Category: Eurozone

Twilight at the Groucho Marx club: Part 3, From whatever source

3 August, 2016 (09:00) | Bailouts, Banks, Brexit, Caddyshack, Eurozone, Global news, Greece, Italy, Monte dei paschi, Recapitalization, Speculation, Workouts | No comments

By: David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   After the previous two parts, using as source material articles from the Economist (July 3, 2016) and the Wall Street Journal (July 27, 2016; blue font). It has become apparent that though Italy is by no means an equal […]

Twilight at the Groucho Marx club: Part 2, New rules bent the first time they are tested

2 August, 2016 (09:00) | Bailouts, Banks, Brexit, Caddyshack, Eurozone, Global news, Greece, Italy, Monte dei paschi, Recapitalization, Speculation, Workouts | No comments

By: David A. Smith   [Continued from yesterday’s Part 1.]   In yesterday’s Part 1, I returned to the Eurozone’s continuing slow train wreck of the Eurozone, where one country after another promises improved behavior, then cannot achieve its promise.   Judge Smails: You know, despite what happened, I’m still convinced you have many fine […]

Twilight at the Groucho Marx club: Part 1, That was always the plan

1 August, 2016 (09:13) | Bailouts, Banks, Brexit, Caddyshack, Eurozone, Global news, Greece, Italy, Monte dei paschi, Recapitalization, Speculation, Workouts | No comments

By: David A. Smith   When in a moment of financial exuberance you join that exclusive club whose members and surroundings you’ve envied for years you seldom think of the downside.  No, once you’re In you’ll capitalize on all those Insider opportunities, and now that you’ve managed to raise the initiation fee, the ongoing dues […]

Month in Review: May, 2016: Part 2, Breaking the blogger’s fourth wall

21 July, 2016 (08:30) | Argentina, cadaster, China, Eurozone, Greece, Hedge funds, kayfabe, Land, Panama Papers, Personal, Sovereign bankruptcy, Speculation, Statistics, wrestling | No comments

By: David A. Smith   [Continued from yesterday’s Part 1] In yesterday’s Part 1 of a content-additive review of my May posts, I introduced the concept of kayfabe to politics.  More precisely, I outed kayfabe as an essential ingredient of global politics these days, where communications cycles are so fast that truth isn’t even the […]

Month in Review: May, 2016: Part 1, The world of kayfabe

20 July, 2016 (09:00) | Argentina, cadaster, China, Eurozone, Greece, Hedge funds, kayfabe, Land, Panama Papers, Personal, Sovereign bankruptcy, Speculation, Statistics, wrestling | No comments

By: David A. Smith   Over the last few years, I have become consumed with the post-meta concept of kayfabe, the twenty-first century’s dominant mode of entertainment, as defined (in true kayfabe fashion) by Wikipedia’s entry on the subject, itself a kayfabe exercise in self-reference:   Never break the kayfabe   In professional wrestling, kayfabe […]