Silver as an investment

Category Archives: Greece

Schaeuble Warns US Pullback Could “End Our Liberal World Order”

Less than a month after German Chancellor Angela Merkel warned that “Europe must take its fate into its own hands,” Finance Minister Wolfgang Schaeuble implored US President Donald Trump to reconsider his “America First” policy, claiming that a pullback by the US would risk the destruction of “our liberal world order” by ceding influence to […]

Bill Blain Flips Out: “Not Much Surprises Me Any More About Markets, But Really? Really!?”

On Monday morning, we reported that in a stunning development, chronic defaulter Argentina – which just one year ago emerged from its latest bankruptcy – has found enough willing greater fools to sell 100-year bonds to. One person who especially stunned, was Mint’s Bill Blain, who issued an entire note describing his disgust with what […]

EU Agrees To Bailout Greece Once Again

As expected by most (if not all, judging by the 8 year lows in Greek bond yields), European finance ministers have reportedly reached an agreement to bail out Greece once again (provide them with yet another EUR8.5 billion loan), and agreed to discuss the possibility of debt extensions. Blomberg reports that Euro area finance ministers […]

Global Stocks Slide On Trump Probe Report, Fed Indigestion

Is it going to be another May 17, when US stocks tumbled as concerns of a Trump impeachment over obstruction of justice and impeachment surged ahead of Comey’s tetimony? Overnight, S&P500 futures accelerated their decline following yesterday’s WaPo report that Special Counsel Mueller has launched a probe into potential obstruction of justice by Trump… … […]

EU Sues Poland, Hungary And Czech Republic For Refusing To Accept Refugees

The European Commission has launched a legal case against Poland, Hungary and the Czech Republic, for refusing to take in asylum seekers, escalating a bitter feud within the 28-nation bloc about how to deal with the Pandora’s box opened up Angela Merkel’s 2015 “Open Door” policy (since shut). The reason for Brussels’ ire is that […]

ECB Preview: “Will He, Or Won’t He”, And Now To Trade The Announcement

Will he, or won’t he? Tomorrow was supposed to be the ECB meeting when Mario Draghi unveils the “guidance switch”, hinting if not at the (eventual) interest rate increase then at least a small step toward a QE exit. And then today’s Bloomberg trial balloon hit. As reported earlier, a Bloomberg “sources” story suggested that […]

NATO Recoils From Trump Spending Salvos

Authored by Finian Cunningham via The Strategic Culture Foundation, When US President Donald Trump addressed the opening of the NATO summit last week, it was an embarrassing display of American bullying. As Trump lectured the other leaders of the military alliance about laggardly financial commitments, there was much shuffling of feet and grimacing of faces. […]

“Precarious” Debt Crisis “Could Reverberate Around The World”

Authored by Dambisa Moyo, published op-ed by The FT, Virtually every class of US debt — sovereign, corporate, unsecured household/personal, auto loans and student debt — is at record highs. Americans now owe $1tn in credit card debt, and a roughly equivalent amount of student loans and auto­loans which, like the subprime mortgage quality that […]

Greek, Italian Risks Weigh On European, Global Markets; Oil, Gold Slide

Tuesday’s session started off on the back foot, with the Euro first sliding on Draghi’s dovish comments before Europarliament on Monday where he signaled no imminent change to ECB’s forward guidance coupled with a Bild report late on Monday according to which Greece was prepared to forego its next debt payment if not relief is […]

Kushner Role In White House Suddenly Unclear; May “Return To Private Life”

In the first segment of Friday night’s “Trump bombshell” report published almost at the same time by Reuters and the WSJ, anonymous sources reported that Trump is preparing a “war room” upon his Saturday return from Europe, to “combat negative reports and mounting questions about communication between Russia.” We did point out some discrepancies: on […]