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Not Niagara Falls Yet Speaking of Bubbles Balloons in Search of Needles German Engineering Goes Too Far Shale Field Storm Warning Euro Crackup Muddling sans Drama Detroit, Toronto, San Francisco, Portland, and New York I love waterfalls. I’ve seen some of the world’s best, and they always...
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Winter Is Coming How Much Is That Euro in the Window? Bashing Germany and Other Fun European Activities Enter the Rebels Can Europe Handle One More Shock? Navigating the Unknown: What Investors Need to Know for 2014 New York, Seattle, Geneva, Saudi Arabia, and Dubai The Finest Prime Rib Ever In 2009...
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Greece Must Stay in the Euro Beware of Greeks Bearing Bonds Contagion, Thy Name Was Greece Prisoner of the Bureaucracy Toronto, New York, Washington DC, Las Vegas, and Argentina I wrote some time ago that Greece had a choice between Disaster A: staying in the euro; and Disaster B: leaving the euro. I...
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The War for Spain Spain Goes “All In” “We Are Not Greece” The New Labor Force A Little Blue Suede Shoe Trouble I fully intended to ignore Spain this week. Really, truly I did. I had my letter all planned, but then a few notes drew my attention, and the more I reflected on them...
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Solving the Mayan Code To Solve the Crisis You Must Solve Three Problems Getting Simple About Europe How Much Risk Do You Want in a Government Bond? Do You Have a Spare €1.5 Trillion? Singapore, Cape Town, and Thoughts on Hong Kong One of the interesting things about being in Hong Kong is that I...
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What Next? Where Next? A World with Too Much Debt Debt Restructuring and Write-Offs The Euro Zone: Pouring Fuel on the Flames What If… ? The Year(s) Ahead Auld Lang Syne "Whoever cannot seek the unforeseen sees nothing for the known way is an impasse." ― Heraclitus, Fragments Which path...
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I had the pleasure of spending the morning and part of the afternoon today with Louis Gave and Anatole Kaletsky at a seminar here in Dallas; and we shared a long lunch, where Europe and China were the topics of conversation. So, with their permission, here is their latest "Five Corners," in...
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Europe is rapidly approaching the denouement, the Endgame, of its currency experiment. The outcome is not clear, at least to your humble analyst, as the debates rage and there are huge pluses and minuses the 17 nations must decide upon. But the proverbial road down which the can is tumbling and clattering...
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Where Can I Find €3 Trillion? When Leverage Comes Back to Haunt You The German Dilemma So How Do We Solve the Eurozone Problem? Where Is the ECB Printing Press? DC, Cleveland, and New York Europe remains the focus of markets, and rightly so. But the picture is not as clear as one would like. Different...
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A Definite Plan (Minus Those Sticky Details) Dear Mario When Leverage Is the Kind-of Answer Meanwhile Back in Portugal Let’s Just Change the Rules San Francisco, Kilkenny, Atlanta, DC … and the World Series Loss Where is the peace dividend that was supposed to come after the end of the Cold...
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The Consequences of Austerity Euro Break-Up – The Consequences Welcome to the Hotel California The Slow March to Recession in the US Preparing for a Credit Crisis What Can You Do About the Weather? Europe, Houston, New York, and South Africa “I am sure the Euro will oblige us to introduce...
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The Contagion Risk of Europe Will the Euro Survive? A Greek Coup? No Good Deed Goes Unpunished Home Again, Home Again I am back from Europe. The last three weeks I spent quite a bit of time talking with money managers and investors from a lot of countries, as well as numerous locals about the European...
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In This Issue: Economic versus Political Theory Trichet Says “Non!” Again What Will the EU Do? All for One Euro and One Euro for All? We’re Off to Europe I have been doing a lot of reading this week, and today we look at some of the thoughts that keep coming to my mind. We’ll...
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This week I thought I would give you an Outside the Box with a more European flavor, as I am in Tuscany at the moment and on to Paris later this week and then back here for a working weekend with partners. Life is tough. :-) Dylan Grice of Societe Generale (based in London) is fast becoming one of my...
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The cause célèbre these days is the potential reconstitution of the eurozone: ie, Germany leaving it, or Greece getting kicked out. To look a little deeper, today I'm sending you STRATFOR's take on these two scenarios. STRATFOR explores the geography of the continent and the historical context...