Marc To Market's blog
Follow the Money
Submitted by Marc To Market on 03/28/2013 08:53 -0500A dispassionate overview of the deposit and lending data the ECB published today.
Unity of Opposites Makes Markets Nervous
Submitted by Marc To Market on 03/28/2013 05:36 -0500The Japanese yen is the strongest of the majors today, where the focus remains on Europe and the re-opening of Cypriot banks. Capital controls are in place. Sure its a contradiction, but may not prove to be fatal, despite the EMU eulogies.
One Euro or Two?
Submitted by Marc To Market on 03/27/2013 12:38 -0500Why there is still only one euro.
Cyprus Capital Controls: What to Look for
Submitted by Marc To Market on 03/27/2013 08:54 -0500A brief note on what to look for in the capital controls Cyprus will soon announce. The purpose is not to pass judgment on the merits of capital controls, but to discuss the implication.
The Day after Cyprus
Submitted by Marc To Market on 03/26/2013 06:04 -0500Calmer markets today, but European officials are finding it hard to put the cat back in the bag.
Cyprus: The Unique Template in Nine Theses
Submitted by Marc To Market on 03/25/2013 16:12 -0500Overview of implications and consequences of Cyprus 2.0.
Week Ahead
Submitted by Marc To Market on 03/25/2013 05:25 -0500A review of the implications of the new deal struck on Cyprus. We think three of the worst pitfalls have ultimately been avoided--small depositors protected, orthodox seniority of claims respected, and extensive capital controls averted. The political will to preserve EMU has once again triumphed over ideological purity. We review the economic calendar for the week ahead.
Currency Positioning and Technical Outlook: Dollar Correction at Hand?
Submitted by Marc To Market on 03/23/2013 06:52 -0500An overview of the technical condition of the major currencies. See why we anticipate a heavier US dollar in the week ahead.
Cyrpus: Our of the Frying Pan into the Fire
Submitted by Marc To Market on 03/21/2013 09:22 -0500The likely outcome of the Cyprus crisis now looks to be even worse for the average Cypriot that appeared likely over the weekend. Those who think countries would be better off outside EMU rather than in, just might be able to test their hypothesis. We suspect they will be sadly surprised to learn that the only thing worse of getting in is getting out.
Thursday's Seven
Submitted by Marc To Market on 03/21/2013 05:38 -0500A dispassionate review of yesterday's developments and today's.
EMU = not Enough Monetary Union
Submitted by Marc To Market on 03/20/2013 09:23 -0500It is not just that there is a monetary union without a fiscal union, but European monetary union itself is incomplete.
What Next?
Submitted by Marc To Market on 03/20/2013 05:40 -0500Given the relatively calm market reaction to yesterday's vote by the Cyprus Parliament, the UK budget and the US FOMC meeting will be vying for attention today. Got Milk? Milk prices have soared again in New Zealand to distribute the drought induced scarcity. Whole powder milk prices jumped 21% in the latest fortnightly auction, while volumes fell 28%.
UK Budget: More Austerity not Less
Submitted by Marc To Market on 03/19/2013 08:56 -0500Preview of tomorrow's BOE minutes and Osborne's budget.
Dollar Firm, Anxiety Still Running High
Submitted by Marc To Market on 03/19/2013 05:54 -0500General market update and developments in Cyprus.
Cyprus and other Market Movers
Submitted by Marc To Market on 03/18/2013 05:26 -0500An update on Cyprus and what else the week has in store.
