Category Federal Reserve

Germany Rejects Greek Bailout Extension

FINANCIAL TIMES February 19, 2015 Germany Rejects Greek Bailout Extension Peter Spiegel in Brussels, Stefan Wagstyl in Berlin and Claire Jones in Frankfurt Germany has rejected a request by Athens to extend its €172bn bailout despite a significant u-turn by the new Greek government, which for the first time on Thursday promised to work on […]

Greece’s Fatal Mistake, And Europe’s; Central Bankers Are Dancing In The Financial Dark

Greece’s Fatal Mistake, And Europe’s; Central Bankers Are Dancing In The Financial Dark http://www.fortunascorner.wordpress.com Joseph Sternberg, Editorial-Page Editor of The Wall Street Journal, Europe, had an Op-Ed in the Friday, Jan. 23, 2015 edition of the paper, “Greece’s Fatal Mistake, And Europe’s, that was both interesting, and sobering. He begins by noting that “Greek voters, […]

‘Super’ Mario, The ECB, and Great Expectations; Russia’s Coming Implosion; Flight To Safety In Gold; Two Potential Blockbuster Bio-Pharma Plays

Super’ Mario, The ECB, and Great Expectations; Russia’s Coming Implosion; Flight To Safety In Gold; Two Potential Blockbuster Bio-Pharma Plays http://www.fortunascorner.wordpress.com So far, 2015 has been the year of volatility, a virtual roller-coaster of ups and downs — mostly downs, with 1,000 point swings in a matter of days. Last week saw the Swiss decision […]

Crude Realities Hit Wall Street; One Noted Technician Forecasts Another 12 Percent Decline For The S And P; West Texas Crude Trading At $48.62 Per Barrel This Morning – Light Sweet Crude – $51.56

Crude Realities Hit Wall Street; One Noted Technician Forecasts Another 12 Percent Decline For The S And P; West Texas Crude Trading At $48.62 Per Barrel This Morning – Light Sweet Crude – $51.56 http://www.fortunascorner.wordpress.com A sea of red permeated Wall Street yesterday, as worries over the Eurozone, particularly Greece, and the decline in oil […]

U.S. Debt Soars By $100B On Last Day Of 2014; Total U.S. Debt Hits Record Of $18.14 Trillion

U.S. Debt Soars By $100B On Last Day Of 2014; Total U.S. Debt Hits Record Of $18.14 Trillion http://www.fortunascorner.wordpress.com Tyler Durden, writing on the January 2, 2015 website Zero Hedge, begins, “it seems like it was only yesterday when we reported that, in yet another slight of hand for the U.S. Treasury and Social Security […]

Russia Tries Emergency Steps for Second Day to Stem Ruble Rout

Russia Tries Emergency Steps for Second Day to Stem Ruble Rout (Bloomberg) — Russia struggled for a second straight day to reverse a rout in the ruble with emergency measures, narrowing President Vladimir Putin’s options in confronting the country’s deepest financial crisis since 1998. The ruble erased a rally of as much as 8.4 percent, […]

There Is A Sense Of Panic In Russia: This Could Be Putin’s Surprise Move Says Former U.S. Ambassador

There Is A Sense Of Panic In Russia: This Could Be Putin’s Surprise Move Says Former U.S. Ambassador http://www.fortunascorner.wordpress.com Michelle Fox, writing on this evening’s CNBC website, quotes a former U.S. Ambassador as saying “there is a sense of panic in Russia after yesterday’s surprise interest rate hike from 10.5 percent to 17 percent — […]