The pressure increases on Greece today
The most effective pressure looks to be coming from Greek savers who withdrew 4.9 billion euros from Greek banks in April and probably more in May. Deposits last week dropped below 130 billion euros, down from 150 billion in 2112
Saturday Night Quarterback (on a Sunday) says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A strong jobs report for May raises odds (again) on a September interest rate increase
In May the U.S. economy added a net 280,000 jobs. That was up from a revised 223,000 jobs added in April and above the average monthly gain of 251,000 jobs over the last 12 months
Slower economic growth for U.S. and world in 2015, OECD and IMF both predict
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Constructive chaos in the Greek debt crisis?
Despite the chaos I’m more optimistic on a deal to release the 7.2 billion euro extension. I just hope that everybody realizes that projections say Greece will need 30 billion euros more by September
Greek crisis talks end for the day on June 3 with two big issues still unresolved
There’s been some progress on taxes. But there’s been almost no movement on pensions with creditors—the International Monetary Fund, the European Commission, and the European Central Bank—holding to their position that the system isn’t sustainable without cuts to benefits.
Could the current bond market retreat get really serious?
Wall Street is starting to express concern. The yield on the 10-year U.S. Treasury bond rose to 2.37% today. A month ago the 10-year Treasury showed a yield of 2.04%
It’s too early to buy most of the farm sector but not for Mosaic
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...No more negotiations? Greece and its creditors seem determined to force a game of chicken
There’s certainly no negotiating going on in the Greek debt crisis. Greece submitted its final proposal last night—before seeing a proposal from its creditors. Those creditors submitted their own proposal this afternoon.