Posts filed under “Politics”

The “Greek Issue”

Fascinating flowchart from Deutsche Bank:

It is wrong to think that contagion stems only from Grexit. An excessive compromise with Greece could result in moral hazard, particularly in relation to structural reforms. This could undermine the medium-term stability of the euro area. The tail risk is that Greek politicians try to leverage too much the fear of Grexit “contagion risk”. We complete our analysis by looking at the vulnerability of other euro peripherals and the ex-post tools to limit contagion.

 

Source: Deutsche Bank, The Greek Issue

Category: Bailouts, Politics, Really, really bad calls

There’s Never Been a Better Time to Be Rich . . .

Source: MoJo

Category: Politics, Taxes and Policy, Wages & Income

Islam in Europe

Source: The Economist

Category: Politics

Revisiting Plutonomics

“The Plutonomy is here, is going to get stronger, its membership swelling. Toys for the wealthy have pricing power, and staying power.” -Ajay Kapur, global strategist at Citigroup     Today is the 8th anniversary of a fascinating set of observations via Robert Frank in the Wall Street Journal on income inequality. 8 years ago,…Read More

Category: Politics, Wages & Income, Wealth Management

Top Issue for Americans? Bad Government

The Gallup polling organization is in the business of taking the pulse of the American public. A new survey detects a surprising shift in perceptions. It points not just to the nation’s sour mood and disappointment with the drawn-out recovery, but also to a sense that something different is now wrong with the U.S. In…Read More

Category: Politics, Sentiment

Opec States Scramble to Avoid Debt Default

click for ginormous graphic Source: The London Times

Category: Credit, Digital Media, Energy, Politics

The Russian Laundromat

Source: OCCRP From OCCRP: Call it the Laundromat. It’s a complex system for laundering more than $20 billion in Russian money stolen from the government by corrupt politicians or earned through organized crime activity. It was designed to not only move money from Russian shell companies into EU banks through Latvia, it had the added…Read More

Category: Crony Capitalists, Currency, Digital Media, Finance, Legal, Politics

Obama on Colbert: The Word

“To Health in a Handbasket”

Category: Humor, Politics, Television, Video

Weak Eurozone

Source: Deutsche Bank Research, The House View, 25 November 2014

Category: Economy, Markets, Politics, Taxes and Policy

Gasoline (Inflation-Adjusted) Since 1980

Source: Chart of the Day From Chart of the Day: As a result of an overall sluggish global economy plus increased global supply, the price of crude oil continues to trend lower. Over the past seven months, the cost of one gallon of gasoline has declined a significant $0.88 (i.e. 24%). Today’s chart provides some…Read More

Category: Cycles, Energy, Markets, Politics