Greece

Highlights The US dollar is narrowly mixed today.  The euro is heavier following news that Greece and Ireland’s budget deficits were even larger than expected by the EU’s calculations and this is seen as much more important that the…

This isn’t about economics anymore, this is now about who does what, when, and how everyone else reacts. Certainly the news that Greek bonds hit another post-EMU record high yesterday can hardly be said to have come as a surprise. 10-year…

Highlights        The US dollar has surrendered yesterday’s gains against most of the major foreign currencies, after the upside momentum stalled in North America yesterday.  The recovery of US…

Germany, UK demand Goldman Sachs probe| Reuters John Paulson Needs A Good Lawyer - The Baseline Scenario interfluidity » L’Affaire Goldman in price/information terms interfluidity » Goldman-plated excuses Iceland volcano could continue…

Highlights The US dollar remains firm against the euro as Greek woes continue to weigh on sentiment.  The euro has practically returned to levels seen prior to last weekend’s financial aid package details.  That area,…

Yves talks about Greece and the sovereign debt crisis in Europe as well as her book "ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism". I saw this interview on Tuesday and thought it was very…

WaMu Chief Killinger Didn’t Trust Goldman Sachs, E-Mails Show - BusinessWeek German threatens legal challenge over Greek aid: report| Reuters FT Alphaville » Greece – ‘It’s not that different’ Observations: Happy or sad, emotions…

Are 'Austrians' Self-Hating Keynesian Economists? - Coordination Problem Greek Bailout, Lehman Deceit, And Tim Geithner - The Baseline Scenario Lehman Used ‘Alter Ego’ to Transfer Risks - NYTimes.com World oil demand to hit record high…

Highlights The US dollar is consolidating yesterday’s decline and has largely been confined to narrow trading ranges.   With the Greek bill auction behind it, the market may lack a clear focus, but sentiment towards the euro…

The Maginot Line, named after French Minister of Defense André Maginot, was a line of defenses which France constructed along its borders with Germany and Italy after suffering appalling damage and casualties during World War I. The French…