Monday, April 27, 2015

Economic News , Data and Views ( April 27 , 2015 ) Greece Updates ( Was the Tsipras - Merkel call due to Dramatic situation in Greece , Note dramatic shake- up on Greece Negotiation Team as well as within Finance Ministry ( Varoufakis effectively sidelined ) ...... Japan gets downgrade to A by Fitch .... Italy - lost in stagnation by Ed Hugh ...... China Stock Market bubbilicious Bubble yuan acontender to make IMF Basket in 2016 , .... Ukraine economy sinking like stones - Industrial production for March - falls 17 percent !


Tweets....



Dramatic situation in Greece ?




Another shift in responsibilities - Houliarakis to head Brussels Group Negotiations




Greek Fi M Gen Sec Theocharakis - now in charge of growth strategy




Greek Gov't forms political negotiation team - headed by the Alternate Foreign Minister Tasakalatos




I'd read it as a move aimed at facilitating a deal being reached in May & removing any obstacles there may be








State Minister Nikoloudis said 85,000 persons sent abroad more than €200,000 each since 2010.




debt amortization and interest payment schedule







Inversion continues - Greek yields:
3y at 25.5% 5y at 17.8% 10y at 12.4% 20y at 10.7% 30y at 9.3%







’s Day of Reckoning Inches Closer as Payments Loom






may get the into the 's Basket in 2016, Bloomberg reports as Yuan 7th most used payments currency.







FITCH DOWNGRADES JAPAN TO A from A+







FTW RT Fitch is confident Japan's debt to GDP will "stabilize" at 250%.








Japan nominal GDP and debt/GDP, latter fast approaching 250%








My latest work in progress (read it on Twitter) - Italy, Lost in Stagnation










But the female labour force participation rate in Italy is still one of the lowest in the EU.











No bubble forming here. Chinese stocks double in just 6 months:








Mar industrial production crashes 17% YoY. We 4cast Inflation to av ~40% in 2015, fastest for 20 years.





Peripheral spreads widen as markets prepare for Greek endgame.









YUAN DOWN 0.41%/DOLLAR, SET FOR BIGGEST DROP SINCE MARCH 2014









YEN DOWN 0.3% VS DOLLAR AS FITCH DOWNGRADES JAPAN TO A. Great news for Nikkei






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