Author Archives: squaremilecity

Dancing Fox

A foraging fox in Dulwich south west London, Sunday January 20th 2012. © Harry Dorset, 2011 #uksnow

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Fiscal Cliff vs. Fiscal Bump? Post-Election Views

Two basic cut-out-and-keep-perspectives Taken near Dead Horse Point and Canyonlands National Park, Utah; source http://www.marketplace.org/topics/economy/us-headed-fiscal-cliff  [Creative Commons]     The glass-half-full version: Negotiations succeed in securing a temporary extension of expiring tax provisions and spending cuts. This is the ‘kicking-the-cliff-down-the-road-for-a-few-months’ scenario. In … Continue reading

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The Bankia Signal

Another Friday, another wait for economic news out of Spain. The results of the second part of an audit of Spain’s banks  – started in May and with particular reference to their funding needs – is likely to be released … Continue reading

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Fed Decision – A Minority Report

The analogy sort of fits; and what put me in mind of it was the news this week that the FBI has commenced a project to create a hi-tech facial recognition database. We of course, are concerned about a different … Continue reading

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ECB Floats Yield Target Idea; U-Boats Launched

Late this morning the markets seem to have sobered up a bit following earlier barely fettered optimism about a Der Spiegel article over the weekend. It said: “The European Central Bank is considering setting limits on yields of euro area sovereign … Continue reading

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ECB Bullets To Shoot Down High Hopes [Sorry]

The views below are based on my soundings, readings and common sense. Responsibility my own: ESM banking licence: crisis would need to deteriorate significantly (threaten the core) before such a politically contentious and legally complex policy change is considered. Bear … Continue reading

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What Will The Fed Do? – Predictions from The Mile [and beyond]

There’s half an hour to go before the FOMC policy announcement, which will be followed by ‘The Ben Bernanke Show’ from 1815 GMT. You can Watch the Federal Reserve press conference with chairman Bernanke here:  http://www.ustream.tv/embed/4944768 Live video for mobile … Continue reading

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Negative Benchmark Omens – How Imminent is the Doom For Yields?

Discussion of whether [or when] there is likely to be a collapse in ‘core’ government debt prices appears to be increasing. One example Specifically in Europe, the question of when Bunds in general [and perhaps the Euro Bund Future contract … Continue reading

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The Cherubs at Ludgate

We continue our Square Mile Photo series of specially commissioned photographs by Harry Dorset. Photograph of a sculpture depicting two cherubs at Ludgate Circus, near Fleet Street, London EC4. © Harry Dorset, 2011   This one shows one of the dozens of … Continue reading

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Spain: the Pain the Bailout Forgot

EU leaders hailed it. Merkel & Co. gave their blessing to it. UK leaders nodded in mild approval to it. The IMF applauded it [from the sidelines.] And markets, of course, ‘sold’ it. It’s not that frequent for the political … Continue reading

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