Larry's Blog
Weekend Musings
October 17, 2011
The motto of European debt crisis negotiators seems to be, “why do today what can be put off until tomorrow?” For two years, hard deadlines have come and gone with officials making minimalist concessions and then only when threatened with dire market consequences. Some pundits are starting to suggest that it may be worth it […] More
New Overnight Developments Abroad - Daily Update
Pivotal Week Ahead for the EU Crisis
October 17, 2011
Amid mixed signals on resolving the EU debt crisis, investors are clinging to hope. Equities and commodities are higher, but the euro has softened. The G20 wants a resolution by October 23rd. The plan is expected to include a 50% haircut for bondholders, which major European banks are resisting, aid to Greece, a levered ESEF, […] More
