Category: Global news

Bail out? Bail in?: Part 2, Italians aren’t stupid

6 July, 2017 (08:30) | Banks, Capital markets, Eurozone, Global news, Italy, Markets, Recapitalization, Speculation | No comments

  By: David A. Smith   [Continued from the previous Part 1.]   As we saw in Part 1, the Italian government is following in a series of national governments (previously Greece, before that Spain) that when confronted with a Brussels-issued ultimatum, reject it:   “We accept it!” “We reject it!”     Sources used […]

Bail out? Bail in?: Part 1, Investing might be a bad choice of words

5 July, 2017 (09:00) | Banks, Capital markets, Eurozone, Global news, Italy, Markets, Recapitalization, Speculation | No comments

  By: David A. Smith   Is this really going to work?   As a longstanding fan of the snarky voice of Tyler Durden, one of the pseudonymous authors of the financially morbid, always incisive, and scarily provocative Zero Hedge (which, for example, thinks Uber’s market cap is about to collapse like a flash-frozen soufflé), […]

“All is well!”

3 January, 2017 (09:00) | Banking, China, Currency, Global news, Markets, Speculation |

   By: David A. Smith   When it gets away from your control, it can get away quickly, and everything you do to keep it under control just makes everyone more skittish, more eager to get away.  Judging from a year-end article in the Wall Street Journal (December 29, 2016), such a tipping point may […]

“Great job! You’re fired!”: Part 2, You’re fired!

1 December, 2016 (09:00) | Capital markets, China, Finance, Global news, Government, Lou Jiwei, organizational behavior, Politics, Speculation |

By: David A. Smith    [Continued from yesterday’s Part 1.]   As we saw in yesterday’s Part 1, using as source material a Wall Street Journal (November 7, 2016) story coupled with a personal experience from thirty-plus years ago (sepia font), Lou Jiwei had been hand-picked as China’s Finance Minister by none other than Xi […]

“Great job! You’re fired!”: Part 1, Great job!

30 November, 2016 (09:00) | Capital markets, China, Finance, Global news, Government, Lou Jiwei, organizational behavior, Politics, Speculation |

By: David A. Smith   In life there are technocrats and there are politicians, and in political situations the former usually work for the latter – and are fired by the latter where their usefulness is over.  As reported in the Wall Street Journal (November 7, 2016):   BEIJING—China removed its high-profile, reformist finance minister […]