"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
The euro is now less in comparison to the dollar than before the rescue and even Volcker is questioning if it can survive. Seems to me it was just an attempt to (big surprise here) bail out big eurozone banks…
We’re talking sovereign debt defaults now. El-Erian [CEO of bond management giant Pimco], in so many words, says Greece will default. Krugman is talking about the real possibility of unwinding the euro and ends his piece with: “I think I’ll…
The Greek bond holiday is here. Greece’s bond pricing administration HDAT has withdrawn bond prices as spreads have hit 650 bps. Greece acknowledges it is game over as 10 Years are at 10%, and 3 Years at 13%. Stock liquidation…
You just can’t make this stuff up… Germany has been loathe to bailout Greece. The conflict between the two nations is escalating. To wit: A German magazine, Focus, says Greeks are the “cheats of the eurozone” and portrayed Venus de…
A fine rant from Zero Hedge about blaming speculation for the ongoing debt crisis in Greece when the real problem is governments hiding debt, aided and abetted by investment banks. Dear Mr. Bernanke, dear idiots at the SEC (to paraphrase…