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  1. Eurozone Unemployment Tops 12%

    My kids are on spring break for the next couple weeks and I was walking them to the park yesterday afternoon when I was suddenly surrounded by riot cops and TV cameras. Admittedly I was looking down at my phone and not paying attention, but it was ...

    - Apr 30 2013 - 7:31am - 42 comments

  2. Are Greek ATMs Drachma Compatible?

     In the latest sign that a Greek exit from the Eurozone is all but imminent, global bank HSBC ran extensive tests on their ATM machines in Athens and throughout Greece in preparation for a return to the drachma. The tests were rigorous and were done to ...

    - Jun 4 2012 - 10:22am - 18 comments

  3. Grease Fire Spreading

    We have said so much about Greece that there’s barely a point left to make. In spite of all the talking, however, I still have to ask how can you let it get to this? The question is intended at everyone from the Greek government and public, the European ...

    - Nov 2 2011 - 12:17pm - 25 comments

  4. How Long Before Greece Leaves the Euro Zone?

    I find it ironic that a country which defrauded its way into the Euro Zone is likely to be the first country to exit the Euro Zone. Despite a raft of hasty denials by just about everyone in Brussels, it now seems all but inevitable that Greece will bail ...

    - May 10 2011 - 5:47am - 25 comments

  5. Is the Euro Kaput?

    I take no joy in the suffering of others. Then again, when you are a contrarian…grinning like the Cheshire Cat while winking I toldya so is about as satisfying as life can get. For many years now, well before it became the stuff of Wall Street Journal ...

    - Jul 2 2011 - 1:29pm - 18 comments

  6. Soros 3/4 in Cash

    Though he is not one of my favorite people in the industry it isn’t really possible to doubt the investing acumen of George Soros. Over the years many have made a good bit of money in markets by simply mimicking his strategies. The most recent, however, ...

    - Jul 22 2011 - 12:45pm - 16 comments

  7. Papandreou survives! But will Greece?

    Or the EMU for that matter? Pimco’s Balls was on Bloomberg earlier today and he highlighted most of the obstructions Greece is facing in their crisis. Honestly I just feel bad for the Greeks, they’ve been enduring hefty austerity measures just to avoid ...

    - Jun 21 2011 - 9:24pm - 16 comments

  8. Getting ready for an extreme tail event

    In which financial instruments would you invest in to benefit from a Greek default? I am starting to list the types of positions I would take if this unlikely event would occur. So far I found a list of short-turbo certificates offered by ABN-AMRO. Do you ...

    - Jun 20 2011 - 8:53am - 16 comments

  9. Goodbye Greek Sovereignty, Hello Mayhem

    I’d like to dedicate this song to Greece, particularly the chorus. While I completely understand why they’d rather focus on Nicole Scherzinger’s sweet gyrations, what they really should be doing is listen to the lyrics. They’re terrible I know, but after ...

    - May 30 2011 - 10:39pm - 11 comments

  10. My Big Fat Greek Default

    The markets have been choppy of late, due in no small part to the bit of drama playing out in the EU right now. A couple of EU nations are against the ropes in a big way, and there doesn't seem to be a coherent plan in place yet to deal with this ...

    - Feb 11 2010 - 6:14am - 15 comments

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