Speaker(s): Dr Ben S Bernanke, Olivier Blanchard, Professor Lawrence H. Summers, Axel A. Weber
Chair: Professor Sir Mervyn King
Recorded on 25 March 2013 in Old Theatre, Old Building.
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Speaker(s): Dr Ben S Bernanke, Olivier Blanchard, Professor Lawrence H. Summers, Axel A. Weber
Chair: Professor Sir Mervyn King
Recorded on 25 March 2013 in Old Theatre, Old Building.
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Jason “Make My” Day! Click here for leaderboard.
Not since 1996 and Greg Norman has an Aussie been on top of the leaderboard going into the weekend. We love our Aussie friends and it would be great to see a winner from down under.
How ’bout the 14-year old kid, Tianlang Guan, making the cut? Even more impressive was his response to being assessed a penalty for slow play. “A rule is a rule.” No whining. Unlike us westerners who have a sense entitlement, the rules don’t apply to us and are made to broken. That, friends, is what amazes us most about the Asian culture. No sense of entitlement. Look how Japanese society handled the tsunami.
The equipment makers must be drooling over the kid from China. Imagine if 300 million Chinese begin to pick up the sticks! By the way, Callaway Golf dropped 6 percent today on analyst downgrades saying the company will be hurt by the weaker Japanese Yen. Or was it Phil’s 4 over par? Ain’t markets efficient?
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Anything commodity related, including emerging market equities, got hammered today. Gold was down 5 percent! Oil off over $2.00. The consumer discretionary, financials, iondustrials, and technology ETFs recaptured their 20-day moving average this week. The industrials and technology ETFs moved back above their 50-day.
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Key Data Points
German 10-year Bund 5 bps higher;
France 1 bp wider to the Bund;
Belgium 4 bps wider;
Ireland 22 bps tighter;
Italy 10 bps tighter;
Spain 11 bps tighter;
Portugal 10 bp tighter;
Greece 82 bps tighter;
Large Eurozone banks weekly change, 1.35 to 7.83 percent;
Euro$ up 0.87 percent.
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Wow, 32 players shoot under par. Spain’s IBEX rallied in anticipation of Sergio’s 66 today. Efficient markets, no? Should have bet on the Baby Bull!
Hmmmm… El Niño is to Baby Bull as Liquidity is to Stock Bull?
Tweet of the Day – Ian James Poulter +4
19th Hole Fodder – Sergio’s Tree Iron
In the final round of the 2013 Arnold Palmer Invitational presented by MasterCard, Sergio Garcia hits his second from a tree near the fairway on the par-4 10th hole one-handed and backwards.
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Here’s our picks. $100 on each player:
Woods, Rose, Westwood, Donald, and Colsaerts
Famed golf course architect and Augusta designer Alister MacKenzie died before the grass had been planted — never playing or seeing the course in its finished form.
In your life have you seen anything like that!
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