That US fiscal cliff hangs over a pile of recessionary rocks below
The fiscal cliff and “Taxmageddon” are terms for what might happen at the end of this year, when various US tax cuts and benefits expire, and the automatic “sequestration”...
The Closer
ROUND-UP “After a strong session for global equities, the mood turned sour again as fears over Greece’s potential exit from the euro region mounted after the country’s...
Tourist-trapped, in the Greek bailout
Or the Greek-German relationship, told through tourism.I ask Germans to choose Greece for their summer holidays.That’s Alexis Tsipras speaking to reporters in Berlin on Tuesday –...
Greenshoes, Facebook phantoms and ETF magic
Successful or not, Facebook’s IPO has taught us one very important thing over the last two days.The blogosphere/Twittersphere knows extremely little about greenshoe IPO mechanics....
Eurozone exposures charted (a.k.a. Malta’s sorrow)
The little guy always gets ignored, as these charts from Nomura’s Jens Nordvig and Dimitris Drakopoulos show:What stands out is how poor Malta’s vulnerability...
Oh Schatz! No coupon
This. Is. Marktverwerfung:That’s a 0.00 per cent coupon on €5bn of two-year German debt to be sold this Wednesday.Marktverwerfung – market dislocation –...
Pershing Square’s presentation on JC Penney
Hat tip to Dan McCrum for passing along. Ackman’s bullishness on JC Penney is mostly about CEO Ron Johnson and his new management team, but there’s a lot in here on pricing models,...
ELA, a life in the public eye
Finally, we have seriously reiterated our request to take advantage of a direct financing line from the Greek Central Bank, via the ELA (emergency liquidity assistance), the public...
ELA, a life in the public eye
Finally, we have seriously reiterated our request to take advantage of a direct financing line from the Greek Central Bank, via the ELA (emergency liquidity assistance), the public...
A formula to end the dollar’s reserve currency domination
One reserve currency to rule them all.But does it need to be this way? Or is it indeed possible to have two, or even several such currencies? Or to get straight to the heart of it:...
A formula to end the dollar’s reserve currency domination
One reserve currency to rule them all.But does it need to be this way? Or is it indeed possible to have two, or even several such currencies? Or to get straight to the heart of it:...
