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Feb 8, 12 •
4207 Views •
Market Commentaries •
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Comments Off on Another Day, Another Deadline
Another Day, Another Deadline – Greece Set For 1 pm (GMT) Crucial Meeting One deadline after another has come and gone over recent weeks. The leaders of the three parties in the coalition government of Prime Minister Lucas Papademos postponed on Tuesday...
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Feb 8, 12 •
4498 Views •
Between the lines •
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Comments Off on Greece's One-Year Bond Yield Rose To 528% On Tuesday, 527.9% above Germany's
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...
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Feb 3, 12 •
9923 Views •
Market Commentaries •
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1 Comment
“Greece Will Default On Its Debt And Will Eventually Leave The Euro” – Paul Krugman The USA jobs numbers could disappoint.. So another month ticks by and another ‘NFP day’ comes around. For what it’s worth my advice is...
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Feb 2, 12 •
4211 Views •
Market Commentaries •
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Comments Off on The Economic Death Of A Generation
George Bush gave some legendary quotes during his time in office, the media labeled them “Bushisms”. On occasion a light was shone into the truth behind the actions of the USA admin. and govt. due to his quotes. This quote, (however clumsy),...
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Feb 2, 12 •
5732 Views •
Market Commentaries •
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1 Comment
A spokesman for the Greek government said this morning that negotiations with its lenders are now focused on three issues; wages, pensions and bank recapitalization. Pantelis Kapsis, when interviewed, told Greek television that there are just a few...
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Feb 1, 12 •
4567 Views •
Market Commentaries •
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Comments Off on The Suffering In Greece Won't Vanish Once The Ink Dries On The Swap Deal
The highest proportion of European companies on record are missing profit estimates despite the region’s stocks post their best start to a year since 1998. Market bulls believe that the Stoxx 600 will extend this year’s four percent gain as the region’s...
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Jan 31, 12 •
4283 Views •
Market Commentaries •
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Comments Off on Default Is Not A Get Out Of Capitalism Free Card
Default Is Not A Get Out Of Capitalism Free Card, But There’s Always The Sun The first time I went to Greece was to a small island called Lefkas, back then the small village of Vasiliki was at the time (late 80’s) termed “the windsurfing...
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Jan 27, 12 •
5049 Views •
Market Commentaries •
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Comments Off on A Whale Stranded Upon The Coast Of Europe
Edmund Burke, a British statesman and philosopher who lived from 1729-1797, once described Spain as “a whale stranded upon the coast of Europe”. That quote seems apt on the morning that desperately poor Spanish unemployment figures have been...
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Jan 26, 12 •
6951 Views •
Market Commentaries •
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1 Comment
The word “bankster” has been over used since the crash of 2008. In some respects, witnessing the unelected premiers of Greece and Italy turn the tables versus the banksters, is fascinating. To use the German word “schadenfreude” seems...
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Jan 24, 12 •
4053 Views •
Market Commentaries •
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Comments Off on Greek & Euro Ministers Play Game Of Show & Tell With Private Bondholders
Following yesterday’s meetings in Brussels, Greek ministers have insisted that banks must accept a lower interest rate on the new Greek bonds that they will receive as part of the ‘swap’ deal. The 4% coupon demanded by the Institute of...
