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Act III: EU Stability=Vendor Financing
The financial implosion in Europe reached a new chapter this week with both China and Japan stepping forward to buy bonds from EU or EU rescue funds. The exporter markets have showed up with cash in...
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Belgium: The Dark Horse of Europe
The EU is under attack from a small army of well-dressed professionals that are within the EU itself. They are a response to the actions taken by past & present governments of the Sovereign states...
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European rescue fund needs rescuing
The leaders of Europe appear to be ready to announce a increase of the European stability and rescue fund in the coming hours or days. While not surprising, it is mildly amusing to watch this unfold...
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Slovakia hates being in a Greek Tragedy
The European Union has become its own worst enemy. By design, there is no real leadership at the top of the structure. This is now undermining the unity of the Union, when it needs it most. The US has...
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Fianna Fáiled: Ireland Prints 25% of its GDP in German Euro’s
The Celtic Tiger has been on the economic ropes since the crash of 2008. In the first hours of the crisis, the US Federal Reserve provided emergency funding to Irish banks, pouring 10’s of Billions of...
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Ireland’s Titanic Bailout at Risk, Iceland looms ahead
The announcement by Brian Cowen that he was resigning as the leader of the Fianna Fail party, but is going to stay on as Taoiseach (Prime Minister) until the March 11 election, has put the Irish...
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The World needs a new Louvre Accord.
The US dollar, as the world’s reserve currency, has a very important role in the exchange of value between nations. It is currently estimated that 70% of all global trade is transacted in US Dollars....
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SPX 50 points is the new 50 cents
The market has turned into a headless wonder, as it moves up or down by what used to be called 50 big points, but is now just 50 cents. The market dropped huge on Monday, bounced up big on Tuesday,...
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The Euro Grease in Greece
The strategy of using the Irish Central Bank to provide emergency equity injections via electronic printing for its under capitalized banks, has been replicated in Greece this last week, with the...
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An End Game in Europe is Arriving
However, it will be born in the US and caused by risk managers in NYC or Chicago or even Charlotte, North Carolina. Who have most likely ran a series of Monte Carlo scenarios and have decided to be...
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