The changing face of finance
All eyes are on Mario Draghi once again, who is holding an ECB meeting in Brussels today. That once thing both Draghi and the rest of the world are waiting for is Spain‘s formal request for a bailout...
View ArticleUS closed for business, Dutch form government
The US is closed until further notice until ‘Sandy’ has blown over. The last time Wall Street closed due to weather conditions, was in 1985 for hurricane Gloria. The decision was based on low expected...
View ArticleMore stimulus for Japan, more consolidation for Europe (ex-Turkey)
Japan isn’t messing around. Today, the government announced a new stimulus package of almost double the size of the last one in October. With JPY880.3bn ($10.74bn), Japan is now living off all its...
View ArticleEurozone crisis: Just grow out of it, stupid!
After yesterday’s news of the shrinking German economy, Spanish PM Mariano Rajoy called on all those country’s who aren’t Spain, Portugal, Ireland, Greece, Cyrpus, really also Italy and maybe not even...
View ArticleReturn to the headlines, Iceland and Ireland don’t want to pay
Like the ghost from Christmas past, Iceland and Ireland are making headlines again, both on the topic of not repaying their debts. Iceland, which held a referendum concerning the repayment of bailout...
View ArticleJobs Friday and Barclays latest disaster
Before 1.30pm (8.30am EST): After Wednesday’s announcement of the shrinking US economy, today’s jobs report gained in importance. Forecasted is a flat unemployment rate at 7.8% with a 11,000 more jobs...
View ArticleItalian elections – Berlusconi with a vengeance
Italy is left in limbo without a conclusive election result, probably another round of elections looming, preceded by an embarrassing attempt by [presumably] Pier Luigi Bersani to form a coalition, and...
View ArticleCypriot capital controls, EU templates and Japanese QE
Yesterday… Cyprus‘ President Nicos Anastasiades announced that the country’s banks are going to stay closed until Thursday (again: which Thursday…) and that capital controls will be put in place until...
View ArticleUS budget deficit decreases; ECB rate cut likely
Yesterday… The IMF warned of the Asian bubble, saying too much FDI was leading to explosive credit growth and property prices, and it was to get even worse if Japan’s monetary policy was to have the...
View ArticleUS payrolls estimate up; Twitter IPO rumors back
Yesterday… the ECB shook up Europe for a moment, with government debt yields falling to new lows under the soothing sound of disgruntled murmuring Germans. The ECB is ready for more [again], it says,...
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