Yesterday in ‘More Bad Signs in Euroland’ I mentioned how Spain had had a Bond Auction fail. Not that it was reported that way by the mainstream – but then truth is no longer their function in this time of crisis, is it? I also suggested that the ECB would have to be on call …
A question asked a lot recently, particularly on Germany. WHY was Greece let into the Euro and the Union in the first place? And more under the breath than out loud, why were Spain and Portugal let in? Why were all these poorer and more debt ridden. low growth countries let in? Whether you think …
Why was Greece let in and why not let her leave? Read More »
Why was the GB government so quick to say they were not going to help with the German ban on Naked Shorting and not going to support new regulations on Hedge funds? You may not be asking yourself this question – at least not this early in the day. But they were asking it yesterday …
Money is on the move. Like an angry Mongol horde it has saddled up and is looking for someone to have a word with. You see, WE think of Mongol hordes as the archetypal mob of marauding thugs whose main hobbies were raping and pillaging. But did they see themselves that way? I think they …
Despite the ECB humbling and devaluing itself just a week ago – there are virtually no signs that it ever had any effect. The bail- out was designed to protect European banks and debtor nations. Neither is working only a week after. Debt fears are back and growing and a couple of banks are nearing …
Well things just keep getting better. Just to offset all this European focus lets take a peek at US real estate. And its the same story in both Commercial and Residential – a small bounce in demand and value, which was trumpeted from the tops of sky-scrapers as ‘THE RECOVERY IS HERE’, turns out not …
Things just went seriously political. We are now in the treacherous water between economics and politics which is a turbulent place. Think – Cape Horn. Some of us are in war ships, some sadly in peddle boats. We now have nations who had been, albeit uneasily, standing together, breaking ranks. And their financial proxies are …
Apparently what you do not want in a Mexican stand-off is a German – especially not one from the Finance Ministry. The German FinMin pulled the trigger last night and to mix metaphors rather disgracefully the shit has well and truly hit the fan. A large fan. Personally I think they were RIGHT! So far …
Two things happened today that may be related and together they could have truly seismic consequences. This evening, with hardly any warning at all, the German Finance ministry said it was banning all CDS naked shorting and banning the naked shorting of 10 major banks. The reaction of the market was first utter disbelief. HOW …
How do you cut salaries, jobs and pensions and raise income tax, corporate tax and VAT, and still get growth? That is the pair of pliers our governments have chosen to construct around their own gonads. How is Portugal or Spain, let alone Greece, going to earn the cash to paying its debts if the …
