“Kanye West Now Has His Own Cryptocurrency and It’s Called Coinye West”
Spanish and Italian 10-year yields are now under 4% on the back of good manufacturing numbers.
“The spread between German and French bond yields, at 0.61 basis points, is now at its highest since August”
“‘Credit Cassandras’ say strong demand for risky bonds is a sign of frothy markets”
Interview with Mario Draghi, President of the ECB, 30 December 2013 – This is a hard line of questions from Der Spiegel. MUST READ
This German article outlines the path to debt sustainability that Greece is hoping for. Let’s remember Greece heads the EU as rotating head. Apparently the Greeks are hoping to get debt maturity extensions and interest rate reductions and use this (with their primary surplus) to go to the capital markets for funding and exit the Troika program. VERY ambitious.
According to the German article, the new Hartz IV reforms have meant that a whole group of people are becoming permanently dependent on assistance. Almost 50% of Hartz IV users had been on assistance for four years or longer.
“The introduction of new taxes will hit the poor hardest”
Lieberman’s leveraged finance deal experience wasn’t high on the list of why he’s gone into private equity I suspect
“Despite the market turmoil caused this summer by concerns over the US Federal Reserve’s plans to scale back its monetary stimulus programme, EM bond issuance jumped to $506bn last year, surpassing the record $488bn in 2012, according to data from Dealogic.”
“There are a number of reasons to pay taxes. One is to legitimate the currency, as your taxes can’t be paid in any other currency than the one legitimated by the government. This means that you have to use this currency and no other. Another function of taxes is to serve as an economic redistribution mechanism, which is a political function that sometimes works well and at other times not so well. At present, it isn’t working well in this sense at all. A third function of taxation is to control spending, sometimes as an aid to reduce inflationary pressures. Whether this is the best mechanism for doing this is a matter of some debate. “
This one is on inequality and these arguments:” 1. Inequality isn’t increasing. 2. OK, inequality is increasing, but it’s not a problem. 3. OK, it would be nice to have lower inequality, but any proposed solutions would do more harm than good.”
Motorola has screwed this up. They needed to have had this price from the start. Instead they lost a lot of momentum by keeping their price too high.