Wednesday, April 15, 2015

Economic News , Data and View ( Evening Wrap - April 15 , 2015 ) .... Greece situation ( S&P cuts Greece further into junk , Creditor going nowhere fast , various incendiary statements from both sides of Talks , Grexit posturing from both sides - note GReece meeting FR in NYC with Cleary Gottlieb's Buchheit , Reforms List deadline gets closer as does next Summit ......Broader Europe ( ECB Presser turns into protest spectacle , QE update , German ten year yield keeps falling toward 0 % , Portugal and austerity - why different than Greece , Russia in focus , , Finland Elections loom ) ....... Asia in focus ( Items of interest for Japan , South Korea and China )


Evening Wrap !

Tweets ( More at blog tweet feed ) .....

Greece....







Europe Will Be Very Angry When It Learns Greece Is About To Buy Russian Anti-Aircraft Missiles












Why can default on ECB loans: S&P says missing payment to official creditor wouldn't trigger selected default rating under S&P rules





Greek default probability jumps to 84% as S&P has downgraded Greece to CCC+ from B-, outlk neg








govt sources: MoU is dead, austerity policies will not return to Greece. We will not cross our red lines v








Draghi: "We will continue ELA as long as Greek banks are solvent and have adequate collateral." No hints on blocking ELA.








Germany says aid payout to Greece in April unrealistic






's gov't working on plan for default without Grexit ~








Greek government debt as % of GDP - note effect of PSI in 2012 2011 - 171.3% 2012 - 156.9% 2013 - 175.0% 2014 - 177.1%




sells €812.5ml of 13-week T-bills at 2.7%. No surprises here, auction was just rollover of existing T-bills by Greek banks.





What a difference a year makes for Greece left stranded by funds





Broader Europe and ECB ....





Google joins its U.S. peers under Europe’s scrutiny



Former Ukrainian MP Assassinated in






Why did Portugal handle austerity better than Greece?







Finland after the boom Not as bad as Greece yet but its only matter of time: <br>As general election loo...









In Germany, mutual funds (real estate, money market) were frozen due to illiquidity, some for years.








Head of Munich Re criticises the ECB, strongly warns of collateral damage from quantitative easing










Ruble strengthens below 50 per Dollar for 1st time since Nov2014 on perceived Russian "victory" on sanctions front.

















No early - DRAGHI SAYS ECB STIMULUS MUST BE FULLY IMPLEMENTED TO WORK







 Retweeted 2,256 times
Protester leaps on ECB president Mario Draghi's desk, shouting: "End ECB dictatorship"



'End dic(k)tatorship!' Protester interrupts speech, showers him with confetti





































Oh look. Deutsche Bank has fallen foul of Dubai regulators on money laundering controls.



Asia......








S. KOREA FORMALLY ASKS TO JOIN TPP TRADE DEAL; U.S. SAID TO WANT S.KOREA TO DELAY JOINING TPP: WaPo









just topped  to be the top holder of US Treasuries.







The Collapse Of The Petrodollar: Oil Exporters Are Dumping US Assets At A Record Pace











A Chinese Paradox: Slow Growth Is Good, Stock Bubbles Welcome Chinese? It's everywhere now








CHINA DOES NOT WANT FURTHER DEVALUATION OF CURRENCY, LI SAYS:FT














China GDP Tumbles To Lowest In 6 Years Amid Quadruple Whammy Of Dismal Data







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