Mick Jagger was prescient when he sang these words in 1973:
You can’t say we never tried
Angie, you’re beautiful
But ain’t it time we say goodbye
Angie, I still love you
Remember all those nights we cried
All the dreams were held so close
Seemed to all go up in smoke
Let me whisper in your ear
Angie, Angie
Tags:Angela Merkel, Bunds, CDU/SPD, ECB, Euro, Euro/Yen, German election, Mario Draghi
Posted in Currency, ECB, Germany | 8 Comments »
The biggest news in a very slow week of news is the beginning of the Brexit plan as Prime Minister May sent a six-page memo to Brussels as Article 50 begins and the two-year time period allotted for extrication from the EU starts the clock ticking in a very formal fashion. I SAY THIS TO ALL MY READERS: Two years is a very long time. There are many political and economic events (unforeseen by the static minds of entrenched power elites) that can dynamically change currently perceived outcomes. The fragility of global politics can wreak havoc with the certainties laid down by the likes of Jean Claude Juncker. The current position of the Brussels bureaucrats is the desire to punish Britain for the temerity of its citizens to vote to exit the “UTOPIAN” construct of the European Union.
Tags:Brexit, ECB, EU, Euro, French election, German election, Greece, Italy, Mario Draghi, Portugal, Spain
Posted in Currency, ECB, Europe | 6 Comments »
First and foremost: Notes From Underground has become a global community and the outpouring of support and condolences to my family has been phenomenal. Again, my heartfelt thanks to all who expressed such wonderful thoughts.
Much has transpired since last Sunday as the Swiss franc and the Japanese yen have continued their recent weakness as intervention with the intention of forcing the YEN and FRANC lower have been very successful. Also, as usual, I will poke at this weeks circus in Davos, Switzerland. From my perspective, the entire conclave of insider trading–as the rich and business elites gather to discuss ways to save the world–in the last 20 years are a direct result of the political and economic movers and shakers exchanging ideas in the Swiss Alps. Yes, we go from crisis to crisis.
Tags:BOE, BOJ, currency war, Davos, German election, Jens Weidmann, Mario Draghi, Mervyn King, Prime Minister Abe, QE, Shirakawa
Posted in BOE, BoJ, Currency, ECB, Germany | 12 Comments »
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