Friday, April 10, 2015

Economic News , Data and Views ( April 10 , 2015 ) - Greece Updates ( Looking at the feedback / fallout from Tsipras's trip to Russia , EU's secret but public plans for Grexit , Greece financial picture / liabilities to Europe , Creditor talks items ) Items of note for Europe sans Greece ( QE in focus and effects on EZ debt , Euro falling once again as monetary policy in focus , Ruble in focus , DAX surges ) ...... Asia stock bubblemania in focus ...... Early items from the US ( GE selling most of GE Capital , Walmart closing 200 stores )

Updates at blog tweet feed during the day....





Tweets......




Greece...



















What's happening ? What about the false narrative spun about the First Greece Bailout for years ?











What else is happening ? Let's clear up misconceptions re : the goals of Greece Debt Truth Committee.










In today's EU briefing: Britain's goods trade deficit with EU widens & Finnish Government draws up plans for 'Grexit'







Spain criticises Greece on Russia







April 10, 2015: "EU draws up secret plans to kick Greece out of eurozone"











Not only banks but also their subsidiaries should not increase their T-Bill holdings, says (via ).



BofA-ML - Greece: Target 2 ECB liabilities (EUR bn)









Buffet's comment that Grexit "may not be a bad thing" for eurozone has opened Pandora's Box, argues







"Syriza doesn’t seem to have thought through how to achieve its objectives," argues







Brussels sources tell abt a Plan B for an extra Eurogroup meeting on April 29 if no deal in April 24 meeting




5yr default probability on the rise again after Athens has made IMF payment on Thursday. Now at almost 83%.













RT *NO COMPREHENSIVE GREEK REFORM LIST PRESENTED YET: TIESENHAUSEN



Europe.......







ITALY SELLS ONE-YEAR DEBT AT RECORD LOW YIELD OF 0.013%





1 hour 







Monetary policy divergence continues to drive Euro expectations down.





drops below $1.06 as markets decided to give the single currency another clump w/o any obvious reason.








’s reserve status jeopardized as Central Banks dump holdings.








Mysterious Ruble rally continues. Strengthens another 1% vs Dollar. 's currency has decoupled from price.






's Dax has entered unchartered territory. Just opens at fresh highs driven by 's QE.








bears on wrong end of $4trn rally. Shanghai Composite crosses 4k for 1st time since '08








Nikkei tops 20k for the first time in 15yrs and it looks as if foreign investments in the Nikkei no longer FX hedged.







Asia Superbubble Unstoppable: Hong Kong Up 10% In Past Week; Soaring Dollar Pushes Euro Back Under 1.06











US.....





GE Announces One Of Largest Buybacks In History, Will Repuchase $50 Bn In Shares After Selling Most Of GE Capital