Hello, Mark Tanner here. We are in the process of planning an ebook version of The Debt Generation. We would like to do this properly and make use of the different possibilities that the ebook offers. We will be doing an Epub version and a Kindle version. For those of you who read ebooks are […]
ebook version of The Debt Generation Read More »
A friend of mine had an interesting conversation with a Swiss banker last week in The Cafe Metropol in Zurich. The cafe happens to be just across the road from the Swiss National bank and is a favourite watering hole. The Swiss banker suggested that the big Swiss banks and the Swiss National bank are beginning
Swiss Euro holdings dilemma Read More »
Remember what I was saying in Dominoes falling from the East about the debt train coming from Eastern Europe and the Balkans? Well I thought these two reports form Bloomberg this week were interesting hints that I might not be all that far from the mark. In Italy Italian borrowing costs increased to 3.67 percent
Debt Train – The first shipments arrive. Read More »
I won’t be able to write anything today. I’m down in London for an interview on the Max Keiser Report. I don’t know when it will be broadcast but I’ll let you know for anyone interested to see how it went.
Interview on Max Keiser Report Read More »
Well the Commission’s ‘tough talking’ to the Bond holders didn’t last long did it? Yesterday they were trying to sound like Clint Eastwood, “Do you feel lucky punk? Well do ya?” Today all that was corrected by Olli Rehn, Commissioner for Economic and Monetary Affairs, or I prefer to call him, Commissioner for Treason and
European tough talk turns to grovelling Read More »
Reuters headline is that the yield on Portugal’s ten year debt dropped due to high demand at this auction. Which as the article goes on to suggest, averts bond disaster and lowers the pressure on Portugal. I see this as the now customary Pravda style “all news must be good news”. What the facts tell
Portugal’s bond auction – behind the ‘Pravda’ headlines Read More »
Revealing news this today – According to Frankfurter Allgemeine Credit Default Swaps for many of Europe’s biggest banks shot up yesterday. And what is most interesting is which banks fared worst: the big two in Spain, BBVA and Santander and in Germany, Commerzbank. Why should CDS costs shoot up yesterday? Well yesterday was, as I noted in
Bond holders hint at the real state of Europe’s banks Read More »
Today the European bond debacle continues with Portugal being pushed ever closer to having to accept bail out money from the EFSF and Irish CDS costs shooting to the moon. The Portuguese Prime Minister, Mr Socrates keeps insisting, as all Prime Ministers do, that his country is not in any need of a bail out,
Making the bond holders pay Read More »
Well here we are in a second successive year of Zeno’s Recovery. The recovery that never ends but never gets anywhere either. In accordance with Zeno’s rules of paradox, no news will be allowed that is not positive: Thus good news will be exaggerated and bad news will be treated as if it were good
Zeno’s Recovery – Looking forward with fury to 2011 Read More »
I apologise for not having written in so long. A member of my family has been and continues to be very unwell. I have to give my sons what spare time I have. But I am now getting back to work. Sometimes it can be hard to stick to a view that is unpopular or
Looking back a year Read More »
