Oh, I see. Do you have a credible source you can quote that confirms an independent central bank can generate additional liquidity in another nation's currency?

Germany, France press Greece to make credible proposals

Please enlighten us about how realistic it is for Greece to not go back to the Drachma. Last I checked they had a very limited supply of Euros, and running out of them rapidly. Do you think the ECB is going to grant them authority to run an internal ...

Germany, France press Greece to make credible proposals

Democracy is a bitch, ain't it?

Statement of the Eurogroup President following the referendum in Greece

Leaving aside the cost and benefit analysis of either eventuality, Argentina in fact voluntarily offered a restructuring program post-default. Despite the fact that this subsequent restructuring only stipulated a return of a small portion of the ...

Greece must sign a deal now

There would not need to be a restructuring unless the debtor was unable to pay as agreed. Greek debt was in fact already restructured three years ago, precisely because they were unable to pay as agreed, therefore requiring bondholders to take ...

Greece Over the Brink

Nice theory. Good luck collecting on that "continued" debt in Euros after they exit. Repayment/restructuring will be up to the nation to offer the bondholders... might take them 10+ or more, if ever. Oh, and also good luck getting them to agree to ...

Greece must sign a deal now

Are you saying these two options aren't basically the same thing? When the lender is unable to get repaid in full thus violating the loan terms and is forced to accept a loss - that's not a default?

Greece Over the Brink

Take a look at what happened to USD pairs in late summer of 2008, and during the mini-apocalypse weekend in September. This move by the EUR is highly reminiscent of those events, likely with similar underlying causes.

5 Reasons Why EUR/USD is higher after the Greek escalation

LOL @ what? You understand how bankruptcy works? This isn't exactly an unprecedented scenario - study history a bit (hint: Argentina).

Greece must sign a deal now

Notice this was authored by a panel of all Greek economist academia... tells you something, right? But why would an exit be a disaster for Greece? First, all their debts would be wiped out - it's a clean slate. Second, they would be able to manage ...

Greece must sign a deal now

Likely due to spiking bond yields - at the very least Greek ones. Also, impending liquidity problems with EUR based institutions. Finally, on the whole USD has lately been positively correlated with equity markets - on a big down day for stocks like ...

EUR gap filled

They are going to default, just like they already have in the past: url

Greece’s Tsipras Calls July 5 Referendum on Bailout Demands

I thought these clowns were short E/U a couple of days back, targeting 1.09? Someone's actually paying them salaries, and end of year bonuses?

Now’s not the time to bet on the dollar, Nomura says

Why would the Fed care about election year? Does raising or not raising rates serve the agenda of a specific party they are allied with (assuming they are)? Total nonsense.

FOMC Press Conference

Short E/U first, ask questions later. <eom>

FOMC Press Conference

If I was Greece, I would tell my creditors "YOU fucked up. You trusted us". And I'd be right.

Greece creditors meeting in Berlin has now ended

Pretty sure 1.5B euros exceeds the entire yearly GDP of Greece at this point.

DAX: Greece deal hopes, bullish trend still intact

BOJ may not have a specific target but at some point currency depreciation for a country like Japan that doesn't have any natural resources of its own will lead to reduced domestic profit margins, and overall slowdown or even stagnation. At the same ...

USDJPY Bulls May Target 12-Year High near 124.00 Next

The hysteria over rising USD rates will surely die down once it actually happens. Optimistically, there will be one hike this year, from <0.25% to maybe a firm 0.25%, but that's it. This pair got way ahead of itself... good luck.

USDJPY Bulls May Target 12-Year High near 124.00 Next

You must be one of these rare people whose food, housing and transportation expenses are zero. There is no doubt it feels that way to Bill.

Gates, Richest Man, Says $40,000 Goes Further These Days