» European Markets

Slow growth is embedding itself solidly into the US economy and the bond mayhem in Europe continues.  The external environment for China is getting worse.  This will almost certainly make China’s adjustment – when Beijing finally gets serious about it – all the more difficult.  With stil...

What in the wide, wild world of monetary policy is the Fed doing, giving essentially unlimited funds to European banks? What are they seeing that we do not? And is this a precursor to even more monetary easing at this next week’s extraordinary FOMC meeting, expanded to a two-day session by Bernank...

The real title should be “The U.S. Fed Bails Out Europe”.  Overnight the major central banks around the world decided to cooperate to offer three-month U.S. dollar loans to commercial banks in order to prevent money markets from freezing up because of Europe’s sovereign debt cri...

The question of the day (for which everyone should know the answer) is Can Government Lies Calm the Markets? In spite of the fact most of us realize lies will not help, and most often makes matters worse, governments repeatedly resort to lies, platitudes, and wishful thinking. Jean-Claude Juncker, L...

This post, in and of itself, should demonstrate to the entire sell side of Wall Street, the mainstream/popular media outlets and all who may follow them that BoomBustBlog forensic research and analysis is simply superior to much of what is significantly overpaid for in terms of investment advice and...

“I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.” - Romano Prodi, EU Commission President, December 2001 Prodi and the other leader...

ECB Executive Board Member Juergen Stark resigned on Friday, apparently because of opposition over the central bank’s bond-buying program. “That makes ECB policymaking more difficult,” said one analyst. The euro extended losses against the dollar [EUR=X  1.3732    -0.0149 ...

Today’s economic news from Europe was grim, as illustrated by this Reuters article featured at CNBC. The DAX was particularly hard hit, down 4.04% today and 31.06% from its interim high on May 2nd. Here is a closer look at the DAX since 2007. I’ve highlighted the all-time high and thre...

Inquiring minds have watched Greek 1-Year bond yields approach 100%. 2-year Greek bonds yield 55% (assuming interest and principal is paid – but it will not be). Greece will be out of money no later than October 17 unless it gets the next trance of money as noted in Prospect of empty coffers ...

Equity markets are up across the board, but particularly Europe following a German court decision that everyone pretty much knew would happen anyway. Please consider German court reins in Berlin on euro crisis. The Constitutional Court in the southern city of Karlsruhe rejected, as expected, a seri...

Whenever something of significance happens in the financial world I struggle to answer the question, “Why now?” There can be clues to markets if that question is answered accurately. If nothing else, it puts things in their proper perspective. I’ve been wondering about the timing of the big...

Oh, it’s a long, long time from May to December, But the days grow short when you reach September. When the autumn weather turns the leaves to flame, One hasn’t got time for the waiting game. The classic American pop standard September Song debuted in 1938. The Dow turned in a good ...