annatimone's Blog

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A change of fortune for the Rupee...fingers crossed

Good news to see significant rebounds in the value of the Indian Rupee and the Sensex after the appointment of the new Governor. The currency move will have been accentuated by a nicely orchestrated piece of intervention, sensibly timed to make the most of a change in circumstances. As I have emphasised before, intervention timed like this is effective because it backs up other factors that the market consider positive, and the first actions of this technocrat Governor have provided that boost. …
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Haynes6EU avatar

Good luck :)

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Intervention in India

I find it sad that FX intervention has to be reached for in India. When reserves are finite, and the numbers are in the public domain, it is very difficult to see this strategy working successfully on its own. Intervention can really only be justified as a viable option when it can buy time for the fundamentals that are causing the selling, to change; but, the authorities are under huge pressure to ramp up their response to the crisis, and their options are limited. OR... you could hopefully ha…
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mag 21 Aug.

very interesting... I am preparing an article September about how necessary that is speculation.

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annatimone 22 Aug.

Thank you, Marco. Definitely, let me know if there is anything I can do to help. Good luck with the article!

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Barclays: Friend or Foe?

You might have noticed that Barclays declared that they will raise capital, mainly through a 1 to 4 rights issue at a deeply discounted price. By itself, this announcement is pretty significant, but it brings to a head a `quiet war` that has been rumbling on since Barclays turned middle east towards salvation back in the dark days of 2008. The PRA (the newly formed regulatory arm of the Bank) has clearly set out its stall by insisting that levels of capital held by our banks should be (in simp…
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Nadin5794 avatar

да конечно без стабилизации сейчас сложно говорить о каких либо глобальных изменениях и так далее..российская экономика также очень шатко себя чувствует, в том числе, из за положения и рейтинга банковского сектора.

annatimone avatar

I agree. I think Russia has a huge potential and it’s doing better than before. It seems that the health of Russian economy depend a lot on politics. Like any other country, of course. But I think BRIC countries and in the Middle East it’s more than others. What do you think?

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Commodity Trading in Jeopardy as Fed Reviews Policies

The Federal Reserve is considering reversing decade-old rule allowing banks to ship oil and storing metal. How it could influence commodity trading? If the Federal Reserve reverses the rule allowing banks ship oil and store metal, it would be the biggest exclusion of banks from a market and it would put banks commodity-trading business in jeopardy. Most likely, commodity prices would stabilized or even go lower, because of the heavy impact it will have on banks. And for the banks, it woul…
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mag avatar
mag 23 July

Obama liquid part of the financial liberalization of Clinton?
the answer is complicated and deserves his previous reflection.

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annatimone 23 July

Entire financial and subprime mortgage crisis definitely linked back go Alan Greenspan. Greenspan kept extremely low interest rates for a long time, encouraged people to buy/invest in housing, give a lot of freedom (and closing Fed’s eyes) to banks activities and list goes on and on. First of all, banks need to fix their balance sheets to get rid of bad assets and than everything else should come (capital requirements, separation of activities and such).

Nadin5794 avatar

то есть сами американцы говорят о том что назревает новый мыльный пузырь и теперь он в банковском секторе?..

annatimone avatar

Well, sure. Financial crisis was caused by the banks. There are speculations that we have minor bubble in real estate now. But who knows?!

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