There is one headline and discussion point, in relation to the Greece debacle, which constantly catches the attention IF you’re concentrating; “At stake is a target of lowering the debt to a more manageable 120 percent of gross domestic product by 2020. EU and IMF officials believe that target, which assumes Greece will run a […]
Is This What Constitutes 20-20 Vision For Greece? Read More »
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 stocks are still cheap and efforts by the European Central Bank to boost
The Suffering In Greece Won't Vanish Once The Ink Dries On The Swap Deal Read More »
A member of the bank of England’s monetary policy committee has gone ‘on record’ as stating that the BoE is not necessarily wedded to a policy of quantitative easing. Ben Broadbent is dismissive of the belief that the MPC has been biding time until it completes the current round of asset purchases before launching the
IMF Slashes Its Global Growth Forecast For 2012 Read More »
I can’t be alone in doing a bit of head scratching were Italy’s involvement in the proposed IMF lending is concerned, it’s reminiscent of the scene in Donnie Brasco were Jonny Depp gives the gangster Lefty, played by Al Pacino, money as a Christmas gift and Lefty gives the same in return, but takes some
It’s becoming increasingly difficult to comment on the various rumours emanating from the new ‘technocracy’ put in place in Europe. On Friday of last week the FT published their findings that the EFSF could not be enlarged anywhere near the capacity required to be the necessary ‘bazooka’, as a consequence the equity index markets fell
Rumours Are Like Wildfire – You Are Burned Up Before You Know It Read More »
[quote]It’s a race, it’s a chase, hurry up and feed their face! Who will win? No one knows! Feed the hungry hip-ip-pos! Hungry hungry hippos! (open up and there it goes!)[/quote] With the advent of web sites such as the original friends re-united website and lately Facebook it's become relatively straightforward to track down many
Hungry Hippos and Quantitative Easing Read More »
It's so comforting to know that the 'lender of last resort' always has its priorities in the right place. On September 22nd, amongst the press releases issued from its headquarters in Washington, the IMF finally released the news that the markets, central banks, governments and the multi faceted worldwide collection of, investors, commentators and journalists
Thunderbirds Are Go! International Rescue (the IMF) are Primed and Ready to Launch Read More »
