Italian deficit narrows in third quarter

Now that Japan has an open door to buy euro to ‘help out’ the region’s finances, and the ECB’s funding terms and conditions forcing deflationary austerity measures that continue to bring euro zone deficits down, I’m itching to buy the euro vs the yen. At some point, however, and maybe as soon as q3 this […]

CNBC article quoted me today

I got a nice mention in a CNBC article today: Why Portugal Downgrade Didn’t Slam Stocks By Antonia Oprita July 13 (CNBC) — Investors do not see Portugal’s rating downgrade by Moody’s as an event that will shake the markets, but it confirms the fact that the outlook for some economies in the euro zone […]

ECB’s Trichet Says European Economy Showing ‘Encouraging’ Signs

The ECB has ‘written the check’ by buying national govt bonds in the secondary market in sufficient size to allow the national govs to fund themselves, and equities are coming back as solvency fears abate. There is still solvency risk, but now that risk is the risk of the ECB cutting off any nation in […]