Posts Tagged ‘Europe’
Yesterday’s market reaction to the news out of the EU could not have been a more perfect scenario for those searching for a ray of hope that the global economy might actually be able to move forward. News out of Brussels was that indeed a solution to the Euro debt crisis had been agreed upon, [...]
Today’s meeting of Euro zone Finance Ministers, bankers, and power brokers is intended to produce a solution to the debt crisis that plagues not only Europe but the global economy as well. While the immediate problem is Greece, the larger and more pressing problem is how do they prevent contagion to Spain and Italy.
While there [...]
Quotable
“Power-worship blurs political judgment because it leads, almost unavoidably, to the belief that present trends will continue. Whoever is winning at the moment will always seem to be invincible.”
George Orwell
Commentary & Analysis
The US needs to learn: forget Europe.
When I saw a headline after Jean Claude Trichet spoke after the ECB monetary policy decision yesterday, I [...]
Quotable
“There are three kinds of lies: lies, damned lies, and statistics.”
Disraeli
Commentary & Analysis
Europe and China: Readers speak
We are fortunate to have some very smart readers of Currency Currents. I learn much from them. JC, a reader of ours, nailed my sentiments toward trading in this market. He recent emailed us with [...]
Quotable
“Democracy is a form of worship. It is the worship of jackals by jackasses.”
H.L. Mencken
Commentary & Analysis
If China Saves Europe, then Who Saves China?
China’s real debt level appears to me much larger than anyone seems to know — even the Chinese. This kind of thing happens when you provide stimulus to your economy [...]
Well, TMM have been fairly quiet recently, since their opinions have not changed much and because waiting for resolution in Greece is like waiting for Godot. We still don’t love bonds as a long-term trade here, though the merits of a short term deflation trade are not lost on us, as we are also [...]
