Another day, another deadline missed in Greece
What was Sunday’s deadline of 11 a.m. Monday for a decision by Greece’s warring political parties to accept the conditions required by the troika of the International Monetary Fund, the European Central Bank, and the European Commission before the country can get its next bundle of rescue cash passed without a decision. What we got instead was a decision to move the deadline to Tuesday.
Saturday Night (on Sunday) Quarterback 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...Did the groundhog predict six more weeks of rally? (How about four?)
Markets go up when money sitting on the sidelines changes its mind so the shift from bearish to bullish by big bank strategists is certainly a boost to the current rally. If bank strategists are now bullish when they were bearish, it’s a reason, in itself, to think that this rally will run for a while yet. But I think the sense that is creeping into the market that the bad days of high volatility are over is premature.
Bring on the bad news Banco Santander tells Spain’s other banks
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...The “agreement” from the European summit is singularly devoid of real progress–so why were European markets up today?
Maybe the crucial explanation for why European stock markets were up today, and Italian, Spanish, and Portuguese bond yields are down is speculation on the size of the next offer of three-year loans by the European Central Bank on February 29. Speculation now is that banks could take down even more money this time.
Show me the money! Nothing else much counts in Greek debt crisis now
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...Germany demands that Greece give up control of its national budget–is this the price that Greece won’t pay for a bailout?
Is this the big showdown? The moment when Germany and the other deficit hawks in the EuroZone finally pull the plug on Greece by making the price of more bailout money too high for the Greeks to pay?
Saturday Night Quarterback 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...Let the horse-trading begin: An agreement between Greece and its bondholders now only needs the IMF to sign on
Can Germany bribe—I mean—successfully negotiate with the International Monetary Fund to break the Greek debt stalemate? Negotiations remain bogged down on what interest rate the new bonds issued to replace existing Greek debt will carry.
Has the IMF run out of patience with Greece no matter what Greek bondholders decide?
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...Germany and France to propose relaxing Basel III rules–French banks would be biggest winners
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...Jim’s Stock Alerts
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