November 8, 2011 | Daily JAM, Morning Briefing |
Let me explain how a victory in today’s vote in Italy’s Parliament to approve a budget report is actually a defeat for the government of Prime Minister Silvio Berlusconi and edges him one step nearer to the door.
November 6, 2011 | Daily JAM, Morning Briefing |
Greek Prime Minister George Papandreou announces an agreement with the opposition New Democracy Party—normally the material for a rally–but overnight the euro still falls against the dollar and the yen and Asian stocks slide on worry over a key parliamentary vote in Italy on Monday.
November 3, 2011 | Mid Term |
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November 3, 2011 | Daily JAM |
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November 3, 2011 | Morning Briefing |
Just when everybody assumed that the European Central Bank would do nothing, the bank cut interest rates by 0.25 percentage points at new President Mario Draghi’s first meeting today. The cut brings the bank’s benchmark interest rate down to 1.25%.
November 2, 2011 | Uncategorized |
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November 1, 2011 | Daily JAM, Short Term |
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November 1, 2011 | Daily JAM, Morning Briefing |
A plateful of bad news this morning is topped with a shocking decision by Greek Prime Minister George Papandreou to call for a vote of confidence on the euro debt deal in the Greek Parliament on November 4 to be followed by a national referendum
November 1, 2011 | Uncategorized |
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October 31, 2011 | Daily JAM, Stock Alerts |
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October 31, 2011 | Uncategorized |
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October 31, 2011 | Daily JAM, Morning Briefing |
The market is selling off because European banks won’t be raising much new capital, because the Italy refuses to take reform seriously, because a leveraged European Financial Stability Facility isn’t big enough, and because stocks were up so much last week.
