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Posts Tagged ‘European contagion’

What Will Happen in Greece, Spain, and the EU?

Posted by Larry Doyle on May 22nd, 2012 5:47 AM |

I love listening to and reading the thoughts of well informed financial pros.

All eyes and ears are justifiably tuned in to developments in Greece, Spain, and throughout the EU. Will Greece leave the EU and precipitate runs on the bank in other European nations?  Let’s navigate and get the insights from industry insider, Michael Platt of Bluecrest Capital Management.

Platt has received significant attention in the marketplace recently as one of the traders on the other side of JP Morgan’s losing credit bet.  Having ‘harpooned’ JP Morgan’s London whale, Platt offers a wealth of valued perspectives on developments in Europe and on the situation at JP Morgan. He was interviewed recently on Bloomberg.   (more…)

Is Germany Preparing a European Power Play?

Posted by Larry Doyle on November 17th, 2011 10:36 AM |

What will be the end game for the European Union? Clearly the EU will not and cannot maintain the status quo.

With contagion clearly spreading throughout the EU and by extension the global economy, the stakes within the EU are raised almost on a daily basis. Where will this end up?

Who knows but what we do know is that the “road to perdition” or some form of “extended purgatory” will ultimately run not through Brussels, nor London, nor Paris, nor Athens, nor Rome but through the German capital of Berlin.

What are the Germans thinking? What might they have in store?  (more…)

Today’s Market Meltdown Is Due to Europe’s House of Cards

Posted by Larry Doyle on May 4th, 2010 10:33 AM |

Thanks to 12th Street Capital for bringing my attention to Europe’s Web of Debt highlighted the other day in The New York Times. The tangled web of interconnected liabilities is only exacerbated by exposures in the credit derivatives market. This situation is very similar to the interconnected Wall Street meltdown in 2008. Think of Greece as Bear Stearns and Spain as Lehman for example. (The image below is too large to fit in the allotted space on this site, so click on the image to view its entirety.)

Banks and governments in these five shaky economies owe each other many billions of euros — converted here to dollars — and have even larger debts to Britain, France and Germany. Arrow widths are proportional to debt amounts.

Today’s market meltdown is directly related to this tangled web.


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