No deal on Greek debt until…
Today’s meeting of EuroZone finance minsters is likely to end without a deal on unlocking further loans for Greece. The most that might be achieved now looks to be an agreement to send bailout auditors back to Athens next week. In fact there seems to be no big rush to get a deal done
Notes You Need for February 17: stock fund cash flows, raining on natural gas, dollar moves up, student debt, rig count
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Can the EuroZone kick its debt problem down the road again? To where?
We’ve now got very clear evidence that the bailouts plus austerity solutions haven’t worked in Greece. Since the summer of 2012 Greek government debt has climbed to 183% of GDP from 159%. The economic austerity program imposed on Greece as the price for the bailout has caused the economy to contract. Rather than growing its way out of the debt crisis, the Greek economy has shrunk its way deeper into the hole.
House of Commons passes government’s Brexit bill without a single amendment
The vote in the House of Commons on the government’s bill to take the United Kingdom out of the European Union wasn’t even close at 494 to 122. And the result puts Prime Minister Theresa May on schedule to meet her self-imposed deadline to trigger Article 50 by the end of March
More trouble ahead for the euro in Dutch and French elections
So far the euro is hanging tough and the French financial markets are doing better than I expected. But I think that’s likely to change in the next four to six weeks after the March 15 elections in the Netherlands
Greek default crisis again? IMF threatens to pull out of bailout package unless EU writes down debt
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...Growth picks up in EuroZone and Japan–does this change market assumptions on the U.S. dollar?
Data released yesterday on growth in the EuroZone and Japan–coming after disappointing U.S. growth reported last week–certainly raise the question of whether the United States is quite as far ahead of the rest of the world’s developed economies as current market thinking believes
Notes You Need for January 31: Macau gaming, APC, oil shale, biotech, drug stocks,dollar,euro, SBUX
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...Notes You Need for January 23: oil rig count, 10-year yields, smartphone payments in India, BABA, London and Brexit
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...ECB stands pat on stimulus and rates; Draghi urges German patience
Confronted with German criticism of the asset buying stimulus program at the European Central Bank and German fears of resurgent inflation, bank president Mario Draghi advised patience today. “As the recovery will firm up, rates will go up as well,” Draghi told reporters after today’s meeting of the central bank’s board of governors.
Notes You Need for January 5: dollar, euro, oil inventories, natural gas, ISM services index, GDP, SHAK, INCY
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