Europe

Media reports suggest that a recent article in German daily Frankfurter Rundschau are what have triggered the latest selloffs in Greek sovereign debt (See the Telegraph's account here; hat tip Swedish Lex). This article leaked portions of a…

Highlights The US dollar is again being broadly supported by heightened concern that Greece’s debt/deficit issues are soon to reach a climax.  The pressure on Greece is clearly spilling over to the other Mediterranean…

The Aleph Blog – The Rules, Part VI The Twitter Platform's Inflection Point – A VC News N Economics: Reducing household financial leverage: the easy way and the hard way Europe Economy Unexpectedly Stalled in Fourth Quarter –…

Peter Boone and Simon Johnson have just written a post "Greece And The Fatal Flaw In An IMF Rescue," at Baseline Scenario which outlines three scenarios for the Greek economy going forward. True Fiscal Austerity... We…

Highlights The US dollar is enjoying broad gains today as the Greece’s fiscal woes have returned with vengeance.  Market News International reports, that have been given some idea of what an IMF program could entail, are now looking…

'Extreme Makeover' Show Downsizes Its McMansions – WSJ.com Ahead of the Tape: How Wide the Inflation Chasm Between Fed, Investors? – WSJ.com Greek banks hit by wealthy citizens moving their money offshore – Telegraph…

Office vacancy rate hits 16-year high| Reuters Demand for O.C. homes at 9-month high – Lansner on Real Estate : The Orange County Register FT.com / Columnists / Wolfgang Munchau – Greece will default, but not this year…

The SNB's apparent absence had emboldened the market, which has driven the euro to record lows against the Swiss franc.  The SNB had been clear.  It was still closely monitoring the Swiss franc even though it acknowledged that at…

Highlights The US dollar is little changed against the major foreign currencies despite robust purchasing manager index reading throughout Europe and Asia.  The lack of much of a market reaction could reflect one of two factors. …

Highlights The US dollar remains largely on the defensive despite the recovery in North America yesterday.  The euro slipped to almost $1.3380 in Asia, but has recovered smartly in Europe, but It is sterling that is the stand out…