Greece

Hedge Fund Of Hillary Clinton's Son-In-Law Has Shut Down

Eaglevale Partners, the hedge fund co-founded by Marc Mezvinsky, the son-in-law of Hillary and Bill Clinton, closed in December, according to a person with knowledge of the matter. Eaglevale, based in New York, is in the process of returning money to clients.

Frontrunning: February 8

  • Stock futures little changed amid earnings rush (Reuters)
  • Workers Set to Strike at World’s Largest Copper Mine (WSJ)
  • For Trump Travel Ban, Hard Questions From U.S. Appeals Court (BBG)
  • Melania Trump Sues Mail Online for $150 Million (BBG)
  • Ivanka Trump oversaw Murdoch daughters’ trust (FT)

Political Worries Keep Europe On Edge As Earnings Push Stocks Higher; US Futures Unchanged

In a mostly quiet Wednesday session, Asian stocks rose overnight along with European bourses, which were led higher by miners after Rio Tinto posted higher profits for the first time in three years and a bigger-than-expected dividend, while India’s Sensex extended declines after the central bank unexpectedly left rates unchanged. US futures were little changed as oil continued to fall after API reported a huge inventory build

Dear IMF, Please Put Greece Out Of Its Misery

For the umpteenth time, the IMF has warned that Greece cannot meet fiscal targets set by its creditors. And once again, the IMF insists that it will not be a part of the “Troika” unless the goals on Greece are realistic. History suggests the IMF will cave in to Germany and agree to some half-baked plan (make that 1/8th baked plan) that will supposedly put Greece back on track. Such nonsense has been going on for years. Mercy, Please!

Fight Among Greek Creditors Over "Explosive" Debt Sends Greek Bond Yields Soaring

Greek 2Y bond yields soared, approaching 10% for the first time since September 2016, as an increasingly bitter fight between the nation’s creditors over its fiscal targets raised concerns it is running out of time to complete yet another review of its bailout program, and even sparked concerns a 4th Greek bailout may be in the offing.

With The Greek Crisis Back, There Are Five Possible Scenarios From Here

Greek yields have surged in the past week as the country didn’t secure a positive review at the Eurogroup on 26 January. Additional noise came from indications that the IMF still views the Greek debt as unsustainable without further measures from the Greek government. In short, the crisis is back. There are five possible scenarios from here.

'Unrest' Is The Only Growth Industry Left

As for the political field, unrest will continue and grow because the end of economic growth means the end of centralization, and our entire world, politically, economically, what have you, is based on these two things. Today, unrest is the only growth industry left. And it’s not going away anytime soon. It’s a new day, a new dawn, it’s just that unfortunately this is not going to be a pretty one.