CymorFund Blog
The Uncertainty in the US v Europe We hear daily about the crisis faced in the world markets as a result of the 27 European nations failing to reach an accord in how to debt with overwhelming debt levels in many member states. So much so that the failure of the Super Committee in the...
China’s Building Boom May be Coming to Earth Nov 2011 (Reuters) – The monumental, neo-Mongolian sculptures, empty plazas and hulking concrete shells of buildings in Ordos district, deep in the steppes of Inner Mongolia, are a potent symbol of how China’s property boom can turn to bust. Off the back of a thriving coal industry,...
Fear Of Where the Stock Market is Headed Today, there is much fear. Many pundits over the last 3 years have prophesied the DOW falling to a fraction of its current level. We hear figures quoted for the DJIA of as low as 5,600 from its current levels of 11,000+. There are proponents of Wave...
Current Headlines on Eurozone Debt We now hear a constant refrain about how the Eurozone is about to disintegrate and the the Euro will disappear, with each European country reverting back to its own currency. The Origin of the Problem The strains in Europe arise from the initial difficulties of cobbling together many very diverse...
In our last blog, we discussed a taxi driver in Detroit with a broken meter running on fumes. We used this example to illutrate a changing world. The Super Committee That is Intended to Bridge the Gap Between Democrats and Republicans There is a committee made up of equal numbers of elected Republicans and Democrats...
I recently returned from visiting Detroit, Michigan. Detroit always seems to be a bit of a signpost for me. It seems to portray a minor microcosm of what is happening across the USA. Detroit Today What used to be referred to as “Motor City”, is now in the process of demolishing homes in the hopes...
Michael Lewis’ latest book – Boomerang Thanks to David Pescod’s “Late Edition”, we reprint some information from Michael Lewis’ latest book – Boomerang. As readers might recall, we have previously discussed Michael Lewis who has a knack for looking at the economic mess the world is in, and explaining the issues in understandable terms. His...
Yesterday the DOW Jumped Up by 259 Points Two days ago, it fell by 300 points. Feels like a roller coaster ride. Whatever today’s news, the markets react, and react violently. Either they jump up, or cascade down. It Used to be Greek Default That Was Important Every day, the EU was going to advance...
Pardon my facetiousness in today’s header. It just seems so ridiculous to read these daily scary headlines. In all of the current headlines, it seems as if we lurch from crisis headline to crisis headline. It’s Not the Greeks Now, It’s the Italians Think about the headlines over the last several months. Hardly a week...
The Roller Coaster Road If you ask anyone how the stock market is, they will comment on the fact that depending on the news from Greece, the stock markets zoom up, and zoom down, with equal ease and equal frequency. The syndrome is so obvious, that even the taxi drivers comment on it. In one...