Markets

The Cyprus Bailout Is Unfair, Short-Sighted, And Self-Defeating

[credit provider=”My Take on Financial Events” url=”http://brucekrasting.blogspot.com/2011/08/brush-fire-bailout-straw-that-breaks-eu.html”] IT IS not a fudge, but it is still a failure. The euro zone’s bail-out of Cyprus, which was sealed in the early hours of Saturday, did get the bill for creditor countries down from €17 billion to €10 billion, as had been […]
The Cyprus Bailout Is Unfair, Short-Sighted, And Self-Defeating
Markets

THE ‘TRILOGY’: The Three Big Stories Driving Markets Around The World Right Now

[credit provider=”YouTube” url=”http://www.youtube.com/watch?v=mxQiiEOcJso”] “The FX markets are now under the influence of a trilogy of themes,” says Société Générale strategist Vincent Chaigneau in his latest report.The three themes driving markets, Chaigneau says, constitute a “regime shift” that the bank expects to dominate the investment landscape for the rest of the […]
THE ‘TRILOGY’: The Three Big Stories Driving Markets Around The World Right Now
Markets

How The US Dollar Staged An Incredible Comeback And Humiliated The Doomsayers

[credit provider=”Rob Wile/Business Insider”] The U.S. dollar is back!Thanks to a U.S. economy that is outperforming its peers in the developed world, an improving energy trade balance spurred by a domestic energy boom, and a shifting interest rate environment, market practitioners are coming around to the notion that the dollar […]
How The US Dollar Staged An Incredible Comeback And Humiliated The Doomsayers
Markets

Germans Sound Increasingly Depressed About The Future Of The Eurozone

[credit provider=”www.youtube.com” url=”http://www.youtube.com/watch?v=TITLqWtxLPk”] Euros entered circulation on January 1, 2002, and for six years, they were practically growing on trees in southern Europe. But the bubble got pricked. Since then, the monetary union has been in crisis—almost half of its existence — until late last year, when it was decided […]
Germans Sound Increasingly Depressed About The Future Of The Eurozone
Markets

‘GIRLFRIEND IN A COMA:’ The Banned Documentary That Showed Why Italian Voters Were The First To Rebel

[credit provider=”Bill Emmott/Girlfriend In A Coma” url=”http://girlfriendinacoma.eu”] A day before election day two weeks ago, Italian authorities halted a screening of a documentary by the former editor of The Economist about the country’s society-wide crisis.The film, “Girlfriend In A Coma” — a play on the Smiths’ song speaking to Emmott’s […]
‘GIRLFRIEND IN A COMA:’ The Banned Documentary That Showed Why Italian Voters Were The First To Rebel
Markets

Beppe Grillo Warns About Italy Leaving The Euro

Italy plunged deeper into political chaos this weekend after Beppe Grillo, the quixotic former comedian who holds the balance of power in parliament, suggested that the country may have to abandon the euro and return to the lire.
Beppe Grillo Warns About Italy Leaving The Euro
Markets

FELIX ZULAUF: ‘Lira-ization Of The Euro’ Is Inevitable

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Lire_10000_%28Michelangelo_Buonarroti%29.JPG”] “I’m sitting on cash,” Felix Zulauf said when he was asked in an interview where he was putting his money. With decades of asset management experience under his belt, he’d founded Zulauf Asset Management in Switzerland in 1990. But now he was worried—and has turned negative […]
FELIX ZULAUF: ‘Lira-ization Of The Euro’ Is Inevitable
News

Obama’s European Trade Deal Could Completely Reshape Global Exports

[credit provider=”White House” url=”http://www.flickr.com/photos/whitehouse/7229949982/in/photostream”] The blockbuster bid for a U.S.-European Union trade deal announced by President Obama in Tuesday’s State of the Union speech won’t be easy, but it has the potential to reshape the global export market and provide a nudge to economies on both sides of the Atlantic.The […]
Obama’s European Trade Deal Could Completely Reshape Global Exports
Markets

The Euro is Getting Clobbered

As markets decline in Europe, in part thanks to ugly GDP reports, the Euro is getting clobbered. Perhaps the ECB will have more room to ease.
The Euro is Getting Clobbered
Markets

7 Things Mario Draghi Can Do To Weaken The Euro

[credit provider=”ECB” url=”http://www.ecb.int/press/tvservices/webcast/html/webcast_121004.en.html”] One of the hottest topics in global markets over the past month has been the euro’s surge in value against other currencies like the U.S. dollar and the Japanese yen.With the Federal Reserve and the Bank of Japan engaged in monetary easing and ECB President Mario Draghi […]
7 Things Mario Draghi Can Do To Weaken The Euro
News

