5 July, 2015 by The TZ Newswire Staff Comments Off on IOUs It Is: Why Greece May Have A Problem Printing "Rogue" Euro Banknotes
IOUs It Is: Why Greece May Have A Problem Printing "Rogue" Euro Banknotes
Previously we reported that in a heretofore unknown exchange, Varoufakis told Telegraph’s Evans-Pritchard that “if necessary we will issue parallel liquidity and California-style IOU’s, in an electronic form. We should have done it a week ago.” Shortly thereafter, SocGen released a note in which it confirmed largely what the Greek finmin may have said, namely that “Greece is likely to issue a form of parallel currency.”
5 July, 2015 by The TZ Newswire Staff Comments Off on Crisis erupts in Europe…so buy the euro?
Crisis erupts in Europe…so buy the euro?
Call it the contrarian trade of 2015: Buy the euro!
5 July, 2015 by The TZ Newswire Staff Comments Off on Greece shakes global markets
Greece shakes global markets
CNBC’s Dominic Chu discusses the impact of the Greek vote on the world markets and futures.
5 July, 2015 by The TZ Newswire Staff Comments Off on How Social Security’s Most Important Feature Got So Confusing
How Social Security’s Most Important Feature Got So Confusing
Figuring out how much you’ll get from Social Security is a lot more complicated than you’d think.
5 July, 2015 by The TZ Newswire Staff Comments Off on Euro hammered on Greek ‘No’ vote, market volatile
Euro hammered on Greek ‘No’ vote, market volatile
The euro fell sharply while the safe-haven yen rallied after Greeks voted ‘no’, setting the country to financial ruin that could splinter Europe.
5 July, 2015 by The TZ Newswire Staff Comments Off on Brett Arends’s ROI: Greece debt crisis: Your market-panic survival guide
Brett Arends’s ROI: Greece debt crisis: Your market-panic survival guide
The Greeks have voted in to reject further austerity.
5 July, 2015 by The TZ Newswire Staff Comments Off on China "Crosses Rubicon" With Stock Bailout; BofA Says PBoC Risks "Hurting Its Credibility"
China "Crosses Rubicon" With Stock Bailout; BofA Says PBoC Risks "Hurting Its Credibility"
Earlier today in “Panic: China Central Bank Steps In To Bailout Stocks As Underwater Traders Pray For A Rebound,” we noted (without much surprise) that the PBoC has officially taken the plunge. Late on Sunday, the China Securities Regulatory Commission announced that China’s central bank is set to inject capital into China Securities Finance Corp which will in turn use the funds to help brokerages expand their businesses and reinvigorate stocks.