THE TIPSTER October 4, 2011 THE EU must be stoking the ire of the Bank of Japan at this stage. Euro-yen at 11-year lows is begging for intervention from the BOJ. Look to buy on dips to ¥100.60-70. Forex.com is currently quoting ¥101.19-¥101.23. Dollar-yen refuses to break out from between ¥78.00 and ¥76.00 finding the ¥76.00 level a firm support [...]
FOREX ANALYST PICKS October 4, 2011 FOREX STRATEGIST JOHN KICKLIGHTER My pick: Short euro-dollar and short Kiwi dollar-dollar Expertise: Fundamental analysis with risk management Average time frame of trades: 1 day to 1 week Though it took a little time, euro-dollar finally slipped below that substantial $1.3400 floor that represented the 2010-2011 mid-point. A forgiving stop at $1.3650 is warranted and [...]
Michael Lewis dissects Europe’s woes October 4, 2011 “THE Greeks not only have massive debts but are still running big deficits. Trapped by an artificially strong currency, they cannot turn these deficits into surpluses, even if they do everything outsiders want them to do. Their exports, priced in euros, remain expensive. The German government wants the Greeks to slash the size of their [...]
Salomon bond salesman to acclaimed author October 4, 2011 MICHAEL Lewis was born in New Orleans and educated at Princeton University and the London School of Economics. When he was twenty-four he started working at Salomon Brothers. Finding the experience preposterous he stumbled out three years later in 1988. His bestseller, Liar’s Poker is widely considered the book that defined Wall Street in the [...]
Boomerang: The Meltdown Tour October 4, 2011 IN HIS latest tour de force, Michael Lewis looks at “why Icelanders wanted to stop fishing and become investment bankers”, the reasons “Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack,” and “why the Irish wanted to stop being Irish” and [...]
Chrysler’s Ypsilon does premium October 4, 2011 While scrolling through the radio, inside the new Chrysler Ypsilon I’m driving, I find one of the station presets tuned to Radio Italia. It’s an unusual choice and a reminder of this car’s roots. It’s possible you haven’t heard of the Ypsilon. It has never been sold in the UK, and elsewhere it wears a [...]
CAR TALK October 4, 2011 SKODA CITIGO Škoda has unveiled its new small, four-seater Citigo city car. Powered by a 1.0-litre, three-cylinder petrol engine with a choice of two power outputs – 60PS – (62.8mpg, 105g CO2/km) and 77PS (60.1mpg, 108g CO2/km), it comes with three or five doors. Sales begin in the UK next year. LIMITED EDITION MINIS Mini [...]
Stellar Keller: French Laundry gives a taste of US’s very best October 4, 2011 AS someone whose job description includes reviewing restaurants, I admit it: I’m spoiled. Sure, it’s not all perfect foie gras and caviar washed down with Dom Perignon. But over time, you clock up a lot of great food because inevitably, the job includes eating at the very best as well as the not-so-good. I tell [...]
GOING OUT October 4, 2011 AUTUMNAL launches have continued apace and you can now go one better than Patrick Bateman by dining at Dorsia, inspired by its unbookable namesake from Bret Easton Ellis’ American Psycho. Brainchild of ex-Boujis boys Fraser Carruthers and Nick Andreen, this impressive new South Ken members club is spread over three floors of the (ex-Firehouse) Georgian [...]
Deutsche scraps full-year profits target October 4, 2011 Deutsche Bank said its full-year target of 10 billion euros (£8.6bn) before tax is no longer within reach as the European sovereign debt crisis takes its toll on global markets. Germany’s flagship lender will also take impairment charges on Greek sovereign debt of about 250 million euros and cut about 500 jobs, mainly outside its [...]
