Greece

The just announced 2GB — Second Greece Bailout — is a misnomer. We wouldn’t exactly call a deal where private creditors reschedule all maturing bond payments for the next ten or so years into a 30-year bullet with a 50+ percent effective…

The combination of a 50 bp cut in China's required reserve ratios and anticipation that the European finance ministers sign off on the second aid package for Greece has lifted equity markets and most of the non-US dollar currencies.

There are two sets of important developments over the weekend that will influence the global capital markets. The first is in China and the second in Europe.

On Tuesday night, I spoke to Amanda Lang and Kevin O'Leary about Greece. The question was whether they were going to default and leave the euro zone. My response is that the euro zone is not ready politically for a default and so I think…

My takeaway here is that people are desperate and they are willing to support any party that has a solution to their economic plight, irrespective of whether that party is considered extreme.

The financial situation in Greece is deteriorating at a remarkable clip.

The US dollar continues to rally as uncertainty over the fate of Greece boosts demand for safety as the Greek tragedy is spinning into a farce.

There is plenty of room for policy error. The reasons to fear a Lehman-like event still seem compelling. European officials suggest the problem is the lack of implementation of reform and growth measures in Greece. No doubt there is an…

Anti-Euro MP Nigel Farage says the troika's economic policy in Greece is moving that country toward a violent revolution.

I am not particularly shocked or worried about the cancelled European finance ministers meeting. I still think this bailout gets done because Europe and the markets are not prepared for a disorderly default and politicians cannot risk the…