Bruce Krasting

Cyprus – Who’s to Blame – Brussels? The US Navy? – Bruce Krasting

If you listen to the likes of Jeroen Dijsselbloem, (LINK)  you might conclude that the problems in Cyprus were all about the big offshore depositors who flooded the local banks with cash. It you start with the ‘logic’ that the depositors are to blame, then it’s not hard to reach a ‘solution’ with haircuts of 40-80%. I…

On the Circus in Europe – Bruce Krasting

I’m flabbergasted that Cyprus is the cause of the circus in Europe. Cyprus was an avoidable problem in my opinion. That view is supported by the fact that all of the words, actions (and threats) by the deciders in Northern Europe have been decidedly negative. There was no “Can Do” talk. All I heard was, “We won’t do” or “Here…

The Week That Was – Money Centers in Focus – Bruce Krasting

What an interesting week. Monday brought a wave of righteous indignation over the thought of a haircut for Cypriot depositors, on Friday everyone is cheering the idea that deposits over E100k are going to gets ‘faced’ for 40%. The Cyprus story is far from over, but there are some lessons so far: Follow the money.…

Bernanke’s Policy = Reckless Endangerment – Bruce Krasting

Reckless endangerment: A culpable disregard of foreseeable consequences to others from the act or omission involved. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in…