Markets

Boy! The Euro Is Getting Crushed Some More

The relentless fall in the euro is just unbelievable! As we said earlier today, we’ve gotten to where we reflexively just check the euro when we want to see the mood. Suffice to say: The mood right now is very bad.
Boy! The Euro Is Getting Crushed Some More
Markets

Club Med Passes Fiscal Failsafe Point Of No Return

As the Eurocrats prepare to wheel the latest Trojan Horse bail out scheme into the Reichstag for a vote this week, it remains to be seen if German politicians have the stomach to face the voters wrath in a lame effort to bail out the profligate spending of fellow fiscally […]
Club Med Passes Fiscal Failsafe Point Of No Return
Markets

Why April Will Be A Huge Test For The PIIGS

According to the graphic below from Der Spiegel, In April Europe’s PIIGS will be forced to roll over almost twice the amount of debt as March. Afterward, monthly debt maturities will be higher than March for each month until October. One wonders if credit markets will increasingly demand higher, more […]
Why April Will Be A Huge Test For The PIIGS
Markets

Are The Credit Markets Seriously Underestimating The Dangers Of A Greek Funding Crisis?

[credit provider=”commons.wikimedia.org” url=”http://commons.wikimedia.org/”] It’s time to start worrying that credit markets may be seriously underestimating the probability of losses arising from a Greek funding crisis. European credit markets have been way too subdued this week. It seems that the market is discounting the insistence from Germany’s Angela Merkel that there […]
Are The Credit Markets Seriously Underestimating The Dangers Of A Greek Funding Crisis?
Markets

You Should Be Absolutely Terrified By Europe’s War Against Speculators

Investors in Greek sovereign debt, sellers of credit protection on Greek debt or those with long positions financial institutions with large exposure to Greek sovereign debt should be very worried about the anti-speculation noise coming out of Europe. The threats against “speculators” in credit default swaps are eerily reminiscent of […]
You Should Be Absolutely Terrified By Europe’s War Against Speculators
US

Greece Approaches The Final Showdown

The Greek austerity program could work but its domestic economic consequences might be so devastating that it precipitates its own crisis. Whether it could work or not may be entirely academic. If the bond market doesn’t believe it will work, Greece will never have a chance to try it.
Greece Approaches The Final Showdown
Markets

‘The EU Has Made Things Too Easy for the Greeks’

The European Union may have a plan to save Greece should the need arise, but leaders are insisting that they will never have to use it. Still, German commentators say that the plan spells the end of the stability pact, designed to prop up Europe’s common currency.
‘The EU Has Made Things Too Easy for the Greeks’
US

Feldstein: Forget The Euro, I’m Nervous About The Dollar

Earlier on Bloomberg TV, Harvard University professor Martin Feldstein claims that “panic selling” is the reason behind the euro’s 10% decline since November. He also gives a strong claim to hold concern over the dollar in the coming years:
Feldstein: Forget The Euro, I’m Nervous About The Dollar
US

So, Is The Euro Doomed?

[preserve] [/preserve] Is the euro doomed? One (unlikely) solution proposed by Charles Hugh Smith is to devolve the currency into two: Euro 1 and Euro 2. Mercantilist nations such as Germany and France would make up Euro 1, and the debt-and-asset-bubble-dependent consumer nations would utilise Euro 2.
So, Is The Euro Doomed?
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