Browsing Tag

crisis

Building Hedges Around Greece?

While Macro Man opted to present a po(p)etic styling on the ongoing hardship in Greece (or was that Grease?) today came with a couple of notable developments in the story and would seem to be honourable and real efforts to calm down…

The bailout for Greece is in

The EU-IMF package came in at 110 billion euros (80 from the EU and 30 from the IMF). It is designed to see Greece through to 2014 for the stability and growth pact 3% deficit hurdle, not 2012 as had been anticipated by many. After news of…

The Age of The Trader

I have written a number of posts which point to a shift in the center of power on Wall Street from the client-facing advisory business to the market-making trading business. I think understanding this shift is vital to understanding what…

What A Difference A Day Made!

According to a once famous statement by the British Prime Minister Harold Wilson, a week can often be a long time in politics. But when it comes to financial market crises the situation often feels more like a line from the Dinah Washington…

Contagion Turns East

Well, I don’t know how many other people have noticed, but the Hungarian forint tanked today. This is the one I had been waiting for, and expecting. And precisely why did it tank? It tanked because Viktor Orban, Hungary’s…

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