undertheradar's picture

Target2 Taboo

Today I'd like to talk a bit about the virtual radio silence in the Netherlands on its growing Target2 balances. While a healthy but acrimonious debate has raged on this topic in Germany, there is almost nothing to be heard about it in the Dutch media. I did three google news searches using:


Target2 + Dutch


Target2 + Nederland

In an admittedly quick look, I came up with a grand total of one article of three sentences:

MacroAndCheese's picture

French Toast

Don't let the door hit you on the way out.

thetechnicaltake's picture

Investor Sentiment: Bulls Lose Enthusiasm

The top can best be described as a period of discussion. Is the economy sputtering? Will the European contagion effect the US economy? Will the fiscal cliff be realized? And of course, the #1 topic of discussion and the only one that matters: will there be QE3?

testosteronepit's picture

“Drachma Clauses”: Planning for Greece’s Exit from the Eurozone

“Solidarity of the union has its limits,” said even soft-spoken Jens Weidmann, President of the Bundesbank

ilene's picture

Adlerconobot Takes On Conomists' Consensual Sexpectations

One of the biggest games in the Wall Street farce is the game of Beat the Number.

CrownThomas's picture

Is Credit Trying to Tell Us Something?

As retirement is evidently on again in 2012, let's not forget to keep an eye on HYG

Phoenix Capital Research's picture

Spain is About to Enter a Full-Scale Collapse



With Spain today, we have a virtually unregulated banking system sitting atop HALF of ALL Spanish mortgages after a housing bubble that makes the one that happened in the US look like a small bump.

Tim Knight from Slope of Hope's picture

The Poop On Groupon

Only half a year ago, Groupon was the talk of the town. It was the biggest, hottest IPO on the horizon,and it was the darling of the social media industry. Imitators were everywhere, but there was one giant that was far ahead of everyone else: Groupon.

Well, one glance at a stock chart will show you just how much the biggest, hottest IPO has been embraced since it went public. I offer you the following

Bruce Krasting's picture

Is Exim going to flop?

Another political bump in the road?

CrownThomas's picture

The Gods of the Copybook Headings: Haven't We Learned Our Lesson Yet?

As it will be in the future, it was at the birth of Man —
There are only four things certain since Social Progress began: —
That the Dog returns to his Vomit and the Sow returns to her Mire,
And the burnt Fool's bandaged finger goes wabbling back to the Fire;

williambanzai7's picture


One Federal autogiro to go...

Phoenix Capital Research's picture

The European Political Games Have Hit the Point of No Return

Germany’s campaign for austerity in the EU is about to lose its biggest ally. How exactly this will play out is unclear, but it will not be conducive to the Euro lasting in its current form much longer: aside from the fact that the EU banking system is on the verge of collapse and Spain (a country too large to bailout) has now stepped to the center stage of the EU crisis, Germany is finding itself increasingly alone in its moves to rein in the ECB’s monetary profligacy.

undertheradar's picture

Dutch Budget Negotiations Fail, Elections Likely

Just a little snippet. Geert Wilders has walked away from the negotiations this afternoon. It may be about a purchasing power reduction for the lowest income class of one percent. This is what the rich fumblers at the CPB have calculated and is considered quite reasonable by some. Of course, the CPB has been wrong on occasion. The SP would like to see elections as quickly as possible, while the PvdA would like to have a debate in the house. Updates posted here as I have the time to add them.

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