IIFT Daily Note with Peter Brown

Archive for June, 2015


David’s Daily Note – The eye of the storm

Posted by:  |  Time: 9:38 am  |  Topic:
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Daily Note – The eye of the storm

Hurricane_Isabel_from_ISSSummary

  • Greek views as the dust settles
  • Eurozone: There’s more than just Greece!
  • United States: Housing remains strong

 

Good morning,

The Greek situation remains fluid, but we now have a clearer idea of what to focus on over Continue Reading →

More big moves expected.

Posted by:  |  Time: 7:35 am  |  Topic:  |  Comments: 3
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Commentary:

Well what a day, the DAX opened down 700 points and then put in an impressive rally. Just when we thought the market had settled down we had a US led sell-off late on. Yesterday was a strange day, the product I thought would be volatile e.g. gold was Continue Reading →

David’s Daily Note

Posted by:  |  Time: 3:37 pm  |  Topic:
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Daily Note – Greece today and nothing else

atm-greeceSummary

  • Hybrid Havana Capitalism!
  • Just Greece!
  • Eurozone: Two sides to every coin

 

Good morning from Havana,

This is a wild and wonderful city, but if there is a living example of just how irrepressible the Continue Reading →

Greek tragedy.

Posted by:  |  Time: 7:39 am  |  Topic:  |  Comments: 2
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Commentary:

This is set to be one hell of a day in the markets. They don’t come around too often but this is going to be wild. Greece pulled a stroke with this referendum on Sunday and the question is whether it will back-fire. The vote is a tough call Continue Reading →

David’s Daily Note

Posted by:  |  Time: 12:26 pm  |  Topic:
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Daily Note – Where’s the European Mandela?

nelson-mandela-400Summary

  • Update from the Rainbow Nation!
  • Eurozone: Greece in the balance
  • United States: Economy in focus

Good morning from Jo’burg,

South Africa although clearly with problems, is a brilliant example of good philosophical leadership. Things are going Continue Reading →

No white smoke.

Posted by:  |  Time: 7:32 am  |  Topic:
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Commentary:

Will this ever get done? However it does show the stupidity of the whole process, trying to agree a deal of orderly repayments from a country that is totally bust. This has to end in a default, either inside the Eurozone or outside via a Grexit, the question is Continue Reading →

Still Greece amazingly.

Posted by:  |  Time: 7:27 am  |  Topic:
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Commentary:

Well we are still trying to put the final touches to a Greek deal. Could it fall apart? I guess there is a chance. If that happens the market will go into a tail spin and you can expect to see the DAX below 11,000. But the odds are Continue Reading →

David’s Daily Note

Posted by:  |  Time: 10:35 am  |  Topic:
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Daily Note – Beatings continue, improving morale?

Annex - Laughton, Charles (Mutiny on the Bounty)_02Summary

  • Greece & Europe: Euro wobbling
  • Eurozone: QE still the major force
  • Eurozone: France making stuff at last?
  • United States: Yanks buying houses again!

Good morning,

I am heading to South Africa in the morning so no Continue Reading →

Markets have calmed down

Posted by:  |  Time: 6:42 am  |  Topic:
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Commentary:

Well the markets have decided we have a deal. A bit premature but I suspect they are right. A collapse in talks at this stage would be a meltdown moment for the markets. Yesterday was a very calm session and I think a guide to conditions we can expect Continue Reading →

David’s Daily Note – Three Continents

Posted by:  |  Time: 10:59 am  |  Topic:
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Daily Note – Three Continents

stock-footage-china-usa-eu-trade-with-container-ships-animationSummary

  • Europe: Greece now in the lap of the ECB
  • Europe: Watch the growth possibilities
  • China: Wobbling markets, rising activity?
  • United States: Yanks buying houses

Good morning,

While equities rallied yesterday, we had another day of choppy price moves as we bounced Continue Reading →

Almost done, time to move on.

Posted by:  |  Time: 7:43 am  |  Topic:
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Commentary:

It looks like we are going to do a deal for Greece. No surprise there, as I said yesterday it is in no one’s interest for this to melt down into a Grexit. There are two issues here, firstly a deal will kick the Greece story six months into Continue Reading →

David’s Daily Note – Trojan Horses?

Posted by:  |  Time: 12:26 pm  |  Topic:
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Daily Note – Trojan Horses?

Greece is the wordSummary

  • Greece is the word
  • Eurozone: Wither Bunds?
  • The Week Ahead: Lots of data!

Good morning,

It’s the make-or-break moment in Greek negotiations as leaders prepare to meet in Brussels. Here’s my takeon the politics of it all.

The volume was Continue Reading →

Big, big day for Greece.

Posted by:  |  Time: 7:06 am  |  Topic:
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Commentary:

This is all about Greece. As they arrive at the Euro Group meeting with their latest proposal everybody must be hoping that this can get resolved today. When I say resolved I mean kicked down the road six months. Initially there is a pre-meeting so we may get info Continue Reading →

David’s Daily Note

Posted by:  |  Time: 12:37 pm  |  Topic:
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Daily Note – Greece will still be Greece, but the EU?

images (1)Summary

  • Europe: Who’s the chicken?
  • United States: Low inflation and lots of growth!
  • United Kingdom: Motoring.

Good morning,

Ramadan Mubarak to all of our Muslim readers! As the entire Islamic world begins their Continue Reading →

A stable day before the mayhem?

Posted by:  |  Time: 7:40 am  |  Topic:
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Commentary:

More and more Greece, are we getting a deal or are we heading for a Grexit? I cannot answer that but I am still in the deal at the last minute camp. We may get that on Monday at the leader’s emergency summit. The market is very calm, indices Continue Reading →

David’s Daily Note

Posted by:  |  Time: 11:55 am  |  Topic:
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Daily Note – Has the ECB got any balls?

imagesSummary

  • Grexit more likely
  • Has the ECB got the balls?
  • Capital controls on the way
  • United States: All Good!
  • United Kingdom: Brits getting paid a bit more, finally!

Good morning,

If the Greeks leave the Continue Reading →

Janet is a dove.

Posted by:  |  Time: 7:52 am  |  Topic:
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Commentary:

Well Janet is a dove and she certainly knocked the stuffing out of the dollar last night. Maybe  a rate rise in 2016? If we had not got the Greek situation indices would be hitting all-time highs. So US data is not strong enough to start the tightening cycle, Continue Reading →

David’s Daily Note – Sad Day

Posted by:  |  Time: 9:56 am  |  Topic:
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Daily Note – Sad Day

PCI-90224758-halfmast-390x285SummaryLife’s adventure cut short

Thoughts on the US economy and the Fed

 

 

Good morning,

Today we are all a bit numb in this part of Dublin following the horrible news that six young people from this part of the Continue Reading →

FOMC the big event tonight.

Posted by:  |  Time: 7:34 am  |  Topic:
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Commentary:

Well we cannot get away from this Greek situation. Everyone has an opinion but nobody seems to have a solution. It is set to run and run and there is the chance of a headline at any stage that sends the market into a spin. 30th June is Continue Reading →

David’s Daily Note – What would Joyce say?

Posted by:  |  Time: 3:09 pm  |  Topic:
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Daily Note – What would Joyce say?

AU_2012021501_38_46SummaryJames Joyce and debt repaymentsGreece to do the right thing, by Greece.

The US – doing just fine

A jolt of common sense?

Happy Bloomsday!

How’s it going? I’ve been doing all sorts of Joycean carryon this morning, Continue Reading →