It has been back to back meetings in London this week so apologies for the radio silence during these tumultuous times. There are so many things to discuss I'm not sure where to begin: US growth upgrades from the econ mob, huge positive US fiscal stimulus surprises,...
The tangled web of geopolitics in markets gets more complex by the day. Yesterday, unnamed US officials piped up about adding additional funding to the EFSF. Why in the world would the US want to bail out peripheral Europe? Aren't the Americans supposed to be done...
Europe is going through an exercise in self-destruction. The Fed is buying 600b in Treasuries. And North Korea is vowing a “physical response” to US-South Korean military drills off its coast. If these events could not get the Treasury market to rally then what...
In the last 24 hours I have had conversations with a wide array of non-English European folks. Many I have known in the markets for 15 to 20 years. The common theme in all of the conversations, even the senior policy makers, was the acquiescent nature of the...
Let’s start with a few fun quotes from the weekend: Wolfganf Munchau – “The eurozone is maneuvering itself into a position where it confronts the choice between two alternatives considered “unimaginable”: fiscal union or break-up” Wolfgang Schaeuble - “We are not just...
Let’s start with a few fun quotes from the weekend: Wolfganf Munchau – “The eurozone is maneuvering itself into a position where it confronts the choice between two alternatives considered “unimaginable”: fiscal union or break-up” Wolfgang Schaeuble - “We are not just defending a member state but our common currency” Brian Lucey, associate professor of […]
