Peter Tchir

CDS Implied Probability of Default – Be Careful

CDS Implied Probability of Default – Be Careful

Unless something changes in the next 24 hours, I expect we will hear more and more talk about default, not only of Greece but of other countries and of banks.

 Peter Tchir

Nunca será buen momento para que Grecia quiebre

Nunca será buen momento para que Grecia quiebre

Tenemos que admitir de una vez que esto es una gangrena. Si seguimos esperando, puede que no sea posible salvar al paciente.

 Yanis Varoufakis

Por qué Alemania no está usando todo su poder para salvar el euro

Por qué Alemania no está usando todo su poder para salvar el euro

La tragedia de Europa es que quienes tienen el poder para rediseñarla (y, por ende, resolver sus problemas) perderían una enorme capacidad negociadora dentro de la eurozona si lo hacen.

 John Browne

Big European Leaders Flex Muscle

Big European Leaders Flex Muscle

The activism of Merkel and Sarkozy should come as no surprise. French and German banks are the largest holders of Greek debt.

 Luis Martín

Grecia: hay vida después del euro

Grecia: hay vida después del euro

El gobierno griego debe encontrase definiendo la hoja de ruta para dar el primer paso hacia la vida después del euro.

 Jeff Harding

Greece, The Eurozone, Uncertainty = Nervous Markets

Greece, The Eurozone, Uncertainty = Nervous Markets

The market is betting that Greece will default –soon.

 Jeff Harding

El déficit griego se dispara (el rescate peligra)

El déficit griego se dispara (el rescate peligra)

Cada vez es más obvio que el rescate griego no funcionará y que el país heleno suspenderá pagos.

 Jeff Harding

The Euro 1999 – 2012 R.I.P.

The Euro 1999 – 2012 R.I.P.

A bailout of Italy would cost the EU another €500 or €600 billion. Spain would be another €300 billion. Why would Germany and France want to do that?

 Paul Brodsky

Brace Yourself

Brace Yourself

The bad news for investors pursuing positive real returns is obvious: the first half of 2011 was painful. The good news is that a set of conditions now exist that we think sets the stage for meaningful structural change… and it may occur soon.

 Michael Pento

Clear Sailing?

Clear Sailing?

I’m sorry to say that the European debt crisis is just beginning.

 Michael Hudson

Whither Greece

Whither Greece

One must conclude that the EU’s new central planners are acting as class warriors by demanding that all losses are to be suffered by economies imposing debt deflation and permitting creditors to grab assets… If Greece does not draw a line here, it will be a victory for financial and fiscal aggression imposing debt peonage.

 Jeff Harding

Greece Is Europe: The Failure Of The Euro (Part II)

Greece Is Europe: The Failure Of The Euro (Part II)

There are two ways out of this mess: default or monetary inflation.