87% Of French Want A ‘Real Leader’ To Reestablish Order

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:Bundesarchiv_B_145_Bild-F010324-0002,_Flughafen_K%C3%B6ln-Bonn,_Adenauer,_de_Gaulle-cropped.jpg”] Americans are cynical when it comes to politicians. For example, Congressional approval ratings were mired just above single-digit levels in 2012, hitting 10% twice. An expression of utter disdain.But the French—with their economy spiraling deeper into crisis—expressed disdain for their political class, as they call it, in […]
87% Of French Want A ‘Real Leader’ To Reestablish Order
Markets

GEORGE SOROS: ‘The Euro Is Now Here To Stay’

[credit provider=”George Soros via YouTube” url=”http://youtu.be/i2S9nPWwjX4″] Billionaire investor George Soros is speaking at the World Economic Forum in Davos, Switzerland.Soros gave a particularly pessimistic speech on the euro crisis last June, only a month before ECB President Mario Draghi stepped up and reassured markets that the ECB would “do whatever […]
GEORGE SOROS: ‘The Euro Is Now Here To Stay’
Markets

Euro Tanks After Warning From Juncker

The euro is falling fast against the U.S. dollar after a headline crossed reporting a comment from Jean-Claude Juncker, President of the Euro Group of eurozone finance ministers.
Euro Tanks After Warning From Juncker
Markets

This German Industrial CEO Hates The Euro

Bernd Scheifele, CEO of HeidelbergCement—one of the world’s largest producers of construction materials with nearly 55,000 employees at 2,500 locations in over 40 countries—lashed out against European politicians and their inability to bring budgets under control.
This German Industrial CEO Hates The Euro
Markets

Morgan Stanley On The ‘Fascinating’ Divergence Between Europe And Japan

[credit provider=”kevin dooley / Flickr” url=”http://www.flickr.com/photos/pagedooley/6159250206/”] This is a pretty interesting comment from Morgan Stanley’s Joachim Fels.It’s about the divergence we’re now seeing between policymakers in Europe (still on the austerity path) and Japan (trying to loosen like crazy), a pattern that will likely result in the yen weakening significantly […]
Morgan Stanley On The ‘Fascinating’ Divergence Between Europe And Japan
Markets

The Euro Keeps Going Higher And Higher

The euro is surging against the U.S. dollar after ECB President Mario Draghi revealed at the ongoing ECB press conference that the decision to leave interest rates on hold was unanimous.
The Euro Keeps Going Higher And Higher
Markets

Alternative Currencies To The Euro Are Springing Up All Over Greece

[credit provider=”Pictoscribe – Home again on flickr” url=”http://www.flickr.com/photos/pictoscribe/6639842503/”] It’s been a busy day at the market in downtown Volos. Angeliki Ioanitou has sold a decent quantity of olive oil and soap, while her friend Maria has done good business with her fresh pies.But not a single euro has changed hands […]
Alternative Currencies To The Euro Are Springing Up All Over Greece
Markets

Euro Doomsayers Are Having To Revise Their Forecasts

BERLIN (Reuters) – Back in May, as the euro zone veered deeper into crisis, Nobel Prize-winning economist Paul Krugman penned one of his gloomiest columns about the single currency, a piece in the New York Times entitled “Apocalypse Fairly Soon”.
Euro Doomsayers Are Having To Revise Their Forecasts
Markets

Sweden’s Euro Hostility Hits A Record High

[credit provider=”Flickr/Therese Göterheim” url=”http://www.flickr.com/photos/_tesa_/4898714273/”] As the Eurozone flails about to keep its chin above the debt crisis that is drowning periphery countries, and as the European Union struggles to duct-tape itself together with more “integration,” Sweden is having second thoughts: never before has there been such hostility toward the euro.Sweden […]
Sweden’s Euro Hostility Hits A Record High
Markets

Some Frustrating Moves In The Foreign Exchange Markets

[credit provider=”en.wikipedia.org” url=”http://en.wikipedia.org/wiki/File:CHF20-Honegger-security-1.jpg”] The US dollar saw its post-FOMC losses extended only against the euro as the perhaps the passable success of the Greek bond buy-back and bank supervision deal lent support to the single currency.  Yet, even it succumbed to selling pressure in the European morning and returned to pre-FOMC […]
Some Frustrating Moves In The Foreign Exchange Markets
News

The Socialist Heart Of France Spit Out Its First Victim

[credit provider=”YouTube/Euronews” url=”https://www.youtube.com/watch?v=S2dwxYR3ONQ”] A new report released by Insee details the inexorable rise of official poverty in France. By the end of 2010, it engulfed 8.6 million people, 5.4% more than in 2009, and 16.7% more than in 2004.The poverty rate jumped to 14.1%, the highest since 1997. For children […]
The Socialist Heart Of France Spit Out Its First Victim
Markets

The Euro Is Getting Massacred

In the wake of Draghi’s press conference — where he sounded very dovish and said that rate cuts have been discussed — the euro is getting massacred.
The Euro Is Getting Massacred
Markets

‘The Euro Will Blow Up Europe Instead Of Bringing It Together’

