Tag Archives: Euro

In Stunning Move, ECB Cuts Rates By 25 bps, Euro Plunges

Posted on November 7, 2013 by DRenegade

Perhaps it is not surprising that with the absolute majority of economists and strategists, or 67 of 70, predicting no rate cut by the ECB, this is exactly what the ECB just did, when in a stunning move it cut rates … Continue reading →

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German Finance Minister Who Launched Euro, Calls For Euro’s Breakup

Posted on May 5, 2013 by DRenegade

Back in December we pointed out the patently obvious: in the absence of an external rebalancing mechanism, i.e., a free-floating currency, the only option for the bulk of the periphery to regain competitiveness was through ongoing wage collapse and persistent localized depression. Five … Continue reading →

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EU Common Criminals

Posted on April 17, 2013 by DRenegade

More…

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European Stocks Plunge Most In Six Months

Posted on April 17, 2013 by DRenegade

Europe’s ‘Dow’, the EuroStoxx 50, has suffered the biggest 4-day rout in 10 months as the broad Bloomberg 500 index plunged by the most in five months today amid terrible consumer, car registration, and economic collapse on the continent. DAX is at 4-month … Continue reading →

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Cyprus banks reopen – but stock exchange will remain closed

Posted on March 28, 2013 by DRenegade

Cyprus’s banks reopened their doors on Thursday, to limited queues, amid strict controls to stop people withdrawing all their savings and triggering a catastrophic bank run. The Cyprus stock exchange, however, said it would remain closed for the day, less … Continue reading →

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Market Update – The Damage So Far

Posted on March 27, 2013 by DRenegade

It seems the realization that i) Cyprus mattered, ii) If Europe slumps then US will be infected (no matter how clean the asset-gatherers believe the shirt to be) is impacting markets globally once again. A slew of horrible data overnight … Continue reading →

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A Financial ‘Night of the Long Knives’ is Upon Us

Posted on March 26, 2013 by LT

A financial “Night of the Long Knives” against savers is being played out in the European Parliament right now – and it is not the last bit of damage to be done…only the next.  At this point, the veil has … Continue reading →

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It’s all downhill, and accelerating, from here

Posted on March 22, 2013 by DRenegade

The situation in Cyprus reminds me of watching the Iron Curtain fall in Berlin. The collapse of the Soviet Union, 9/11, the Gulf War, or the earthquake in Japan also kept us mesmerized as we watched and wondered how this … Continue reading →

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Euro Banking System On The Verge Of Collapse

Posted on March 21, 2013 by DRenegade

News came out yesterday that all Cypriot banks will continue to be closed until at least next Tuesday and may remain closed permanently. Last week, the European Central Bank threatened to cut the Emergency Liquidity Assistance which Cyprus had been … Continue reading →

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This Is What I Call a Trigger

Posted on March 17, 2013 by DRenegade

The events unfolding in Europe have just started. The Cyprus “tax” (confiscation) has started to collapse the EURO as shown below. We will know in a few hours how the gold markets will react. What should you do? The real … Continue reading →

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Italy’s Beppe Grillo – in 1998

Posted on March 10, 2013 by DRenegade

If Italy defaults on its “obligations” to the banks controlling the world’s economic collapse, what happens? France’s banks will collapse immediately. The EU will disband or reorganize into a smaller northern union. Without Great Britain and a bankrupt France, Germany … Continue reading →

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Euro zone economy falls deeper than expected into recession

Posted on February 14, 2013 by DRenegade

The euro zone slipped deeper than expected into recession in the last three months of 2012 after its largest economies, Germany and France, shrank at the end of a wretched year for the region. It marked the currency bloc’s first full year in which no … Continue reading →

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European Stocks Could Correct Up to 20%: Marc Faber

Posted on September 6, 2012 by DRenegade

European stocks, which have been in a broad upswing for the past three months, could retreat by up to 20 percent, presenting an opportunity to move back into the market, says Marc Faber, author of The Gloom, Boom & Doom Report. … Continue reading →

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Draghi Market Response: EUR Down, Gold Down, EU Bond Yields Down, EU Stocks Down, US Stocks Surge

Posted on September 6, 2012 by DRenegade

UPDATE: US equities surge on day-session open (as AAPL hits low of day) Perception; Independence; Conditionality; Unlimited; Fully-Effective-Backstop. Draghi ‘nailed-it’ on the drinking game but it seems the world is not amused. The market’s reaction to the new OMT is … Continue reading →

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Fears Rising, Spaniards Pull Out Their Cash and Get Out of Spain

Posted on September 4, 2012 by DRenegade

It is, Julio Vildosola concedes, a very big bet. After working six years as a senior executive for a multinational payroll-processing company in Barcelona, Spain, Mr. Vildosola is cutting his professional and financial ties with his troubled homeland. He has … Continue reading →

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