Diary of a Financier

Posts Tagged ‘Greece’

ECB sovereign QE conditionals

In Capital Markets, Economics on Fri 16 Jan 2015 at 16:30

Mark my words… Read the rest of this entry »


Top Newsstuffs (January 14-20)

In Bookshelf on Sun 20 Jan 2013 at 07:29

Short list this week; same churn about 2013 forecasts and Congressional wrangling over spending cuts… Go Pats!

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Top Newsstuffs (November 26-December 2)

In Bookshelf on Sun 2 Dec 2012 at 06:50

European Policymakers’ Binary Options

In Economics on Fri 1 Jun 2012 at 11:20

I’ll say it until I’m blue in the face: Europe’s policymakers have only two options. They can assign whatever acronyms they want to their solutions (EFSF, ELA, LTRO, SMP, ESM). They can arrive at liquidity provisions by whatever Chutes & Ladders they want. They’ll ultimately be forced to choose between these binary options:

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ISDA Declares Greek Default, Credit Event Triggers CDS

In Capital Markets on Fri 9 Mar 2012 at 16:08

Just a quick note on the topic as I sort thought the rubble.  This all feels a bit ominous.  First, I received an email and a call around 1:44pm est:

‘ISDA says Greek CDS triggered, credit event.  No confirmation or announcement yet.’ Read the rest of this entry »

Greece Comes Full Circle: Venizelos II

In Idiosyncrasy on Wed 15 Feb 2012 at 14:08

I’m currently reading Margaret MacMillan’s Paris 1919, a book that chronicles the six month summit in Paris, where world leaders met in the wake of the Great War (World War I) to “shape the peace.” Among the delegates were moguls from our childrens’ history books such as Woodrow Wilson, David Lloyd George, Winston Churchill, John Maynard Keynes, George Clemenceau, Vittorio Orlando, T.E. Lawrence, Mohandas Gandhi, and Ho Chi Minh. They discussed a League of Nations; they redrew boarders; they played God. It was one of those events that was so magnanimous as to resemble more of a Hollywood movie than real-life–especially when considering the resonance of their decisions:

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Qualify & Quantify the “Social Costs” of Greece’s Options

In Economics on Sun 12 Feb 2012 at 14:57

Greece has reached yet another arbitrary deadline, which means she has yet another deadline to defer. Parliament has finally started discussing the existential consequences of their coming action. Back in October, I suggested the existential questions would be the final, tallest hurdles in this process:

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The Greek Outcome: 6 cents or One Half-Dozen

In Economics on Wed 11 Jan 2012 at 06:56

I’ve been sitting here with everyone else wondering what’s taking so long with the private creditor negotiations in Greek sovereign bonds. After marinating in it a bit, I’m not sure everyone understands the Catch-22 there.

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Papandreou Plays Prisoners’ Dilemma

In Politics on Thu 3 Nov 2011 at 10:46

I’ve been quiet lately because I’m a bit tired of pounding the table. Everything is panning out as I suggested for the past year, so there’s not much more else for me to say without gloating or repeating myself. I have to record some thoughts about this Greek referendum though, because I’m starting to get infuriated.

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Here’s Something That’s NOT a Rumor

In Existential on Thu 20 Oct 2011 at 10:41

I guess the rumor-mongering in Europe has irritated most investors/traders. I, for one, acknowledge it and deal with it. Yes, it’s a frustrating facet of the noisy, undulating marketplace. Yes, these a-fundamental factors are occurring with greater frequency these days. Yet, read any prospectus/Qs/Ks of any singlename security and you’ll notice these kinds of things mentioned in the “Risk Factors.”

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