German Finance Minister Wolfgang Schäuble explained on Tuesday that Greece will remain in the euro, no matter how the referendum ends on Sunday. Two years ago, Mario Draghi commented on the continued existence of the euro by saying that the single currency was just irreversible. Angela Merkel delivered a very cold speech stating there are no known proposals […]

The Berlin conference will differ from that of Princeton from the standpoint that the questions posed by the audience will tend to be focused more upon Europe and the prospects for the survival of the EU itself. There will be a number of people attending from Britain as well, so we will undoubtedly have a number […]

The most fundamental truth about trading is that your opponent is YOURSELF. The majority must be wrong because they are the fuel that propels the market. The market enters a flash-type crash when the vast majority is LONG and they try to sell but there is no bid. Far too many people demonize trading such as “paper gold”, arguing that it is […]

They interviewed the “YES” protesters (yes, stay in the euro) and the response was totally off the wall. A woman responds that she knows 95% of Greeks will be hurt, but: “It’s only in the European Union that legal democratic processes are guaranteed.” This is the downside of democracy for stupid people who believe propaganda […]

Here is a list of the demands that the European Commission placed upon Greece. They are totally insane without any comprehension of the future. These demands are without any common sense and there is absolutely no endgame here to be found. The EU officials are simply crushing the Greek economy and if Greece adopted these […]

Interesting day in bunds where we saw initial weakness as the safe haven bid was unwound, only to see it all reverse at the end of the day! GGB 2yr got messy at one stage on headlines (needless to say, no IMF repayment was made) and was last seen 50bp higher at 35.75% at the time of this writing. YTD […]

The way people try to judge one analyst against another is like saying, “Oh, he is right and someone else is wrong.” That is unprofessional because OPINION is irrelevant and NO ONE can be correct all the time. It is humanly impossible to forecast the future based upon what someone “thinks” will or will not happen. As soon as anyone tries […]

Brussel’s worst nightmare is coming true. The one thing the Troika has fought so hard to do is kill any democratic vote on the euro by the people in every country. This is not about the terms of austerity, which they still cannot understand is DEFLATIONARY and supports debt holders at the expense of society because politicians borrow forever, […]

A slew of emails have been coming in asking if we would help Greece if they leave the euro. ABSOLUTELY YES! This week we have people in Athens meeting as I write, offering at this stage an informal proposal should the people vote to leave the euro. This would be the GREATEST of all events that would not merely […]

Greece’s Finance Minister Yanis Varoufakis has come out to reveal the quite shocking and anti-democratic events that took place during the last Eurogroup meeting. First, they do hate Yanis’ guts, for he understands far more about the economy than anyone in Brussels. At their demand, any further discussions will be without him. What led to the EU […]