Entries Tagged as 'germany'

A ‘Superman’ Economy and a Recession ‘Deeper Than Forecast’

August 13th, 2010 67 Comments

Stacy Summary:  ’Superman?’  Probably a bad choice of words . . . And re: Greece, this is something that Max has been saying for the three years since this ‘crisis’ began . . . that losses would continue to be ‘revealed.’ Germany’s ‘Superman’ Economy Grows at Fastest Rate Since Reunification Greek recession ‘deeper than forecast;’ [...]

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Good Primer on Weimar Republic

August 12th, 2010 6 Comments

First, a quick history lesson. The Weimar Republic was born following the end of World War One. The armistice forced Germany’s monarch, Kaiser Wilhelm, to abdicate and leave the country. In the civil chaos and revolution that followed, other major leaders, like the King of Bavaria, also were forced out of power. A semi-coalition government [...]

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Double Dips and Currency Wars

July 9th, 2010 42 Comments

Stacy Summary: I found this video interview with Chris Whalen via Jesse’s Cafe Americain. And here is another article from his site with some great, if scary, charts (see one below) about the recent deterioration in the US housing market. Pending home sales:

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S&P ‘fat finger’ strips Germany of AAA rating and SEC associate director joins HFT

June 12th, 2010 14 Comments

Stacy Summary: Lots of fat fingers out there in our hyperactive digitally interlocked world. I love that despite S&P accidentally downgrading Germany the yields improved! Speaking of high frequency trading, Elizabeth King, an SEC associate director joins GETCO, who, along with Goldman Sachs, are a major SLP (see today’s On the Edge).

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Germany: A Presidential ‘Gaffe’ & The Taxpayer ‘Rescuing Banks & Rich Greeks’

June 1st, 2010 61 Comments

Stacy Summary:   German president forced to quit after accidentally telling the truth that war is about deranged economic ideology and then another headline about deranged economic ideologies. German president Horst Köhler quits over Afghanistan gaffe Former head of Bundesbank says bailout plan all about ‘rescuing banks and rich Greeks’

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‘Acts of Desperation’ & Hyperinflation Trades

May 19th, 2010 232 Comments

Stacy Summary: The ban on naked short selling in European government bonds and Germany’s 10 largest banks is apparently in place until March 31, 2011.  Via @NicAbbo77 here is text of German ban on naked short selling.  Regardless, the turmoil doesn’t seem as bad as post Lehman as many were warning yesterday and gold is [...]

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Asia Craters, Euro Bellyflops, Germans Fantasize & Bankers Try to Blend In

May 17th, 2010 27 Comments

Stacy Summary: h/t @marietta for the verbiage! Asian markets and euro continue fall Hundreds protest outside bankers’ houses in DC Germans fantasize about currency bloc without the French

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The Selling Out of Germany

May 13th, 2010 18 Comments

In some ways it’s a battle of the politicians against the markets.  That’s how I do see it.  But I’m determined to win this battle. – Angela Merkel Gold Is Money, and Nothing Else. - JP Morgan, testifying under oath to Congress before the Pujo Commission, 1913 The Selling Out of Germany I feel very bad [...]

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Avoiding ‘catastrophe’ and seizing the finance ministry

March 4th, 2010 28 Comments

Stacy Summary:  Good morning . . . ? Greece passes new deficit cuts to avoid ‘catastrophe’ Germany snubs Greek aid plea; protesters seize finance ministry in Athens

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Germany’s Exports Weigh on Europe

February 27th, 2010 33 Comments

Stacy Summary:  Lots of German bashing in the comments.  And some Greek bashing.  Hopefully we can discuss more economic issues surrounding how to get out of the massive trade imbalances that have marked the past few decades and also the fiscal issues of many of these governments having expanded their deficits when they transferred massive [...]

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