No Eurobonds 'As Long As I Live'

In my April post “Have You Forgotten European Credit Default Swap“, I have shown you the chart of CDS in euro zone when many were talking about “the worst

Read More

Have You Forgotten European Credit Default Swap?

It seems investors are not affected at all by the recent market correction and Sumatra earthquake. New IPO of palm oil firm Bumitama soared on debut, rising 32%

Read More

Take a look at Greek debt problem from a Folli Follie point of view

In Oct last year, I wrote a blog entry “Greece Default Almost Certain“. Now it is 2012 Feb, Greece “still hasn’t defaulted”, instead, the creditors took 50% haircut

Read More

"We wish you well", Euro

“We wish you well”, that is what British Prime Minister Cameron said during European Summit last week, when he is the only one refusing to agree the new

Read More

US Super Committee fails to agree on deficit reduction, What is Next?

When Euro Debt Crisis is still in a deadlock, US Supercommittee, who are responsible for coming up with USD1.5 trillion in budget deficit cuts, admitted that they would not reach

Read More

The Collapse of MF Global and its impact

Street Fighters When I was reading “Street Fighters – The last 72 hours of Bear Stearns, The toughest firm on Wall Street” by Kate Kelly, the news broke

Read More

Spain Downgraded Again, Greece Default Almost Certain

After Fitch Ratings downgraded Spain on Oct. 7, Standard & Poor’s cut Spain’s credit rating to AA- last week, for the third time in three years. It appears

Read More

Why Dexia Bank Collapsed Even After It Passed Stress Test

On 10 Oct 2011, Belgium, France and Luxembourg agreed to nationalise Dexia, Belgium’s biggest bank. Ironically, this happened just 3 months after it passed the stress test. In

Read More

Four Potential Scenarios of Eurozone Debt Crisis

I came across this report from Mike Story, Economist at Western Asset Management discussing four potential scenarios of Eurozone debt crisis Scenario 1: No Eurozone Restructuring This is

Read More

S&P Cut Italy's Credit Rating from A+ to A

According to Bloomberg, Italy’s credit rating was cut by Standard & Poor’s on concern that weakening economic growth and a “fragile” government mean the nation won’t be able

Read More