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The G-20s Big Fat Zero——Now Comes The Bubble’s Demise!

March 2, 2016

The G-20s Big Fat Zero——Now Comes The Bubble’s Demise! The tens of millions of taxpayer money wasted at the G-20’s Shanghai soirée had a silver lining. The assembled masters of world finance came up with a big fat zero on the coordinated global stimulus front. So doing, they essentially admitted that their money printing central banks are out of dry powder (“…but monetary […]

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Schäuble’s Gathering Storm

October 23, 2015

Schäuble’s Gathering Storm Europe’s crisis is poised to enter its most dangerous phase. After forcing Greece to accept another “extend-and-pretend” bailout agreement, fresh battle lines are being drawn. And, with the refugee influx exposing the damage caused by divergent economic prospects and sky-high youth unemployment in Europe’s periphery, the ramifications are ominous, as recent statements […]

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German FinMin Blasts Greek Proposal: Debt Restructuring Impossible, “Everyone Knows They Can’t Be Believed”

July 11, 2015

German FinMin Blasts Greek Proposal: Debt Restructuring Impossible, “Everyone Knows They Can’t Be Believed” In the face of Latvia’s outgoing President’s comments, that debt writedowns for Greece will only come after the bankruptcy of the state… “this [Greek] debt is so big that everyone understands that it won’t be repaid. Loans to Greece have just bought […]

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Greece’s PM Tsipras says country prepared to accept most bailout demands

July 1, 2015

Greece’s PM Tsipras says country prepared to accept most bailout demands Greece became first country to miss IMF payment since Zimbabwe in 2001 Greece’s government has made new concessions in talks with its creditors, though some European officials said they were still not good enough and that a deal was nevertheless impossible before a Greek […]

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Grexit “Disaster” Looms As Greek Hospitals Run Out Of Sheets, Painkillers

May 25, 2015

Grexit “Disaster” Looms As Greek Hospitals Run Out Of Sheets, Painkillers The default countdown is about to go under 10 days and it is becoming increasingly apparent that both Greece and its creditors have had enough. Months of tense negotiations have gone nowhere and yielded exactly nothing and it now looks like PM Alexis Tsipras […]

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Schäuble Warns of “Sudden” Greek Default

May 10, 2015

Schäuble Warns of “Sudden” Greek Default The governments of Greece – new and old – screwed up. Other debt-sinner countries are able to borrow at near-zero or negative interest rates, simply taking money from investors with a promise to return it on a given day in the future if investors give it new money to […]

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Germans Furious After Varoufakis/Tsipras Admit “Greece Will Never Repay Its Debts”

March 13, 2015

Germans Furious After Varoufakis/Tsipras Admit “Greece Will Never Repay Its Debts” The Greco-Germanic war of words continues… Having pissed off The Greeks with his “Troika” remarks, Germany’s Schaeuble went on today to more ad hominum attacks by reportedly calling the Greek FinMin “foolishly naive.” The Greek ambassador has ‘officially’ complained to “friend and ally” Germany about the personal insult. […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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