Archive - Apr 1, 2014 - Blog entry

Did Facebook really just buy a company at THESE Valuations?

High Frequency Nemesis...

European leaders may have felt a momentary brief lapse in the wary feeling of disdain that has existed between them for years now, but that was once exacerbated by the financial crisis and the entire PIGS- story that ensued, with the debt crisis.

Considering that Europe’s problems took years to unfold, despite the clear evidence that its banking system was virtually insolvent, the fact that things appear calm in Europe today doesn’t really say much about the true state of affairs over there.

Shockingly, the UK government will now be able to directly access taxpayers’ bank accounts, under little noticed measures announced in this month’s Budget speech. The significant HMRC legislation change was buried deep in the Budget document and comes amid preparations by the Bank of England for bail-ins.

France may ask for more time to reach its fiscal objectives.