2015 – Page 14 – Credit Writedowns

Credit Writedowns

Finance, Economics, and Markets

Potential deal in Greece, Speculation on Danish peg and US interest rates

US economic data pointing up, bolstering Fed tightening bias

ECB ends Greek collateral waiver, ELA still available, Greek options limited

Syriza and the French indemnity of 1871-73

Greek debt swap, dollar weakness and Denmark’s intervention struggles

The financial crisis end game

Revisiting Greek negotiating positions and more comments on capex and interest rates

Thoughts on the economic effects of the reduction in capex from the energy sector

Why quantitative easing and negative interest rates will fail

The convergence to zero continues, favouring Anglo-Saxon government bonds