Dylan Grice on sovereign comeuppance
Maybe all the Anglo-Saxon central banks have done is create the illusion that our sovereigns are more solvent than they are, and that our budget constraints are really a safe distance away....
And contagion is running wild…
Any vague “connection” to Europe is enough to get you hammered:That’s French Connection down 24 per cent. This is getting out of hand.(See here for the...
RoRo and the carry trade’s fight back
There have been rumours of the so-called carry trade’s demise knocking about for a little while now, but HSBC think it is staging a quiet comeback and taking a chunk out...
Further reading
Elsewhere on Thursday,- A skeptical Madison Avenue ahead of Facebook’s IPO.- Escaping the resource curse.- The shift from inflation targeting at the BoE.- Notes from...
What price a slowing population?
Making babies is fun and good for economic growth (sexing up a lede has never been so easy). Nomura has taken a shot at calculating just how significantly population changes can hit GDP....
Tis an ugly morning in euroland
The Greek fall-out continues with Spanish 10-year yields hitting 6.5 per cent, their highest level in almost six months:Italian 10-year paper breaching 6 per cent for the first...
Greek coalition talks fail and everybody hits the deck
Right… we *thought* everyone was pretty resigned to the attempted Greek coalition talks breaking down and elections being held again in June.But then these few flashes hit the wires…...
EM correlations, charted
Presenting… the Bermuda Triangle of emerging markets FX!Sort of. And one for emerging markets credit!Those are a couple of fun charts from Goldman Sachs analysts on Tuesday,...
Greece to pay: no default today
From Reuters:Greece will pay holders of a 430 million euro bond that matures on May 15, a government official said on Tuesday.“The bond will be paid,” the official,...
Greece to pay: no default today
From Reuters:Greece will pay holders of a 430 million euro bond that matures on May 15, a government official said on Tuesday.“The bond will be paid,” the official,...
A German GDP beat on a divergent morning [updated]
The German economy grew five times faster than expected in the first quarter of the year, jumping 0.5 per cent. Admittedly expectations were for only 0.1 per cent growth but still,...
