012 may below 8 pct: consulting report http://sns.mx/fKe6y3
– Oz Stockbrokers: Downgrade For IOOF, Upgrade For Programmed, Target down for Fortescue and questions about QBE's outlook for this year
– Shane Oliver, AMP: Mild recession in Europe not a major problem for global economy, Asia & Aust, but risks are rising that it will be deep http://bit.ly/asubXE
– HSBC Flash estimate of China PMI surprises with a negative bombshell: at 48 (contraction) which is at 32 month low
– Risk assets weaken further as newspaper De Standaard (and others) report the deal to bailout Belgo-Franco Dexia is on the verge of collapse
– Major switch: JP Morgan who until weeks ago anticipated no RBA change until 2013 is now forecasting 4x25bp cuts in a row, starting in Dec
– Hedge fund mngr Barton Biggs: markets more bearish than expected, going for test of year-lows, might be heading for levels of 2008-2009
– More from Goldman Sachs: Europe looks a lot like 2008, but with more twists
– Concludes Goldman Sachs: Europe now facing credit crunch of rather large proportions, recession likely more protracted than many realise
– Why Spanish bond yields are on the edge of causing mayhem https://www.fnarena.com/index2.cfm?type=dsp_newsitem&n=C2AF116B-0C84-B9BC-D8DF9BD480D5CB55
– Noteworthy: hedge funds cut bullish commodity bets by the most in seven weeks while focus is returning to a possible US credit rating cut
– Anecdotal evidence and recent surveys show: instos are frustrated, bearish and in Xmas holiday mode. No joy. Low volumes are the new trend
You can add my regular Tweets on Twitter via @filapek
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