While you all jerk off to the latest Twitch, I have been mining data.
And so it is learned today there have been major breaches in UK hospitals; shock horror, men and women have been forced to sleep in the same room without permission. Of course the data we were all looking at was the non triple dip GDP numbers for the UK. The markets liked the "estimate" and so it seems the USD is Apple and GBP is Samsung. Until tomorrow.
The ONS never gets its numbers right and readjusts them. But like a fake AP tweet, we take it on the chin and move on. The sad reality is some of the numbers coming out like the number of Spanish who have no job is truly horrific. No wonder the Euro dream is coming to an end.
In the meantime, we long equities and short bonds. Until the next twitch when it will reverse and then swing back again. Despite being an Economics major I am as confused as nearly everyone else as to what is going on. So best to start mining some more, Bitcoins that is.
Rampant UK ready to hike rates (reuters)
Socialist says spend (guardian)
US run out of jobs (bloomberg)
UK to outsource its statistical data to China.