Dollar Races Higher
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…
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Browsing Tag
Spain
CajaSur nationalization makes fragility of Spain’s banks topical
Last spring and summer I wrote a series of articles on the bleak situation in Spain, centred on the Spanish Cajas (savings banks), the imploded housing market and the high level of unemployment. The gist of these posts was that Spain faced…
Links on Spanish bond issuance and more
Subscribe to Our News Feed 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 read Spain raises €3.52bn with 10-year bonds - Independent.ie…
Spain is the perfect example of a country that never should have joined the euro zone
Greece fiddled its books and ran a deficit in good times and bad. But, it is rubbish to paint all of the debtor nations in Euroland now in crisis with the same brush. There are huge differences I would like to point out. And I will…
The Sarko Euro Rampage Leak and Maxi Euro Devaluations
Is the Euro depreciation planned or just a by-product of currency revulsion? No one knows. However, the events of the past week following the European shock and awe package are curious to say the least. Here's one curiosity. In the…
Eurozone slowdown coming; can the Euro survive?
The news out of Spain that the government is taking drastic action to avoid debt revulsion is a clear indication that the Eurozone is entering a new phase of economic weakness. All across Europe from the UK to Greece to Spain to Germany,…
Links: 2010-05-12 Spain gets religion on austerity
Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Economic News "Jobs" Drops to No. 2 on Americans' List of Top Problems - Gallup E.C.B. Advocates Caution in…
Moody’s May Cut Greece to Junk in Four Weeks
Moody's is going on a rampage regarding the sovereign debt of the Eurozone periphery. They are now reviewing Portugal and Spain for a potential ratings downgrade. That means they are threatening Greece with junk status and also warning that…
Spain Emerges From Recession?
Well it is now official - or at least as official as it is going to get: the Spanish economy sneaked back into growth by a short head during the first three months of this year. According to data published in the Bank of Spain’s quarterly…
Like A Dog Guarding His Bone
Presidents and Prime Ministers have to be careful with their choice of words. Especially in times of crisis and difficulty for their country. Former Mexican President José López Portillo will be remembered by history, not for his turbulent…