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Markets in Review

The markets are generally staging quite nicely for the ECM turning point. What generally rises into the turning point turns back down, and that which declines finds [...]

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Belgium & the Hunt for Taxes

COMMENT: Dear Marty,   Thnx for all the insights.   Since a couple of months at a drive in chain in Belgium (Arlon) a couple of miles from the Luxembourg [...]

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Kohl’s Dream for the Euro 1998 Speech to Bundestag

Helmut Kohl was a powerful politician in Germany. He convinced the German people to enter the euro and his 1998 speech in Bundestag generated a vote of 632 out of [...]

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What if NAFTA Became a Monetary Union?

OK. Let’s try to explain Europe a different way. What if the USA adopted a policy that said NAFTA (North American Free Trade Agreement) should move from a [...]

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The Euro Crisis Will Not End Until this Line of Thinking Changes

Luis de Guindos, Spain’s economic minister, illustrates that those in European government remain clueless. He said that Greece should remain part of the Eurozone [...]

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World in Review: The Greek Tragedy Continues to Set the Tone

  The Greek drama of Greek Tragedy continues with a rumored agreement to continue the stimulus in return for promised reforms, only to have Greek Prime [...]

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Clarifying the Euro

It appears that a June closing on cash below 11095 in the euro will reflect Grexit. A month-end closing for June below 10520 level will be very bearish short-term. [...]

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Greece Wakes Up – It is About Democracy

The Eurozone, or Euroland, is now getting ready to deal with a Greek debt default next week after refusing to extend credit following Prime Minister Alexis [...]

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Greece – a Reversal of Fortune on the Horizon?

Greece and its creditors stuck to their positions on Monday after the collapse of talks aimed at preventing a default and possible euro exit, while Germany’s [...]

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Is S&P Playing Dirty Games With Ratings Again?

Rating Agencies Testify Before Congress for their AAA-Ratings after 2007 S&P has issued a warning of a UK downgrade if it exits the EU. Quite frankly, we have [...]

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