The vote has passed and it looks as though "da dip" in risk assets is being bought!! It certainly has been tough to hang with a long term rosy view in June, but for those that were able to remain committed, and buy in the face of adversity, the rewards have been...
As we wait and watch for the Greek decision on Wednesday, there is really not much more to say on Europe - the event is digital. And while a catastrophic “no” vote remains highly unlikely (who would have cast a vote of confidence last week, only to vote against the...
Tartarus was both a primordial god and a place from ancient Greek mythology. It was an abyss, below Hades, where souls were tortured - an infernal underworld of eternal pain and despair. As for location, it was no doubt much closer to the European side of the globe...
The Germans did not force a Greek credit event, and the Greeks did not vote to reject the 12 billion Euros on offer. The next step is for the Greeks to accept the fiscal austerity package, something that the 155 MPs who voted "yes" last night will almost surely do at...
The short term price action in all global capital markets is 99.9 percent about Greece. Last week the Germans ceded and granted a stay of execution for the global banking system. We caught a glimpse of what the beginning of a relief trade might look like with 10s...
Watching German and French politicians take the global banking system to the edge of the abyss - less than 3 years after it was done by US politicians - is painful. We all understand these guys need votes while their coalitions are falling to pieces. And in order to...
Watching German and French politicians take the global banking system to the edge of the abyss - less than 3 years after it was done by US politicians - is painful. We all understand these guys need votes while their coalitions are falling to pieces. And in order to get the votes and stay in […]
