Clik here to view.
Notes From Underground: As We Yada, Yada, Yada The EU/IMF Greek Debt Deal…
As the sun sets on the Greek drama, the most predicted outcome has indeed taken place as the IMF/EU and ECB/EFSF/ESM have come to an agreement about bringing the Greek debt load to a robust level of...
View ArticleClik here to view.
Notes From Underground: Looking Backwards One Week
On November 19, 2012 I wrote a blog post about France getting a yellow card from Moody’s. In that post was another item about a Reuters story, “Germany Floats Idea of Greek 25-cent -on Euro Debt Buy...
View ArticleClik here to view.
Notes From Underground: When Will We See The Full Monti?
Mario Monti upset the Italian credit markets as he announced his early resignation over the weekend. In an apparent fit of rage after Silvio Berlusconi (aka Captain Viagra) pulled his political support...
View ArticleClik here to view.
Notes From Underground: Draghi Channels Bush’s “MissionAccomplished”
Today, ECB President Draghi spoke to the Frankfurt Chamber of Commerce and proclaimed that the DARKEST CLOUDS OVER THE EUROZONE HAVE PASSED. Yes, since the July 26 pronouncement that the ECB would do...
View ArticleClik here to view.
Notes From Underground: The U.S. Economy Remains a Shadow of Itself
The unemployment was right on the market forecasts, except that the unemployment rate rose to 7.9%. In this world of central bank activism, tepid economic performance is what the global equity markets...
View ArticleClik here to view.
Notes From Underground: It’s Now Showtime for the G-20 and Its Diminutive...
This week brings the Moscow circus to the world stage. The world’s major economies meet in Moscow as the Russians are presently in the leadership position of the G-20′s rotating presidency. It used to...
View ArticleClik here to view.
Notes From Underground: Greeks Need to be Aware of Frenchmen Bearing Gifts
In the London Telegraph, it was reported that French President Hollande visited Greece in an effort to show solidarity with the Greek people in pledging to support growth over austerity. The French...
View ArticleClik here to view.
Notes From Underground: CNBC–Is Draghi Buying Time?
http://video.cnbc.com/gallery/?video=3000151634&play=1 Click on the image to watch Yra discuss the ECB meeting with Rick Sanely
View ArticleClik here to view.
Notes From Underground: Friday Is the All-Important U.S. Employment Data, But...
The February jobs data has been compiled and is now ready for public consumption. The consensus is for 165,000 (revised upward from 160,000) nonfarm payroll jobs being added and the rate to hold steady...
View ArticleClik here to view.
Notes From Underground: Raising The Specter of Secretary Robert Rubin...
It was a very muddled and confusing day in the markets as the news wires carried numerous rumors. The Cypriots were going to approve the lunacy and then they weren’t as the government couldn’t get the...
View ArticleClik here to view.
Notes From Underground: All of Germany is a “Tea Party”
For the last three years, this blog has made the point that a moral drama playing out on the global financial stage. The U.S. Tea Party was based on a concept of liquidating the assets of large debtors...
View ArticleClik here to view.
Notes From Underground: Why Is This CASH S&P HIGH DIFFERENT FROM THE PREVIOUS...
I make a distinct reference to the CASH HIGH S&Ps versus the S&P FUTURES has made an all-time high. According to the CQG charts, the all-time high in the S&P futures front month is 1586.75...
View ArticleClik here to view.
Notes From Underground: All Quiet On the Western Front (From a News Perspective)
There were no real market-moving news stories this past week, but that didn’t stop the precious metals from coming under severe pressure on the Asian opening as prices in gold and, especially silver,...
View ArticleClik here to view.
Notes From Underground: Hollande and ABE Discuss Nuclear Energy
The most important piece of the French President’s visit to Japan was to discuss a cooperative agreement with the Japanese Prime Minister on the development of new and improved nuclear powered...
View ArticleClik here to view.
Notes From Underground: The Weekend News … Markets Await Chinese GDP
It has been a very quiet weekend for financial market-moving news. Egypt and Syria brought nothing positive and even the European press was quiet. Reuters reported that the Spanish recession is deemed...
View ArticleClik here to view.
Notes From Underground: ECB’s Mario Draghi Cuts Rates and Sends Global...
Catching up: As the world knows, the ECB cut the overnight rate 25 basis points to 0.25%. The cut was more symbolic than substantial for the “recent” threat of a deflationary spiral will require more...
View ArticleClik here to view.
Notes From Underground: The Market Looks to Germany and Japan
Yes, the U.S. unemployment data grabbed the headlines on Friday as the non farm payroll headline number was lower than consensus again. More importantly, the revision to the very weak December payrolls...
View ArticleClik here to view.
Notes From Underground: Just A Small Piece On Some Critical Issues
I am reissuing four pieces from 2009 and 2010 about the Ukraine. The importance of Ukraine to the EU and Russia should not be diminished and therefore what we have seen over the weekend is just another...
View ArticleClik here to view.
Notes From Underground: The IMF Lies and Other Myths
The news out of the Crimea places the vote on the referendum at 95.5 percent in favor Russian control. The outcome was predetermined but one would think that the pro-Russian faction would have at least...
View ArticleClik here to view.
Notes From Underground: Hello, Vladi Putin? This Is Angela Merkel
In further proof that the world is in the throes of lunacy, there is a piece in today’s London Telegraph by one of my favorite financial journalists that will certainly send you rushing for the...
View Article