The Economic Consequences Of Greece
• zerohedge.comThe first sentence of the 1957 Treaty of Rome – the founding document of what would eventually become the European Union –
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The first sentence of the 1957 Treaty of Rome – the founding document of what would eventually become the European Union –
Based on Bloomberg data, Doral Bank is the 3rd largest (by assets) bank in Puerto Rico...or rather was.
Meter Maid Called In
IMF Calling the Shots? Colonel Cassad reports It Takes 44 Hryvnia to Buy a Dollar in Mariupol.
Actual Black Market Rates; Poroshenko Gives "Ultimatum" to Central Bank to Fix Exchange Rate
Riddle me this, Batman. I don't think I get it, and I definitely don't get why nobody is asking any questions.
Oil prices dumped (last night's major 8.9 million barrel inventory build from API), pumped (the Saudi minister claiming "demand is growing" -
Yesterday we summarized the most recent economic, political and social situation in Ukraine as follows:
"Greeks consider taxes as theft," which, among other things, explains, as WSJ reports, at the end of 2014, Greeks owed their government about €76 billion in unpaid taxes accrued over decades; the government says only €9 billion ....
Europe is going to begin both capital and border controls.
Back in 2013, The NSA was first exposed for secretly 'monitoring' the SWIFT payments flows.
With the world's oldest central bank - Sweden's Riksbank - taking the plunge into negative rates, there have been 19 'eases' by central banks this year, Morgan Stanley warns of "ghosts of the 1930s."
One week ago we reported that central bank purchases of gold in 2014 were the second highest in the past 50 years, driven by purchases out of Iraq, Kazakhstan and - most of all - Russia, with no offsetting selling.
For the last few years - and most especially the last few months - all eyes have been focused on Greece.
On Friday, Prime Minister Alexis Tsipras backed down on nearly every promise made to the Greek electorate except one, to stay on the euro. After so much tough rhetoric, the question is why?
Euro Soars After Greek Official Says Eurogroup Reaches Accord, Denied 8 Minutes Later, Then Reconfirmed
In the Minutes from the January FOMC meeting, the Federal Reserve addressed the financial situation, and noted that the increasing role of bond and loan mutual funds could pose a liquidity risk if everyone tries to get out of the market at the same t
David A. Stockman: Former Dir. of the US Office of Management and Budget (USOMB), Economic Policy Maker, Politician, Financier & Acclaimed Author
Today the eurogroup finance ministers rejected Syriza's request for a bridge loan to work things out.
Foreigners and the Fed hold large percentages of US. Treasury Bonds. What happens when foreigners reduce their need for U.S. dollars and the Fed ends QE?
Athen's proposal for bail-out extension are rejected by Germany setting two countries on a collision course before crunch talks tomorrow
In the midst of the dramatic showdown in Brussels between the new Greek government and its European creditors, many Greek depositors--spooked by the prospect of a Greek default or, worse, an exit from the euro zone and a possible return to the drach
Gary Shilling thinks the price of oil is going way lower.
Gary Shilling thinks the price of oil is going way lower.
At about $50 a barrel, crude oil prices are down by more than half from their June 2014 peak of $107. They may fall more, perhaps even as low as $10 to $20. Here's why.
Europe is going to begin both capital and border controls.
Back in 2013, The NSA was first exposed for secretly 'monitoring' the SWIFT payments flows. This appears to have been among the last straws for Russia (and others) as far as both NSA spying and dollar domination.
With the world's oldest central bank - Sweden's Riksbank - taking the plunge into negative rates, there have been 19 'eases' by central banks this year, Morgan Stanley warns of "ghosts of the 1930s."
One week ago we reported that central bank purchases of gold in 2014 were the second highest in the past 50 years, driven by purchases out of Iraq, Kazakhstan and - most of all - Russia, with no offsetting selling.
Those wondering if Draghi would be so bold as to precipitate a Greek bank run and funding crisis by yanking the country's Emergency Liquidity Assistance program, which as of two weeks ago was boosted to €65 billion, now have an answer.