Harsh but true words on Greece, the Euro
Greece is the canary. Europe is the coal mine. One voice calling it yellow and black.
Greece is the canary. Europe is the coal mine. One voice calling it yellow and black.
More teachers. Can’t be a bad thing. Now just to fix the quality and motivation.
Seems like the SARB is requiring South African banks to adopt Basel III (or the tweaks to Basel II that people are calling Basel III) in line with international developments. Meanwhile, it seems the FSB is still committed to a 2014 deadline for SAM. Given the range and size of stumbling blocks still to be…
News24 has an interesting, non-panicky story on possible Chilean or Australian models for greater involvement of the state in mining.
It turned out the markets didn’t have an awful day. Â Italian bond yields are actually markedly down. So I was wrong about markets being ugly as a result of the ill-conceived plans for the Euro Zone. Call me stubborn perhaps, but I firmly believe the agreement is an awful one. Â It doesn’t address the primary…
In June, after explaining why Bitcoins were an overrated fad at best and a truly awful idea for a currency at worst, I conclued “Now I just need to find a way to short Bitcoins.“Check out the price dropping from aroudn $30 to below $5.
An update to this prediction of a few months ago. US yields are around 2.09% and are looking mighty far away from the point where S&P downgraded them (2.56%). I’m feeling pretty comfortable on this one.
Banks are threatening to pull out of the Financial Services Charter, apparently due to impracticalities of complying given international regulatory developments one of the one hand and the irrelevance of complying through the advances of technology on the other.
