Why Cyprus Matters (And The ECB Knows It)
Via Mark J. Grant, author of Out of the Box,WHEN THE RED QUEEN IS AFTER YOUR HEADWhen Zig turns to Zag and the Red Queen is after your head then extraordinary care is necessitated. To quote Holmes,...
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What If Cyprus Left The Euro
As we recently discussed, many euroskeptics are pushing Cypriot lawmakers to default, devalue, and decouple from the Euro - understanding that the short-term pain of such a move will lead to much more...
View ArticleCyprus-Troika Talks "Delicate" But Schaeuble "Won't Be Blackmailed"
Some late news indicates that the 'deal' is further away than many hoped (or rumored) earlier in the day. Welt am Sonntag reports that German FinMin Schaeuble exclaimed "I won't allow myself to be...
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A DRaGHi IN THe HeaDLiGHTS...
@blumaberlin by Colonel Flick/WilliamBanzai7, on Flickr">@blumaberlin" width="1024" height="681" /> . Olli loved playing with hens They often became best of friends Pretending his knob Was...
View ArticleEurogroup Meeting On Cyprus Begins In Brussels
A few moments ago, no bailout proposal in hand, no parliamentary discussion having taken place, and certainly no votes having been cast, the Eurogroup sat down with Cyprus' president Anastasiades, in...
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Equity Trading Technology
John O'Hara is the managing director and co-founder of Taskize, a financial consulting group out of the UK. They have released a 20-page document on the technology behind an equity trade. In...
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Cyprus' Laiki Bank Lowers ATM Withdrawal Limit To €100
With its banks indefinitely closed, and capital controls already in place making it virtually impossible any material cash will leave the local bank branches or certainly the island (especially in...
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El Pais Retracts Article Alleging "Merkel, Like Hitler, Has Declared War On...
What does it take for the Spanish "first amendment" journalistic override to kick in? Apparently, in the case of local media leader El Pais, putting up the following in print: "Merkel, como Hitler, ha...
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What A "Black Swan" Looks Like in Real Media Time
Before last Saturday, few even knew where Cyprus was located. Then, courtesy of the most epically bungled up "bail-out in" attempt in the history of the Troika, Cyprus became the only thing everyone...
View ArticleThink Tank: Cyprus 'Saved'; But At What Cost?
Authored by Raoul Ruparel, originally posted at Open Europe blog,The most positive aspect of last night’s deal was that a deal was reached at all, and that some steps have been taken to counter moral...
View ArticleRumor Of Abramovich Arrest Denied
Contrary to rumors that a background "Russian reckoning" may be taking place, in the aftermath of this weekend's Berezovski suicide which was followed this morning by a rumor that his arch nemesis...
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Keep A Close Eye On This FX Pair
Wondering why the Euro is losing steam so quickly this morning after the Eurogroup 'saved' Cyprus? Perhaps this FX cross is the reason... Perhaps this is why Italian and Spanish financials and bonds...
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European Markets Sliding (Fast)
FX, bond, and stock markets in Europe are not happy. As the EURRUB sees it biggest drop this year (Ruble buying), it appears whatever confidence-inspiring Dijsselblom believed in last night has faded...
View ArticleA Word Out Of Place Sends Europe Tumbling
Perhaps the best example of a "word out of place" comes from the new Eurogroup head, Dijsselbloem, also phonetically known as Diesel-BOOM, who just may have ushered in the next, next wave of the...
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Mainstream Media Says Cyprus Salvaged By EU Deal, I Say Cyprus Is Sacrificed...
Last week I posed the question "Is The Cypriot Government Crazy Or Do They Really Fear Bankers That Much?" The country even considering imposing loses on bank depositors over creditors seemed absurd...
View ArticleCyprus Church Loses EUR100 Million, Curses Those Responsible
Perhaps it was their comment last week that "with the brains in Brussels... the Euro can't last," but the Orthodox Church of Cyprus has lost over EUR100 million reacted to its holdings in Bank of...
View ArticleWhat the Cyprus Deal Means For Individual Investors
Cyprus put another nail in the coffin of Democracy and capitalism over the weekend. Having found that the Cyprus people and Parliament wouldn’t stand for the confiscation (THEFT) of depositors’...
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"All Fiat Currencies Are Being Debased And Devalued And They Are Losing Value...
Today’s AM fix was USD 1,602.25, EUR 1,232.97 and GBP 1,053.70 per ounce.Friday’s AM fix was USD 1,611.50, EUR 1,246.62 and GBP 1,059.99 per ounce.Gold was +1.01% and silver -0.14% higher for the...
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EUR Fades As Portugal Admits Cyprus Deal "Sets Precedent" - (UPDATE - Denied)
UPDATE: Well that didn't take long - The Portuguese Finance minister just denied his earlier comments and added that the Cyprus deal is NOT a template for future actions (EURUSD doesn't believe...
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Economic Depression Is The New Success
The Irish Times AP reports on the latest failure of Cyprus banks to reopen:The announcement to keep the banks shut last night by the Central Bank of Cyprus came hours after it said all banks except the...
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