Europe

Hilarious.

Bill Gross is a bond guy. And in the bond world, the return of capital counts for a heck of a lot more than the return on capital. So, naturally, with debts being socialized from the private to the public sector, Gross has been asking…

Nothing is so bad, that it isn't good for something. So goes an old adage in my home country (and I would imagine elsewhere too) and perhaps if hard-burdened Eurozone policy makers and investors are finding it hard to find any kind…

If you would like to receive our links in real-time please follow me (Edward Harrison) at @edwardnh. We also have a Facebook fan page now. Must Reads: Crisis in Europe Germany May Extend Short-Sale Ban to All Stocks, Ministry Says -…

Highlights The US dollar is posting strong across the board gains.  The sole exception is the Japanese yen, which is also benefiting from the heightened anxiety.  There are three main drivers today.  First, there is fear…

On May 7th, the market covered some short euro exposure in anticipation of some sort of response by European officials.  As we know they came up with a large package of guarantees (not just for Greece) and loans, and the ECB provided…

Highlights The euro was confined within a $1.25-$1.26 range in the euro session, with intervention talk and hope (in vain) for new measure at today’s EU Fin ministers meeting leaving a slightly more bid sentiment in place. This is all…

The euro has rallied about 1% and has spurred talk of ECB intervention.  We are skeptical.  There seems to be little reason to expect the ECB to intervene outside of its time zone in a unilateral fashion.  Convention, we…

In an interview with Dow Jones Newswires, John Lipsky, First Deputy Managing Director of the International Monetary Fund, answers questions about taking action on the euro and intervention in Greece. Also see IMF Official: Euro’s Slide Not…

As noted in the daily, Eurogroup head and Lux Prime Minister Jean-Claude Juncker has played down need to intervene in the foreign exchange market, saying there was no need to defend the euro.  Yet in the same interview, he claimed that…