Posts Tagged ‘coup d’etat’

Notes From Underground: There Will Be No Independen​ce From the ECB or BOE

July 3, 2013

Ah, July 4 and the living is easy but the trading is difficult. The algo trading models make data releases perilous but the influence of geopolitical events results in more variables in motion, thus the yellow flag is waved and caution is advised. Brazil, Turkey and certainly Egypt are in crisis mode. The military has seemingly taken control of the Egyptian government and as I write it is uncertain as to what the response will be from the supporters of President Morsi. The markets will at first blush will support the imposition of military rule for Notes From Underground‘s first law is MONEY IS FASCIST, meaning it craves POLITICAL STABILITY as a prerequisite. (more…)