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Are politicians signaling imminent debt restructuring?
Now things get interesting. If you listen carefully, politicians and central bankers suddenly seem to […]
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Trading olives and feta cheese for submarines is a losing proposition
Greek 10-year government bond yields, after having graced 8.73% merely a good week ago, are […]
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Why the Fed is fighting deflation tooth and nail
Economics class is in session! Let’s have a look on the impact of inflation and […]
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Gold takes a breather – US Mint to sell some Eagles
First serious setback in the gold price since quite some time (from a record-high $1,363 […]
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Chinese PM Wen bathes in 290 tonnes of olive oil while buying Greek bonds
My favorite pinata (http://www.youtube.com/watch?v=wi3semJPQzk), Greece, has received some help from China. On a visit to […]
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Ireland might be downgraded again; Euro strength hurts
Moody’s warned it may cut Ireland’s credit rating again as the country has to foot […]
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In God we trust
Sometimes I get accused of having “religious beliefs” in gold. Why is gold so valuable […]
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Ireland’s bank bail-out cost reaches EUR 50bn; bond sales suspended
Irish Prime Minister Brian Cowen just announced the government decided to cancel all bond auctions […]
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Ireland’s solvency now ranked between Pakistan and Ukraine
Ireland is now right between Ukraine and Pakistan when it comes to likelihood of default […]
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Former German FinMin says Greece will default
From an interview (9/14/2010) with German magazine “Der Spiegel” former German Finance Minister Peer Steinbrueck […]
Category: Central Banks
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