I find your lack of faith disturbing
The ‘Greece’ section of the Bundesbank’s latest report on the German economy must be read to be believed (emphasis ours):Current developments in Greece are extremely worrying....
Drachma-tic equity
Coca-Cola Hellenic Bottling SA — a pretty unexciting play on the Eastern European soft drinks market. Volume growth a bit flat. Only eight per cent of profit is Hellenic....
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 –...
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...
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...
Greek funny money, redux
First it was John Dizard arguing that Greece could issue scrip and have this circulate as “money” during a funding stand-off with the Troika — without getting...
This is why Grexit fears might be overdone
We pointed out on Friday that a poll suggested Greeks were far from wanting out of the eurozone and would actually return to New Democracy in adequate numbers for a pro-bailout...
Greece – don’t call it a backtrack…
Real games of chicken are about fundamentally misaligned incentives.“I like to play poker…”So, at the weekend’s G8, Europe’s voice was heard, and it...
A Million SPX Put Contracts Traded Today…a Contrarian Timing Signal
With a half hour to go in today’s trading session, over one million put contracts have already been traded on the S&P 500 index, which is about 2 ½ times the average daily volume. This elevated put volume comes on top of 913,000 SPX put contract...
Greece: when the drugs run out
Beneath the political stasis — another sign of a sharp turn for the worse in Greece’s liquidity crisis.The country’s pharmacies are owed €500m by the state-backed...
A Look at the Pullbacks of the 2009-2012 Bull Market
At various times over the past three years, I have been posting a table that I call the VIX and More 2009-12 SPX Peak to Trough Pullback Summary, the most recent version of which can be found in a March post, Putting the Current 2.6% SPX Pullback in Re...
