November 7, 2012 | Daily JAM, Morning Briefing |
Today is one of those days when we’ve got a big stock market move in the United States—the Dow Jones Industrial Average is down 2.25% or nearly 300-points at 1 p.m. New York time—and two big potentially market-moving events–Obama’s re-election and a vote in Athens amidst a huge rally and sporadic violence on the newest austerity package. So what is the explanation for today’s market drop?
November 6, 2012 | Uncategorized |
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November 5, 2012 | Daily JAM, Morning Briefing |
Today, the Greek government has sent the 13.5 billion euro austerity package agreed to with the Troika representing the country’s rescuers to the parliament in Athens. It will move to a full vote in parliament on Wednesday. The odds are that the package will squeak by. Is that the end of parliamentary voting in Greece? Not a chance.
November 3, 2012 | Uncategorized |
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October 29, 2012 | Daily JAM |
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October 29, 2012 | Daily JAM |
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October 25, 2012 | Daily JAM, Morning Briefing |
On Wednesday Greece reached an agreement with the Troika of the International Monetary Fund, the European Commission, and the European Central Bank that should clear the way to approval by the EuroZone’s finance ministers on November 12 for Greece to receive the next 31.5 billion euro payment under the country’s rescue plan.
October 22, 2012 | Uncategorized |
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October 16, 2012 | Daily JAM, Videos |
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October 14, 2012 | Uncategorized |
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October 11, 2012 | Morning Briefing, Short Term |
Yesterday Standard and Poor’s cut its credit rating on Spanish government bonds by two grades to BBB-, just a single notch above junk. Could this finally force Spain to ask for a formal program of bond buying—with the loathed “conditions”—from the European Central Bank?
October 8, 2012 | Daily JAM, Mid Term |
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