Tag Archives: France

Why The Core Needs To Save The Periphery

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We have discussed, at length, the symbiotic (or perhaps parasitic) relationship between the banking system in Europe and the governments (read Central Banks). The LTRO has done nothing but bring them into a closer and more mutually-reinforcing chaotic… Continue reading
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Daily US Opening News And Market Re-Cap: February 22

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From RanSquawkBoE release minutes for February meeting showing they voted 7-2 to increase the APF by GBP 50bln, with 2 board members voting for a GBP 75bln increase. European PMI manufacturing and services data disappoints. Peugeot-Citroen confirms … Continue reading
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A Breather And Some Time To Sort Through Some Greek Details

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From Peter Tchir of TF Market Advisors A Breather And Some Time To Sort Through Some Greek Details Details continue to leak out, making it somewhat easier to analyze what is coming out of Europe. It looks like the ECB and National Central Banks will g… Continue reading
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Crude Oil vs. Iran: Who Blinks First?

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By EconMatters Oil futures spiked more than 2% in one day to their highest level in nine months on Tuesday Feb. 21.  WTI front month contract closed at $105.84, while Brent ended at $121.66 on ICE, primarily on investors fear of potential co… Continue reading
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Frontrunning: February 22

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Obama Administration Said Set to Release Corporate Tax-Rate Plan Today (Bloomberg, WSJ) Greece races to meet bail-out demands (FT) IAEA ‘disappointed’ in Iran nuclear talks (FT) Hilsenrath: Fed Writes Sweeping Rules From Behind Closed Doors (WSJ)… Continue reading
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Sentiment Weaker Following Euroarea PMI Contraction, Refutation Of "Technical Recession"

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January’s hopium catchphrase of the month was that Europe’s recession would be “technical” which is simply a euphemism for our Fed’s beloved word – “transitory.” Based on the just released Euroarea PMI, we can scratch this Euro-accented “transitory… Continue reading
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Grecian Tragedy Formula, Bailout Number 3

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The word ???????? (tragoidia), from which the word “tragedy” is derived, is a portmanteau of two Greek words: ?????? (tragos) or “goat” and ??? (ode) meaning “song”, from ??????? (aeidein), “to sing”. This etymology indicates a link with the practice… Continue reading
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Greek PSI – A First Attempt At Valuing

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From Peter Tchir of TF Market Advisors Greek PSI – A First Attempt At Valuing So here is the first official statement I’ve seen on the PSI.  For some reason, there is no real haircut on accrued interest.  I took a look at all the GGB bond… Continue reading
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Iran begins military exercises aimed at defending nuclear sites

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By Madison Ruppert Editor of End the Lie Iran has announced that they are holding new military exercises focusing on defending their nuclear sites from a possible future attack, which is looking increasingly likely especially with the March 5 meeting between Obama and Netanyahu at the White House, which is just the latest in a [...]

Iran begins military exercises aimed at defending nuclear sites is a post from: End the Lie – Independent News | Alternative News Daily

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Ken Rogoff: Greece Should Be Given A "Sabbatical From The Euro" As Kicking The PIIGS Can Will Just Drag Germany Down

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There is nothing new in this interview of Spiegel magazine with Ken Rogoff, but it is refreshing to listen to a person who has at least some standing in the arena of grand self-delusion (i.e., economics and capital markets), telling it like it is. Whi… Continue reading
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Guest Post: Consequences To Expect If The U.S. Invades Iran

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Submitted by Brandon Smith from Alt-Market.com Consequences To Expect If The U.S. Invades IranLet’s be honest, quite a few Americans love a good war, especially those Americans who have never had to bear witness to one first hand.  War is t… Continue reading
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The Week In Review And Key Global Macro Events In The Coming Week

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Via Goldman Sachs Week in Review: BoJ Provides Some Excitement The main event last week was the BoJ meeting where the bank surprised the market by both expanding its asset purchase program and firming up its policy communication, from an ‘understandin… Continue reading
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Tick By Tick Research Email – Sometimes It Is Who You Know About and Not What You Know About

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Dear All   After spending over two millennia and billions – if not trillions – of dollars studying the atmosphere around us, I find it amazing that we are still terrible at predicting future weather patterns.  Weather, like finance, is a dyn… Continue reading
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As WTI Passes $105, Guardian Says Iran "Military Action Likely", Would Send Crude Soaring

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Between the Chinese ‘surprise’ RRR and the Iran export halt to UK and France (and escalating tensions), Oil prices are off to the races this evening. WTI front-month futures have just broken $105 (now up more than 10% in the last two weeks), the highe… Continue reading
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The ECB Has Opened Pandora’s Box

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Submitted by Mark Grant, author of “Out of the Box and onto Wall Street” The ECB has Opened Pandora’s Box“I believe that banking institutions are more dangerous to our liberties than standing armies. “      &… Continue reading
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