That Hyddeous Strength

The political and social disruption resulting from eurozone nations being processed like sausages will wear on investors’ nerves, in the same way that living near a slaughterhouse and listening to the screams of livestock being rendered, weighs on the mood.

Fixed Again?

Forget Europe though, the scariest news of the week to me is HSBC taking $1.8Bn of loan impairment charges last quarter as large amounts of customers simply stopped paying their mortgages.  

Italiano Absurdo

The notion of more austerity and  economic growth solving Italy’s debt trap is the pinnacle of silly season.