Category Archives: Greek Financial Crisis

Should Japan intervene to weaken her currency? And the implications of Ireland’s credit downgrade

Markets were braced yesterday for data on US housing sales from the National Association of Realtors. These turned out to be worse than the recently revised lower expectations for them and in July they fell by 27.7% on a monthly … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, Japan's Economic Situation | 9 Comments

Greece’s economics statistics disappoint whilst Germany booms, more economic divergence in the Euro Zone

Yesterday was a day where markets tried to settle down after the excitement of the day before which saw some large moves. Some of these are settling down a little for example the exchange rate between the Euro and the … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 16 Comments

Portugal Ireland and Spains’s government bonds improve but not Greece’s

Today will see some economic figures which will give us more information on the current state of the US economy as we will receive the first estimate of Gross Domestic Product in the 2nd quarter of 2010. Whilst there is … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 3 Comments

The failure of the European bank stress tests: Officialdom and “thought-bubbles”

Last week was one which was full of new information for financial markets. Some of it of course was rather regurgitated as the Chairman of America’s Federal Reserve gave a speech to Congress which in the main repeated issues discussed … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, UK Inflation Prospects and Issues | 6 Comments

Spain,Ireland and Greece’s governments issue new debt and are we becoming slaves to the short -term?

Yesterday was a day which saw quite a turn-around in American equity markets. After opening up to 130 points lower after much poorer than expected figures from the Vampire Squid (Goldman Sachs) the Dow Jones Industrial Average rose 73 points. … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 5 Comments

The IMF and EU suspend talks with Hungary and Ireland gets downgraded by Moodys

One factor which has been troubling investors for a while, namely the state of the US recovery returned to haunt equity market investors on Friday afternoon. After another set of weak economic figures the Dow Jones Industrial Average fell 261 points … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 8 Comments

Greek Public Finances improve substantially in 2010: can we believe it?

Yesterday drifted along for much of it with no great news and no great direction to financial markets but tucked away in the report from the June Minutes of the Federal Reserve’s (America’s Central Bank) was this phrase. “Members noted that … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 5 Comments

Portugal gets downgraded and Greece issues some Treasury Bills

I am pleased that I said yesterday that summer lulls in equity markets can be misleading and quickly reversed. The good figures from Alcoa (followed later by Intel the chip manufacturer) gave us triple-digit gains for equity indices around the … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis, UK Inflation Prospects and Issues | 9 Comments

UK Inflation disappoints again in June

Yesterday in financial markets was a slow day in some respects. Equity markets appear to have calmed down for now and perhaps an element of a mid-summer lull has hit us, although I have learnt in the past that such … Read More

Posted in General Economics, Greek Financial Crisis, UK Inflation Prospects and Issues | 21 Comments

Greek Treasury Bill issuance plans look unwise and problems for the European Central Bank

After the announcement by the Conference Board that it had miscalculated its leading indicator index for the Chinese economy and revised the figures as I discussed yesterday one might have expected some disappointment from markets. After all one of the … Read More

Posted in Euro zone Crisis, General Economics, Greek Financial Crisis | 7 Comments
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