Originally posted at Capitalstool. The market is now operating in “Warren Space” What is Warren Space???? It’s the difference….the space….between the Governments “Implicit ” and…
With Credit Suisse’s troubles supposedly an anomaly, markets were hopeful a European banking crisis had been quickly nipped in the bud.
Not so fast.
Anger in the National Assembly, violence in the streets and the Bordeaux town hall on fire. Macron’s pension reform may have passed in the National Assembly following the Borne government’s use of Article 49-3 of the constitution, but a large part of t…
In most countries, the average effective labor market exit age is lower than the official full pension age. In the European Union, for example, the majority of Member States have set the legal retirement age at around 65 (62 to 67), but as the most rec…
Every day at the stroke of noon here in Nice, there’s a cannon blast. This has been going on for 160 years. It’s to remind the mayor that it’s time to go home from his morning dalliance, lest his wife catch him.
For the longest time, every day wh…
Everyone wants a trend they can trade for effortless gains. That may no longer be realistic.
Bankruptcies In the Euro Area increased to 27.40 percent in the fourth quarter of 2022 from 20.10 percent in the third quarter of 2022. Bankruptcies in the Euro Area averaged 0.95 percent from 2015 until 2022, reaching an all time high of 27.40 percent…
If there has been one consistent theme in Jerome Powell’s statements throughout the inflation crisis, it’s been this: we’re not done yet. Whenever he was asked about future rate hikes, he repeated the same mantra of doing whatever is necessary to rein …
CUSIP: 912797LM7Term and Type: 17-Day BillCMB: YesOffering Amount: 45 BillionAnnouncement Date: 03/23/2023Auction Date: 03/28/2023Issue Date: 03/31/2023Maturity Date: 04/17/2023PDF | XML
CUSIP: 912796YN3Term and Type: 7-Day BillCMB: YesOffering Amount: 30 BillionAnnouncement Date: 03/23/2023Auction Date: 03/28/2023Issue Date: 03/30/2023Maturity Date: 04/06/2023PDF | XML