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The Euro Fiasco Suicide Formula (EFSF)
There is one simple rule for investors: avoid all things beginning with “Euro-“. Eurotunnel ended […]
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Mystery solved: ECB can’t afford the Greek barber shop
Whenever you come across a mystery in finance there always is an explanation. Like the […]
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Portugal: fiddler paid, music stops
While Greece is pretty forthcoming with its apocalyptic fiscal data, the same cannot be said […]
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The Greek (Ministry) Mystery of Finance
The Greek January – September budget deficit was EUR 19.16bn versus 16.65bn same period last […]
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The Fed, ZIRP and the French boomerang
Ben Bernanke promised to sit, like an elephant, on short-term interest rates for another two […]
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Bundesbank ready to pull the Euro’s ripcord
Something odd is happening. Germans are leaving the ECB. First Weber, then Stark. Why would […]
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How Dr. Ben Copperfield makes trillions disappear – twice
Fed Chairman Ben Bernanke is a magician. He can make trillions of debt disappear. Impossible? […]
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What a week
Looking at asset class performance during the week August 1-5, 2011: Horrible week for the […]
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Road Map to Ruin
Budget deficits in “good” times, build-up of government debt Few countries’ (GER, NED) exports […]
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Greece: Two Bail-outs and a Funeral
Here we go again. Another bail-out. [Sigh.] I’ll try to make this as entertaining and […]