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- ItsAtrap commented Mar 7, 2017
European banks are still overleveraged and severely undercapitalised. If they were to extend new loans with this 800bn, they would have to set capital against it. Capital which is already scarce and expensive to raise. It is safer and much cheaper ...
- ItsAtrap commented Sep 28, 2016
Anshu Jain and his friends overleverage the bank they supposedly "managed" and pocket billions in bonuses for their "performance". Crises strikes, Jain & friends resign to "pursue other interests". DB , burdened with the leverage they made it ...
- ItsAtrap commented Jun 25, 2015
Yes, fascism is a better conceptual fit, which is why I used the word 'statists'. The word 'fascism' is often thrown around to describe various things, but the definition of fascism is extreme statism. A fascist regime is a collectivist regime where ...
- ItsAtrap commented Jun 25, 2015
Absolutely. Each nation has the politicians that its sociopolitical and economic make-up can afford it. The current mix of Greek politicians (both to the 'left' and the 'right' of the spectrum) is largely comprised of statists who never held a ...
- ItsAtrap commented Jun 25, 2015
Yes it is indeed extraordinary and people do not even realise it. I grew up and lived in Greece till my early 20s and it continues to amaze me as well.
- ItsAtrap commented Jun 25, 2015
By the way, the reason Greek citizens evade taxes if they can, is not because they are more 'immoral' than the rest of the world. It is because they know that all tax revenues are consumed by the corrupt politicians and their friends and only a ...
- ItsAtrap commented Jun 25, 2015
Greece is indeed a failed country. It is in fact the last soviet-style economy in Europe. It is this style of economy that is the cause of its troubles. Except that in Greece it wasn;t called communist. It was called 'socialist' and it was endorsed ...
- ItsAtrap commented Jun 23, 2015
Good ol' insider trading
- ItsAtrap commented Jun 23, 2015
Sadly (because I am Greek although I haven't lived in Greece for years), it is true... the so called "rescue" plan is just another package of heavy taxation on the most productive classes. Pursuing a balanced badget, let alone a budget surplus, in ...
- ItsAtrap commented Jun 23, 2015
Lol, no chance of hikes this year
- ItsAtrap commented Jun 19, 2015
lol, Idiotus Specialus!
- ItsAtrap commented Jun 19, 2015
yep. Europe and particularly Germany will see an asset price boom like no other. Actually that's not quite true. There was a similar boom some time ago, in another big industrial exporter with an ageing population: Japan. The Nikkei went mad, real ...
- ItsAtrap commented Jun 18, 2015
The only definitive things in life are death and taxes
- ItsAtrap commented Jun 12, 2015
Shocker!
- ItsAtrap commented Jun 12, 2015
That's exactly so. No matter what happens in the markets, the media will always find someone, somewhere, who 'predicted' the event. Of course the same person had mad 1675297 other predictions that never came to pass, but the media will present him ...
- ItsAtrap commented Jun 11, 2015
If these guys are so good at picking tops and bottoms you'd think they would be trading the markets instead of having to work as article writers at some market news site.
- ItsAtrap commented Jun 10, 2015
He's not even British and he runs the Bank of England. Central Banks do not exist to serve their nation's best interests. There was a time when they did, but that time was long, long ago.
- ItsAtrap commented Jun 10, 2015
Kuroda has been trying to massage the Yen up for several days now. First he made subtle hints, then he got louder as the USD/JPY kept going up. Eventually, USD/JPY should go much higher, but now a decent correction looks to have just started.