2012

Developments in the Netherlands may steal the limelight as the French election is still more than a month away. The key issue in the Netherlands is that last week, the Dutch Bureau of Economic Policy Analysis warned that next year's deficit…

Spain is on a bad course, with recognised debt about to surge rapidly, while investor confidence in the current administration is slipping. Time for another “game changer” I think, since otherwise this car is about to crash.

Uncertainty over the participation in the Greek bond swap is a major source of anxiety today. Rumors circulated earlier that the PSI "invitation" would be extended by a week due to low participation have been officially denied, but rumors…

I'm back. The vacation is now over and I am ready to get down to business. I hope you enjoyed the other posters over the last two weeks. You have probably seen a few of the posts I have written since Saturday, so let me now tell you about…

This is a silver level post. Coming up on Friday we get the latest monthly jobs numbers and they are awaited with great anticipation by the market. Of late, the headline numbers have been terrific, but can it last?

The US dollar is broadly higher against most of the major and emerging market currencies amid concern that the Greek PSI will not see sufficient participation to avoid the triggering of the collective action clauses or worse. At the same…

News links for 6 Mar 2012.

Will Germany lose its best friend in the Upright Brigade? And if so, will this encourage Greece, Portugal, Ireland, Italy and Spain etc. to question Germany-encouraged austerity policies? Spain’s prime minister has already said that the…

This is a silver level post. Spain is now fessing up that its going to miss 2012 targets as well as its 2011 deficit targets. For Credit Writedowns readers, this should come as no shock because I predicted this months ago. Here's the…

This is a silver level post. The biggest problem most people have with the bailouts is not that the banks were bailed out but additionally that there seem to have been no consequences for individual actors, the executives that brought the…