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  • Editor’s Picks / 26 March 2015 at 10:33 GMT

    US blunder to treat China as an enemy

    The Telegraph
    The US is at risk of making the gravest of blunders in its heavy-handed treatment of the UK over its entrance into the Asian Infrastructure Investment Bank as it looks to cut off the China-led fledgling institution at the knees. The policy is misguided at every level, says Ambrose Evans-Pritchard, and is forcing allies to make uncomfortable choices between Washington and Beijing. Furthermore, the AIIB is exactly what the world needs as China needs to recycle its trade surpluses and $3.8 trillion reserves by one means or another. This is historic folly on the part of the US and this kind of grandstanding will long term harm its interests, and will not prevent the rise of a new world financing order.
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  • Saxo TV / 23 March 2015 at 13:57 GMT

    Fasdal: Greek crisis at “critical” stage

    Simon Fasdal
    The crisis in Greece, which threatens its membership of the euro, has reached a critical point. That’s at least the conclusion in the bond markets, says Saxo Bank’s Simon Fasdal. The main cause of concern is that Greece will run out of cash in just a few weeks.
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  • Article / 15 March 2015 at 23:37 GMT

    4G: Germany, Greece, Grace and Gravitas

    Managing Partner / Spotlight Group
    United Kingdom
    Greek Prime Minister Alexis Tsipras reaches out to his creditors. He promises to soothe the strained relationships with the rest of the Eurozone. Meanwhile Greece has seen fit to complain about the German Finance Minister.
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    16 March
    beverlyhillario beverlyhillario
    This comment has been redacted
    16 March
    naresh naresh
    whats ur view on nasdaq sir at this point ?
    16 March
    Stephen Pope Stephen Pope
    Hi there,

    I am out from my office this afternoon. Markets are feeding on the lower levels after irrational selling over the last two weeks. Be wary when...
  • Editor’s Picks / 31 December 2014 at 12:06 GMT

    Let the scaremongering over Greece begin

    Bloomberg
    The scaremongerers will be out in force over Greece over the course of the next few weeks in the run-up to the election and they have every right to be so, says Mark Gilbert. With the Greek banking system down by nearly a third since its peak, a fall of approximately $200 billion, it can ill afford a new run on banking deposits. And, says Gilbert, if Brussels decides to play hardball with Greece in 2015, the impact on the euro if Greece starts looking for the exit will be enormous.
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    02 January
    donovan80 donovan80
    This comment has been redacted
  • Editor’s Picks / 15 December 2014 at 23:24 GMT

    China’s Treasury holdings at lowest since February 2013

    Bloomberg
    China’s holdings of US Treasuries fell to a 20-month low in October, as yuan appreciation indicated less of an impetus to buy the government securities. China held $1.25 trillion in US debt as of October, a $13.6 billion drop from September. The nation remains the largest foreign holder, ahead of Japan, whose stockpile increased $0.6 billion to $1.22 trillion, reducing the gap between the two countries to the narrowest since September 2012.

    The yuan rose 0.4 percent against the dollar in October as the government moves toward a market-determined exchange rate, part of efforts to expand the currency’s use worldwide. The less China intervenes to weaken its currency, the less it needs to buy securities such as Treasuries.
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  • Editor’s Picks / 20 November 2014 at 22:25 GMT

    Relax, the Eurozone is not Japan

    Business Spectator
    Pessimists worry that slow growth and signs of disinflation mean that the Eurozone is heading towards a Japan-style lost decade. But Europe is not Japan. Total Japanese debt (private and public) was about 460% of GDP in 2012. It could be 480% now. In contrast, Europe has a debt position of only 178% of GDP – for total public and private debt. While Europe can afford to pay off its debt. Japan has no hope of ever doing so, given its shrinking economy and shrinking population. Of all Eurozone countries, only tiny Greece has any genuine issues over solvency. Yet somehow that has created panic over the viability of the EU itself.
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  • Article / 12 November 2014 at 14:38 GMT

    Dear ECB...get your act together on bond buying

    Managing Partner / Spotlight Group
    United Kingdom
    Dear ECB...get your act together on bond buying
    You could argue that with the structure of Eurozone sovereign yields already so low that the game of yield limbo has almost run its course. In which case, it's tempting to ask what good will sovereign bond buying by the ECB do? However, with the risk of “lowflation” or even deflation omnipresent, it is surely worth trying. But getting the ECB to agree on anything is another matter.
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    12 November
    Juhani Huopainen Juhani Huopainen
    An interesting answer to the moral hazard dilemma.On the other hand, wouldn't this create another set of "two equilibrium points" for the financial markets - countries that...
    12 November
    fxtime fxtime
    Great debate guys :-)
    12 November
    LeTaulier_Lmi LeTaulier_Lmi
    The yields of Eurozone Sovereign debts should be seen in the light of the economic growth of every country.
    For instance, 2.57% for Italy when the...
  • Article / 10 November 2014 at 2:39 GMT

    Greek mythology extends to bailout

    Managing Partner / Spotlight Group
    United Kingdom
    The government of troubled Eurozone member Greece is claiming it will steer the country out of the bailout a year early. But this statement is ridiculous if the first thing the EU will have to do is to grant Greece new financing - and this is exactly what is going to happen. The only sensible option is for Greece to extend the current bailout up to 18 months. This would allow Greece more time to meet the criteria for the release of the last EUR 1.8 billion tranche of the existing program, which will be lost unless it is disbursed before the end of the year.
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  • Trade view / 04 November 2014 at 22:21 GMT
    Medium term

    Get out of Spain and Italy and into German core

    Managing Partner / Spotlight Group
    United Kingdom
    The European Commission has downgraded Eurozone growth and says it will do all it can to promote growth and jobs. Spain has reforms in place but is ignoring bureaucracy and its unemployment remains high. Meanwhile, Italy talks tough, and not only ignores the black economy, it and wants to spend more.
    Read the Trade View