Europe

Marc Faber talks with Bloomberg about the outlook for US shares, saying he believes the market could correct 20% if the S&P reaches a new high (above 1150). That’s the definition of a cyclical bear market, by the way. Faber also…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. The Financial Times carried a story in the weekend edition quoting a couple…

The Wall Street Journal is reporting that a plan to bail out Greece to the tune of $41 billion is now being formulated by Germany and France. It might seem as if a bailout is inevitable and that the terms of such a bailout are the only…

A parable about how one nation came to financial ruin. – By Charles Munger – Slate Magazine New York State of Disrepair – WSJ.com Liz Pulliam Weston: Broke? Calculate your debt ratios – MSN Money Federal Reserve talk belies likely…

Things are getting heated in the Greek sovereign debt crisis – with the main battle lines being drawn between Greece and Germany. There are a lot of stories in the German press about Greek profligacy and cheating (see German-language links…

The following is a post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For more of BBH’s currency views, visit the website here. Pessimism pervades discussions of Europe today.  Optimists are not to be…

This post was originally published at A Fistful of Euros. “Doom-mongers” - the Economist tells us - “are licking their wounds”. And why exactly are they licking their wounds? Well for two years now (apparently) they have been telling us…

Also see Greece in turmoil over austerity from the FT.

This post originally appeared at Alpha.Sources. It is a well known dictum in the context of economic analysis that you have to distinguish between stocks and flows and how focus on one in stead of the other lead to misguided analysis. It…

This is just in from the FT: Germany recorded a budget deficit of 3.3 per cent of gross domestic product last year, one point more than the most recent forecasts, but still well below the level for most of Europe’s larger economies.…