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Recent stories for "Sovereign debt crisis"
The risk free carry, part II : Money for nothing and the bonds for free ?
Earlier this week, we mentioned the rally on high yield European short term government bonds in anticipation of Wednesday's ECB LTRO auctioning (Long Term Refinancing Operation). Markets had expected something in the range of 300-400 bio EUR. The final result was 489 bio EUR spread over 523 bidders, on average almost 1 bio EUR per ...
EMU : Roll the dice & stacks of High Society
Today the kick-off of probably thé most important meeting in the history of the single currency so far. Its survival is at stake and the players are bound to sit around the table to have a final shoot out. So pretty soon "Rien ne va plus" and all bets are made. Let's have a game ourselves and throw dices. In this simple game with ...
(Don't) Cry Wolf
Cry wolf or false alarm. Or the so-called "cry wolf effect" : if you regularly repeat false alarm, how long will it take before your warning loses all credibility ? The last couple of months, we had all sorts of cry-wolf reports coming from doom specialists and various broker reports. It usually refers to the USD, gold mania or ...
Taleb's Elephant and the Belgian Budget
Today I overheard a would-be minister of our next government expressing concern about our budget. And it seems that if it's up to him, a budget control will be executed on a quarterly basis to check whether we are still on track. Well that would just be great, wouldn't it ? next ?No. When hearing these words, I had 3 automatic ...
EEE : Crisis update & Echoes from Brussels
At the Econopolis Economic Encounters on 28/11, we had the pleasure to have Nouriel Roubini - Dr Doom & Gloom - and Ivan Van De Cloot, Chief Economist of Thinktank Itinera. Both were asked to pinpoint the state of play of the current financial crisis, their short & long term expectations and recommendations on the way forward. Dr ...
Politics & the university calendar
When you decide to take a higher education - eg university, college etc- you usually will be subjected to a mass of knowledge to digest. But most college systems most of the time are fair, to the extent that you can spread exams or that you will be able to receive a second chance :1) January - April : a partial exam, a chance to ...
Pick 1 out of 3
So we finally came to an agreement and every one seems to be a winner. And that's how we are selling the story to the outside world, hoping they will buy it. Because that's all in the end that matters. I think we have 3 possible outcomes of which 2 out of 3 won't do the trick and 1 has the potential to trigger some "hup hup, barba ...
Kabuki
In our previous posting, we mentioned that not a lot of safe havens still exit in the world of today. Which sovereign bond can I trust, what kind of monetary system will be there the day after tomorrow etc. Recently we have seen some strange developments occurring in financial markets, confirmed by international investors net in- ...
US Real Politik - Boomerang Part I
Politics and adapting to the new normal, it seems a bridge too far for many amongst us. And it's not restricted to Europe with its more than fair share of anglo-saxon media attention and frequent abuse. Pretty soon, it's back to Uncle Sam.During the silly season of 2011, we have witnessed a tough battle between bi-partizan ...
"Old Belgium is dying"
"The best argument against democracy is a 5 minute conversation with the average voter" Sir Winston Churchill, you love or hate him. Smoking cigars and gallons of whiskey. But Winston was there in times of ultimate despair. And Winston brought home the Nobel as well (1953, ...
















