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Gold reaches new all-time high
Gold reached a new all-time high on Tuesday. Two broker reports were speculating about the […]
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Greece: “oops I did it again” – but only for 6 months
On Tuesday Greece sold 26 week bills with a yield of 4.82% (vs 4.65% in […]
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Greece still imports EUR 3 for every EUR 1 it exports
As John Mauldin (http://www.frontlinethoughts.com/) thankfully points out in his latest newsletter Greece still imports three […]
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Deutsche Bank increases capital by 50% as Basel III rules announced
On Sunday, G-10 Governors and Heads of Supervision (GHOS) reached an agreement on new guidelines […]
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We have no clue about what is going to hit us next
Google trends on the Greek crisis: 12 months ago nobody cared. Then, suddenly, it’s on […]
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A deeper look at the EUR 80bn Greek bail-out treaty
The EUR 80bn bail-out treaty from Greece (42 pages) is an interesting read. Among the […]
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Never get a mortgage in a different currency than your income
Poor Hungarian souls who financed their house with Swiss Franc mortgages before the financial crisis […]
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European Periphery on Fire
Greek 10yr yields surge to 11.71% (from 11.35% a week ago) after reports of EUR […]
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Pre-Labor Day stock market bounce not convincing
Last week’s 6% bounce in the S&P 500 index was not convincing. There was no […]