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Die Eurohühner
A bit of gallows humour for my German-speaking readers. (Hat tip Yves Q. Smith) Source Die Eurohühner - Föhrenbergkreis Finanzwirtschaft
Some brief thoughts on the Eurobond non-starter
I was reading an interview in Handelsblatt with the EU's Olli Rehn and I found this exchange telling: Handelsblatt: Mr. Commissioner, with yesterday's decision is an EU-debt agency created which issues Euro Bonds? Olli Rehn: I will…
David Rosenberg: Greece same canary in the coal mine that Thailand was for emerging Asia in 1997
From his latest "Breakfast with Dave" missive. Well, I think the turbulent global events of the past few weeks underscore the reason why I have maintained a cautious investment approach for the past year, notwithstanding the…
Links: 2010-05-11 The euro crisis and more
Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. For readers in Canada, I will be on BNN at 1200 ET (light posting until then). Euro crisis PIMCO: Greek Woes Will Keep…
Lena Horne: 1917-2010
Sources
Lena Horne Dies at Age 92 - Art Beat
Lena Horne - Wikipedia
Lena Horne Obituary - The State, SC
Remembering Groundbreaking Jazz Icon, Actress Lena Horne - PBS
The ECB’s nuclear option has its limitations
Here's a thought regarding the European liquidity scheme. My understanding is that the ECB is legally prohibited from 'monetizing' Eurozone debt by buying it directly at auction. Therefore, in instituting the nuclear option of buying up…
Chart of the Day: Relief Rally for Euro Fades
Equity markets have responded well to the EU's new liquidity schemes. But the single currency is tanking, after EUR shorts caused it to pop just after the announcement.
What does this mean? Maybe the markets sense a large…
Full Statement of UK Prime Minister Gordon Brown on Decision to Step Down
Below is the transcript of Brown's remarks. "We have a parliamentary and not presidential system in this country and as I said on Friday, with no party able to command a parliamentary majority arising from the general election,…
Moody’s May Cut Greece to Junk in Four Weeks
Moody's is going on a rampage regarding the sovereign debt of the Eurozone periphery. They are now reviewing Portugal and Spain for a potential ratings downgrade. That means they are threatening Greece with junk status and also warning that…