Monthly Archives: September 2012

“Rajoice” -Mariano the saviour

Mariano Rajoy would have you believe he is the turnaround king, they predict ” a light recession” next year ……….Open you eyes señor you are in the middle of a “light” recession. Your youth unemployment is >50%, your property prices … Continue reading

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In the background

A good article here that shows just a glimpse of the real politik that went on behind the scenes after Mario Draghi announced to the world that ” he would do whatever necessary to save the euro.” Fierce opposition from … Continue reading

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The rain in Spain

Sometimes it does rain in Spain. The Spanish situation can be basically described as being caught between a rock and a hard place. Either way they turn the country is going to have to go through some deep fiscal and … Continue reading

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Trouble in paradise?

China and Japan are having a bit of argy bargy with each other at the moment over some pretty insignificant islands. To me it all seems like bravado and chest-puffing ahead of both countries regime changes. So show of strength … Continue reading

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Size matters?

Proving size doesn’t matter its how you use it that counts….Small banks can do  well when managed properly and with sensible risk controls. http://www.economist.com/node/21563305?fsrc=scn%2Ftw%2Fte%2Fpe%2FAmerasiaenvy

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Cliffhanger

Plenty of people have argued that Ben Bernanke has sold the US economy down the river by implementing ANOTHER round of QE as it leads to inflation and therefore hurts the economy even more and broadens the gap between rich … Continue reading

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COYBIG

Two bits of good news today for the motherland. The NTMA which is the Irish treasury managed to raise EU500MLN euros at a yield of 0.7% for a duration of 3 months (matures Dec17th). The bid to cover was powerful … Continue reading

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