Silver as an investment

Category Archives: Espana

Frontrunning: February 19

Here comes the replay of 2011 as China starts the counter-reflation moves: China Central Bank Reverses Cash Pump (WSJ) Security group suspects Chinese military is behind hacking attacks (Reuters) Iceland Foreshadows Death of Currencies Lost in Crisis (BBG) China Allows More Firms to Sell Mutual Funds to Bolster Market (BBG) Uncertainty looms for Italians (FT) […]

S&P Downgrades Spain To BBB- (Negative Outlook) As European Support Wanes

Just two weeks after Egan-Jones started the party, S&P has downgraded Spain to BBB- (with a negative outlook). As we discussed here when Egan Jones pushed all-in with Spain to CC, of course, Moody’s (Baa3 Neg) will likely follow shortly with Fitch (BBB Neg) deciding to avoid the office-raid and keep its French parents happy. […]

S&P Downgrades Spain To BBB- (Negative Outlook) As European Support Wanes

Just two weeks after Egan-Jones started the party, S&P has downgraded Spain to BBB- (with a negative outlook). As we discussed here when Egan Jones pushed all-in with Spain to CC, of course, Moody’s (Baa3 Neg) will likely follow shortly with Fitch (BBB Neg) deciding to avoid the office-raid and keep its French parents happy. […]

Ahead Of Major October Redemptions, Spanish Treasury Cash Slides To Two Year Low

A month ago, when we first presented the dwindling Spanish treasury cash position, we wrote: “once the next Spanish State Liability update is posted, we wouldn’t be surprised to see this number plunge to a new post-Lehman low. Yet what is scariest is that all else equal (and it never is), at the current run […]

Is Spain Running Out Of Cash?

Some hours ago Spain finally bit the bullet, and after months of waffling had no choice but to hand over €4.5 billion (the first of many such cash rescues) in the form of a bridge loan to insolvent Bankia, which last week reported staggering losses (translation: huge deposit outflows which have made the fudging of […]

Guest Post: The Big Swiss Faustian Bargain

Submitted by George Dorgan of SNBCHF blog, Differences between SNB, ECB and Fed Money Printing Explained Most recently Guggenheim Partners showed in their “Faustian Bargain of Central Banks”, also appeared in the FT, that the Fed could lose 200 billion US$, when inflation comes back again. Interest rates would increase by 100 basis points and the US central […]

Spain clashes video: Violence erupts as million-plus protest in 80 cities

Spanish police have clashed with protesters who marched against the latest batch of austerity measures. Over a million public employees, trade union members and fed-up citizens have taken to the streets in over 80 Spanish cities. Violence erupted in Madrid around midnight. Police used rubber bullets and tear gas to disperse the crowd as it […]

‘Madrid miner crackdown will fuel Spanish protests’

There have been clashes in Madrid as police cracked down on anti-austerity demonstrators marching across the city. Security forces fired rubber bullets at thousands of people, who walked out to support coal miners, angry at the loss of industry subsidies. That’s as the Prime Minister announced new cuts and tax hikes to save 65 billion […]

Fierce clashes in Madrid: Spanish police fire rubber bullets at miners protest

Riot police fired rubber bullets Wednesday at Spanish coal miners protesting in the streets of Madrid over subsidy cuts they fear will jeopardize their meager livelihood. READ MORE http://on.rt.com/3u9zgj RT LIVE http://rt.com/on-air Subscribe to RT! http://www.youtube.com/subscription_center?add_user=RussiaToday Like us on Facebook http://www.facebook.com/RTnews Follow us on Twitter http://twitter.com/RT_com Follow us on Google+ http://plus.google.com/b/102728491539958529040 RT (Russia Today) is […]

INTRODUCING: THe AMaZiNG ESPaNa MaN…

. Spidey is falling and fastHow long will this web-slinger last?Will new webs be foundBefore he hits ground?His time for salvation has passed! The Limerick King Brought to you by the people who brought you…   The Ben little pony is cuteA point that’s decidedly mootFor this pony’s badHis POMO are madHe’s constantly stealing our […]