We’re not entirely sure what happened to the “on deposit” stories that were doing the financial news-rounds in late 2011, remember how it was? The ECB would offer three year virtually unlimited loans to banks at a 1% coupon, they termed it LTRO, (long term refinancing operation). The banks would then immediately deposit the same […]
The ECB Announces The Last Of Its Blow Out Money Sales Read More »
There are two definitions for a Dutch Oven and both are equally fitting for the stunt the Dutch finance minister pulled during the final delicate negotiations over the details of the Greek bailout; [ordered_list style=”decimal”] A Dutch Oven is a thick-walled (usually cast iron) cooking pot with a tight-fitting lid. Dutch ovens have been used
Greece Is Put Into A Dutch Oven Read More »
“Exporting crude to British and French companies has been stopped, we will sell our oil to new customers. We have our own customers. The replacements for these companies have been considered by Iran” – Iranian spokesman Alireza Nikzad was quoted as saying on the ministry website. Iran has stopped selling crude to British and French
The economic news emerging from the USA was extremely positive on Thursday, not only were the job numbers more encouraging but housing starts have improved. A leading sentiment index also came in more positive than anticipated. However, another metric, that dares not speak its name, rises exponentially day by day; total USA debt.. On Thursday
Total USA Debt Reaches New High With $32 bn Borrowed On Thursday Read More »
Greece officials claim the troika is moving the goal posts in order to force them out of Europe whilst oil spikes on rumors that Iran is beginning to choke supply off to Europe. Meanwhile, whilst visiting the USA, China refuses to budge on any issues reminding the USA of the golden rule of business; “he who has
China Reminds The USA Of The Golden Rule Of Business Read More »
With the exception of France no other country’s top politicians have attempted to jealousy guard and protect their highest credit rating more than the United Kingdom. However, despite the UK chancellor’s best efforts to displace attention away from the UK’s precarious financial position, the hidden depths of the UK’s indebtedness now appears to be exposed.
The UK Finally Placed On Negative Watch By Moody's And Not Before Time Read More »
So what did we expect as the news finally broke that a deal had been reached by the Greek government on the austerity measures? Fireworks, street parties, Bacchus debauchery on the streets of Athens? Or the weary resignation that “resistance is useless” and by any fair method or foul it was inevitable that Greece would
Is there a beer index? If so find out where it is and go long, very long. No stop loss required as there’ll never be a spike, support will never be tested.. It’s not often that you search for an article title and it comes to you. Whilst searching ‘the wires’ for news items to
Cheers! Can Plato's Logic Solve The Greek Problem? Read More »
It’s extremely difficult to sum up what’s happened recently without being open mouthed. There comes a time when you begin to run out of adverbs and adjectives to either understand or explain the overall global economic situation. On the day when Greece’s one year bond yield reaches 528% the ASE, the Athens Stock Exchange index,
Greece's One-Year Bond Yield Rose To 528% On Tuesday, 527.9% above Germany's Read More »
French President Nicolas Sarkozy met German Chancellor Angela Merkel in Paris on Monday as Greece’s interim prime minister, Lucas Papademos, prepared to negotiate with the troika of international lenders in Athens. However, the gathering of Greek political leaders was delayed until Tuesday as they struggled to create a united message. Greece appears to be intent
“We Refuse To Accept A Greek Bankruptcy. We Can’t Accept That.” – Angela Merkel Read More »
