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Recently I told a few friends how frustrating the events unfolding in Greece are. It’s clear to most that the delays to a full restructuring in Greece reduces the net present value available to creditors. Yet, for political reasons, delay…

Two things I have written recently stand out as I contemplate what will happen in Greece. The first is that the institutions formerly known as the Troika had accepted Greece’s reform list sooner than I expected and that was positive. The…

Ever the optimist, I ended yesterday’s post writing that a deal remains the base case outcome. But unfortunately, this does not mean a deal gets done. And so we should look again at what could happen if no deal gets done. My sense is that…

This is a short post to update you on Greece. I continue to believe a deal can get done. Recent events demonstrate this is so. Nevertheless, the potential for policy error remains high. Brief thoughts below using a decision tree model…

No story is really dominating headlines today. So I thought it would be a good time to look around at a number of different topics I have written on in the past. Of course, Greece is still the biggest issue but it is optimism today instead…

Last night the European Central Bank announced that it would no longer accept Greek government or Greek government-guaranteed collateral for loans. This step had been telegraphed for a month but the timing demonstrates how political an…

Yanis Varoufakis had a long interview on RT’s Boom Bust yesterday going into detail behind his political candidacy and what he expects SYRIZA to do regarding the unsustainable debt burden that the Greek government now has. Overall, despite…

Two topics are dominating the news of late: the decline in energy prices and the upheaval in Greek sovereign debt due to the upcoming general election. On the first issue, I have been generally positive about the economic impact because…

Yesterday, I did a broad overview of four markets of interest to global investors. And I wanted to continue my thoughts on this here with a few more markets and with a deeper dive into some of my thinking about the UK. Britain, Part 2: I…

Despite the title, this is not a mono-themed post but more of a highlight of recent news and data and their importance in interpreting the direction of the economy and potential effect on markets. I do want to concentrate on European and US…