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The Squeaky Wheel Gets the Grease

February 26, 2010
Pessimism pervades discussions of Europe today. Optimists are not to be found. Many warn that the entire economic and monetary union project is likely to falter over the large deficit and debt burden of the Mediterranean members.
We have written much about the sticky wicket Europe finds itself in today: moral hazard and lack of political will on o…
The Squeaky Wheel Gets the Grease The Squeaky Wheel Gets the Grease Reviewed by Marc Chandler on February 26, 2010 Rating: 5
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What I am Going to Worry About This Weekend

February 26, 2010
Perhaps it is because of the snow storm here on the East Coast of the US today; perhaps it is because of the weather may have played in a role in depressing some recent economic data, including consumer confidence, weekly initial jobless claims and some chain store sales, but it strikes me that the market has yet to take aboard the impact this on …
What I am Going to Worry About This Weekend What I am Going to Worry About This Weekend Reviewed by Marc Chandler on February 26, 2010 Rating: 5
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Greek Woes

February 25, 2010
One of the key drags on the euro remains the Greek situation. Greek 2-year yields are up roughly 75 bp on the day (US 2-year yield is near 82 bp and Germany's 2 year yield is near 93 bp). A key driver today appears to be a Market News International story revealing that a draft of a joint report by the EC, ECB and IMF find that the Greek budget…
Greek Woes Greek Woes Reviewed by Marc Chandler on February 25, 2010 Rating: 5
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G20 Deputies Meeting This Weekend in Korea

February 25, 2010
The G20 meet this weekend and it has drawn little attention thus far. South Korea heads up the G20 this year and this meeting of deputy finance ministers and deputy central bankers will be held in Incheon, South Korea Feb 27-28. This is the first G20 meeting of the year. The IMF and World Bank will also be represented. The foreign exchange market …
G20 Deputies Meeting This Weekend in Korea G20 Deputies Meeting This Weekend in Korea Reviewed by Marc Chandler on February 25, 2010 Rating: 5
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Swedish Risks

February 23, 2010
Many investments houses have been extremely bullish on the Swedish krona. Swedish shares have generally outperformed most European bourses thus far this year, with the exception of Switzerland. Swedish bonds have also fared fine, with 10-year yields falling 7 bp this year and at 3.21% is between the two pillars of the euro zone--Germany (3.16%) an…
Swedish Risks Swedish Risks Reviewed by Marc Chandler on February 23, 2010 Rating: 5
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