Posts Tagged ‘Angela Merkel’
Posted by Larry Doyle on January 31st, 2012 6:37 AM |
You do not need me to tell you that it can get mighty cold in Germany during the winter months.
Don’t you think many Germans would like a nice warm vacation in the Greek Isles when those winds are whipping through the cold, dark forests and industrial cities of Deutschland? Sounds nice, heh??
Think the Germans may bargain for discount vacations in Greece if not outright ownership of some prime beachfront real estate in the Greek Isles as potential compensation for bailing Greece out of its current fiscal mess?
I am speaking largely in jest…but not totally. Why so? Let’s navigate. (more…)
Tags: Angela Merkel, breakthrough to a new Europe, CDU, Christian Democrat Union, ECB, EU governance, Europe Tightens Fiscal Ties, European Central Bank, fiscal mess within the EU, German power, German power play, Germany flexes its muscle, Germany leverage over Greece, Germany taking charge within the EU, Germany Wants Greece to Give up Budget Controls, James Kostohryz, road to perdition through Berlin, Treaty of Berlin
Posted in Euro, European Central Bank, European Union, General | 5 Comments »
Posted by Larry Doyle on December 5th, 2011 6:44 PM |
Are we really supposed to believe the news released today that German Prime Minister Angela Merkel and French Prime Minister Nicolas Sarkozy favor a meaningful change in the Maastricht Treaty which serves as the basis for the European Union?
Seriously, how many times have we gone down this road hearing that the European heads of state and central bankers have struck a deal to save the EU and the euro?
Didn’t we just hear news of that sort merely a month ago, and now once again all eyes and ears are on the next major European summit to be held later this week? In typical, political fashion, the markets and ministers are front running the summit in an attempt to convey an air of equanimity while pretending that they are about to pull the proverbial rabbit out of the hat. (more…)
Tags: Angela Merkel, European Central Bank, future of Europe, future of the Euro, JP Morgan's Michael Cembalest, nicolas sarkozy, what will really happen in Europe
Posted in Euro, European Central Bank, European Union, General | 3 Comments »
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…)
Tags: Angela Merkel, Berlin Reichstag, EU, EU contagion, European bailout, European Central Bank, European contagion, future for the Euro, future of the EU, German power play within the EU, James Kostohryz, what will happen in Europe, will Germany bail out Europe, will Germany bail out the ECB
Posted in Euro, European Central Bank, European Union, General, Germany | 3 Comments »
Posted by Larry Doyle on November 12th, 2010 8:12 AM |
After three years of economic turmoil, why do I believe we are just now entering the second phase of a protracted economic drag here in the United States? While many economists and analysts would like to parse each and every bit of data that comes across the tape—that is what they do for a living—I believe we are better served to focus on the larger waves and currents at play across our global economic landscape. What do I see? A New World Order.
Do not think for a second that this reality does not have real long term implications for our economy and our people. I am not saying that there will not be enormous economic opportunities for individuals and businesses alike, but the skeletons in our American closet can only be hidden so long. Let’s navigate. (more…)
Tags: A New World Order, Americas economic skeletons, Angela Merkel, beggar-thy-neighbor, Ben Bernanke, Brazilian president Lula da Silva, Brazilian presidnet Lula, Canadian Prime Minister Stephen Harper, Chinese inflation, Chinese markets overnight, commodities inflation, crony capitalism, devaluation of dollar, emerging markets inflation, free trade agreement with South Korea, G-20 Summit in Seoul South Korea, global economy, Hu Jinatao and Barack Obama, inflation in China, inflation in emerging markets, Is the Fed independent, lack of credibility in United States, lack of trust between America and China, Larry Doyle, new world order, Obama rebuffed in Seoul, politicization of Ben Bernanke, politicization of Federal Reserve, quantitative easing impact, results of G-20 summit, skeletons in America's closet, sound external environment, the new world order, U. S. Wields Less Clout at Summit, U.S. economic house, value of Chinese renminbi, value of Chinese yuan, who is Lael Brainerd
Posted in General | 22 Comments »
Posted by Larry Doyle on May 17th, 2010 3:39 PM |
Does Michael Barnier, the European Union’s financial services commissioner, read Sense on Cents? If he doesn’t, he should. Why?
Today he touched upon an approach to dealing with credit derivatives which Sense on Cents made months ago. Bloomberg highlights, CDS Traders Face Disclosure Requirements in Europe,
Sovereign credit-default swap transactions face mandatory disclosure rules in the wake of the Greek debt crisis, the European Union’s financial services commissioner said today. (more…)
Tags: Angela Merkel, CDS, credit derivatives risk, Michel Barnier, michel petite, nicolas sarkozy, sovereign credit default swaps, sovereign credit derivatives, TRACE
Posted in Credit Derivative Swaps, General | 1 Comment »
Posted by Larry Doyle on February 23rd, 2010 11:15 AM |
$300 million is a lot of money.
Was it enough for the preeminent firm on Wall Street, Goldman Sachs, to risk its reputation? Apparently it was because that is the reported figure Goldman earned from transactions it structured and executed with the nation of Greece to help hide that nation’s fiscal woes. I do not discount that Goldman took risk in these transactions, but $300 million is a lot of money.
Believe me, every firm on Wall Street would sell its soul for a lot less than that. Goldman Sachs was not the only firm on Wall Street to enter into derivative transactions with Greece or other nations to cover declining fiscal positions. Goldman is merely the highest profile firm.
What does a firm like Goldman do now that it is being besieged by regulators, central bankers, and national leaders, primarily Angela Merkel of Germany, for structuring and executing these transactions? (more…)
Tags: Angela Merkel, European regulators, Gerald Corrigan, Goldman currency swaps with Greece, Goldman Heads Off Criticism, Goldman Sachs, Goldman sachs derivatives transactions with Greece a, Goldman Sachs disguised Greece's debts, Greece, Greece fiscal deficit, lack of transparency by Goldman Sachs, who is Gerald Corrigan
Posted in General, Goldman Sachs, Greece | 1 Comment »
Posted by Larry Doyle on March 1st, 2009 3:57 PM |
While our domestic stock markets are down approximately 50% over the last 14 months, there has been a rush of cash into short term money market funds, government bond funds, and in the last few months corporate bond funds and municipal bond funds. As I mentioned in my February 2009 Market Review, I am increasingly nervous about bond investments at this juncture. Why? I’m glad you asked.
1. Primarily due to the massive global government funding needs which are just starting to hit the market. In a recent piece, the highly regarded Financial Times projects global government debt issuance to TRIPLE in 2009.
German Prime Minister Angela Merkel is concerned about European countries looking to tap the markets on or near the same dates. She is proposing global coordination of debt issuance so as to insure that rates are not DRIVEN higher. (more…)
Tags: Angela Merkel, bond markets, cash, consumers, Economy, European Community, Financial Times, GDP, German bunds, Greece, Ireland< Portugal, Money Market Funds, municipalities, pension funds, sovereign credit risk, stock markets, Warren Buffet
Posted in American Consumers, Auto Industry, Commerce, Congress, Credit Card companies, Credit Risk, Deficit, Economy, Employment | 7 Comments »
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