Category: Global news

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 […]

Always look on the bright side … or else (dee doo): Part 3, Afloat when they should sink

27 May, 2016 (09:39) | Argentina, Capital markets, China, Economics, Exchange rates, Global news, Government, Housing, Speculation, Statistics |

 [Continued from yesterday’s Part 2 and the preceding Part 1.]   By: David A. Smith   As established in Parts 1 and 2 of this post comparing an unlikely pairing, Argentina and China, using as source material the Wall Street Journal (May 3, 2016) and Significance, December, 2012; Albiceleste font), we’ve seen that Argentina’s charismatic […]

Always look on the bright side … or else (dee doo): Part 2, anything but journalism these days

26 May, 2016 (10:00) | Argentina, Capital markets, China, Economics, Exchange rates, Global news, Government, Housing, Speculation, Statistics |

[Continued from yesterday’s Part 1.]   By: David A. Smith   If life seems jolly rotten There’s something you’ve forgotten And that’s to laugh and smile and dance and sing. Yesterday’s post conjoined the odd couple of Xi Jinping, president of China, and Graciela Bavacqua, at the time Argentina’s chief statistician, around the subject of […]