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michaelpelly commented Jul 14, 2015Not that word again please :-).
Retail Sales in U.S. Unexpectedly Fall on Broad-Based Retreat
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michaelpelly commented Jul 14, 2015Of course - who else than the London city banks...:-) Daily mail and telegraph went out of article for EU doom and gloom :-). The other "usual suspect" is UBS. I wonder when they will pop up :-).
British banks back in forex firing line as investors and banks prepare court action over...
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michaelpelly commented Jul 14, 2015Right :-). We all see what happened to the British automotive industry (partially owned by German car manufacturers) :-). UK media has hard time adjusting to the idea that Germany is leading the parade these days in Europe and all Telegraph and ...
Greeks to be furious when government chops up country for fire sale
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michaelpelly commented Jul 14, 2015Who knows - maybe Diijselbloem punched him couple times in the men restrooms :-).
Greeks to be furious when government chops up country for fire sale
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michaelpelly commented Jul 14, 2015But they are standing, the problem is that their standing is until they realize they will not get 14 public salaries or pensions per year. At this point their standing is loosing legs, because the "beast" don't want to pour money.
Greeks to be furious when government chops up country for fire sale
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michaelpelly commented Jul 13, 2015What a tragedy - they will not get 15 salaries and pensions per year.
Greeks to be furious when government chops up country for fire sale
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michaelpelly commented Jul 13, 2015If you listen to UK media - we are waiting for EZ collapse at least since 2009... All I can see on the chart is that GBP/USD was 2.11xx back in 2008, now is more close to 1.46xx.
European parliament head Schulz says Grexit-lite is not going to happen
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michaelpelly commented Jul 12, 2015One thing to watch - how much the books are cooked - oh wait we've seen this once the credit started to crumble and stock were brutally sold off.
Five Things to Watch in China’s GDP Report
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michaelpelly commented Jul 12, 2015And their new PM will have some flurish name like xxxx xxxx Mao. :-). Asian stock markets may not last till October...
The Greek "Choice": Hand Over Sovereignty Or Take Five Year Euro "Time Out"
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michaelpelly commented Jul 12, 2015Yes, but the problem is the people get used to government spending and 14 salaries per year (and the 14 pensions too) and will not share your vision. This is how the populism rules Greece for 30+ yrs. It is not Greek patent though - it is just ...
The Greek "Choice": Hand Over Sovereignty Or Take Five Year Euro "Time Out"
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michaelpelly commented Jul 12, 2015Sometimes you just need to take the pain :-).
The Greek "Choice": Hand Over Sovereignty Or Take Five Year Euro "Time Out"
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michaelpelly commented Jul 12, 2015We hear this from the British media more than a decade. Last time I checked euro is still there.
The Greek "Choice": Hand Over Sovereignty Or Take Five Year Euro "Time Out"
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michaelpelly commented Jul 12, 2015That's a helluva weapon :-).
Tsipras Given 72 Hours to Win EU’s Trust by Passing Bailout Laws
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michaelpelly commented Jul 12, 2015Maybe he would have to visit Chechnya and Donbas to see how this will play out for his people. I want to puke when I see brainless russofillia.
Tsipras Given 72 Hours to Win EU’s Trust by Passing Bailout Laws
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michaelpelly commented Jul 12, 2015They are not selling a lot of those because of the Euro low value, but because those are damn good :-).
Tsipras Given 72 Hours to Win EU’s Trust by Passing Bailout Laws
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michaelpelly commented Jul 12, 2015I think he is sarcastic :-).
Greece needs to do more to start third bailout talks - Eurogroup draft
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michaelpelly commented Jul 11, 2015He have talents - can't deny it. But he lacks habit and vision to deal with his Europe partners. The "barking" negotiation strategy is not welcomed. And Greece will basically accept almost three same terms as discussed 3 months ago. So what the bank ...
Is Alexis Tsipras Brilliant or Just Lucky?
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michaelpelly commented Jul 10, 2015I think they intervene only on certain levels. Obviously can't do it all the time.
SNB side-lined as EURCHF tumbles
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michaelpelly commented Jul 10, 2015You will find that 90% of the people that are posting comments here doesn't have any clue in social, cultural, political or monetary principles. EU is political and trade union, EZ is monetary union. There are 28 nations members of EU, and only 19 ...
The Greek reform proposals