[credit provider=”Flickr/stan_”] “I cannot be disillusioned because I no longer have any illusions about Europe,” muttered Euro Group President Jean-Claude Juncker last week after the horse trading over Greece’s bailout had failed once again.But he wasn’t the only one who lost his illusions.
‘The Euro Will Blow Up Europe Instead Of Bringing It Together’
Markets

The Curse Of The ‘Irreversible’ Euro

[credit provider=”Christopher Lotito at www.flickr.com” url=”http://www.flickr.com/photos/christopherlotito/7962673450/”] Young educated Greeks are facing an insurmountable wall of unemployment [Merkel Has A Dream]. With little chance of finding a job in their field, they’re competing for any kind of job.Wages have plummeted. Benefits have disappeared. The economy has shriveled by 19.4% from the […]
The Curse Of The ‘Irreversible’ Euro
Markets

The Japanese Yen Was The Big Currency Story Of The Week

The euro has spent this week inside last week’s trading ranges.  It is consolidating the break of the $1.28 support, the lower end of the trading range from mid-September through last week.  This former support is now resistance as seen in Thursday’s price action.  That area now also corresponds with […]
The Japanese Yen Was The Big Currency Story Of The Week
Markets

Angela Merkel Wants To mould A New EU Based On Her ‘Domestic Policy’

[credit provider=”Flickr/World Economic Forum” url=”http://www.flickr.com/photos/worldeconomicforum/368875925/”] On Wednesday, German Chancellor Angela Merkel set foot in the European Parliament for the first time since 2007 and addressed the only democratically elected European institution—an emasculated one that cannot even originate its own laws, though it is allowed to vote on proposals by the […]
Angela Merkel Wants To mould A New EU Based On Her ‘Domestic Policy’
Markets

The Art Of Siphoning Off EU Money

[credit provider=”Sean Gallup / Getty Images”] The European Union has been pursuing a dream, and in doing so, it has created a ballooning superstructure of governance manned by 41,000 bureaucrats and mostly unelected politicians.In 2011, they spent €129 billion that had been obtained from member states and their taxpayers.
The Art Of Siphoning Off EU Money
Markets

Europe’s Manufacturing Downturn Is Only Getting Worse

[credit provider=”Wikimedia Commons” url=”http://commons.wikimedia.org/wiki/File:Physical_Map_of_Europe.jpg”] Markit just published the Euro area’s October manufacturing PMI reports as its stock markets open for Friday trading.The decline of the Spanish, Italian, and German manufacturing sectors accelerated in October.
Europe’s Manufacturing Downturn Is Only Getting Worse
Markets

SOROS: The EU Is Pushing Itself Further Into A Self-Created Depression

[credit provider=”George Soros via YouTube” url=”http://youtu.be/i2S9nPWwjX4″] NEW YORK, Oct 15 (Reuters) – There is a real danger that the “nightmare” euro crisis could destroy the European Union and Germany should either step up to fix it or step out of the currency union altogether, fund manager George Soros said on […]
SOROS: The EU Is Pushing Itself Further Into A Self-Created Depression
Markets

What Was The Real Meaning Of Merkel’s Trip To Greece?

[credit provider=”The Economist” url=”https://twitter.com/FGoria/status/233587326863937536/photo/1/large”] The hoopla in the media about German Chancellor Angela Merkel’s 6-hour stay in Greece, and the Greeks’ visceral reaction to her, made it look as if her visit actually meant something—that it would change the world for the better, would tweak it in some manner, or […]
What Was The Real Meaning Of Merkel’s Trip To Greece?
Markets

There’s Only One Way Forward For Europe, And This Isn’t It

[credit provider=”PhillipC | Flickr” url=”http://www.flickr.com/photos/flissphil/2061041095/sizes/z/in/photostream/”] As Groucho once put it: “I’ve had a perfectly wonderful evening, but this wasn’t it.”Vaclav Klaus is perhaps the only man out there I’ve seen so far who says the right things. Well, other than myself, that is. Chest thumping? I’m just worried, and increasingly […]
There’s Only One Way Forward For Europe, And This Isn’t It
News

Italy’s South Is Headed For Economic Meltdown

[credit provider=”www.imdb.com” url=”http://www.imdb.com/title/tt0079010/”] Italy’s blighted south is heading for social and economic meltdown as a result of job losses, a massive exodus of people and “industrial desertification”, according to an alarming new report.Unemployment in the “Mezzogiorno” is around 25pc compared with the national average of 10pc, according to Svimez, a […]
Italy’s South Is Headed For Economic Meltdown
Markets

Banks In Europe’s Worst Economies Continue To Bleed Money

[credit provider=”Ed Yardeni” url=”http://blog.yardeni.com/2012/09/euro-mess.html”] On July 26th, ECB President Mario Draghi promised to do “whatever it takes” to defend the euro. It may take a lot, especially to keep Spain in the euro zone. The latest data compiled from original central bank sources, show that non-performing Spanish bank loans rose […]
Banks In Europe’s Worst Economies Continue To Bleed Money
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