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Yearly Archives
2012
Miserable Wants Company
For entities not awarded illusory funding by the ECB, U.S. Treasury Department, or the State of California, reality pounces like a thief in the night, sometimes literally.
Markets Shrug off S&P’s Downgrade of Greece ahead of LTRO
The US dollar is broadly weaker ahead of tomorrow’s 3-year ECB tender (LTRO).
Markets Shrug off S&P’s Downgrade of Greece ahead of LTRO
The US dollar is broadly weaker ahead of tomorrow’s 3-year ECB tender (LTRO).
Collective European Bonds Exist
By Marc Chandler There are many voices that continue to clamor for a European bond; one that is backed collectively by the various members. Germany and the other creditor nations are understandably skeptical especially without greater…
Five Key Developments Including Vote on Greek Deal 2.0
The US dollar is broadly higher against the major and emerging market currencies to start what promises to be an important week, with several parliaments due to vote on Greek 2.0, the second and possibly final LTRO, and PMI readings. There…
News Links 02/27/2012
Obama’s dream: To run against Santorum - The Washington Post Let me be blunt: If Republicans nominate Rick Santorum to run for president, they will lose. tags:…
Foxconn and China’s Capitalist Revolution
The promises of reform at Foxconn are the latest of many as China painfully adjusts to the inevitable social realignment that comes with a capitalist economy. What is occurring in China now happened in Europe during the transition from…
News Links 02/25/2012
Greek statement on bond swap: in full - Telegraph Athens has launched a bond swap with private investors to slash €107bn of the country's debt. Here is the Greek statement in full.…
An Agreement That Few Believe
According to their own public comments, the EU, ECB and IMF do not have much confidence that their agreement with Greece will avert default. Instead they are apparently trying to isolate Greece, delay its eventual default, prevent…