Author: RA

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Daily News Roundup 2012: Monday 20 February

Good morning The headlines: Europe is meeting (again) about Greece (again). Some of the finance ministers seem to be saying that bailout is the only avenue that’s likely to gain a majority vote. Greek Prime Minister Lucas Papademos has told the commission that the extra budget cuts have been found, and further commitments have been […]

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Daily News Roundup 2012: Friday 17 February

Good morning I seem to have woken up to a land without wifi. This is both disconcerting and inconvenient. But it does remind me how lucky we are to live in a world of constant internet. After all – not everyone can claim that: I remember the dial-up days… The headlines: No real news on […]

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Daily News Roundup 2012: Thursday 16 February

Good morning The headlines: And in the Greek Bailout News, the politicians seem to be throwing around insults. But that said, I see that the Netherlands has suggested something which sounds quite sensible on first read. Why not give Greece a bridging loan until after their elections? My response to that is: what’s to stop […]

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Daily News Roundup 2012: Wednesday 15 February

Good morning The headlines: The Greek see-sawing continues as the EU leaders cancel today’s scheduled meeting and insist that the Greek government do more. If you’re bored of reading it – let me tell you how bored I am of writing it. I’m afraid that I can’t tell if the EU leaders are over-stepping their […]

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Daily News Roundup 2012: Tuesday 14 February

Happy Valentines Day! The headlines: Moody’s has announced a negative outlook for the credit ratings of France, Austria and the UK. The ratings agency also downgraded Spain, Portugal, Italy, Slovakia, Slovenia and Malta. The markets, however, appear to be ignoring them. Link: Rating Downgrade. For a fuller explanation of ratings agencies and downgrades, click here.  In […]

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Collateralised Debt Obligations. Robligations?

So, in my last article post on this topic, I talked about Mortgage-Backed Securities AKA Collateralised Mortgage Obligations (click here). The key points: A bank/mortgage-lender builds a pool of mortgages. It repackages the cash-flows that it will receive from the mortgage pool, and sells them to investors as Mortgage-Backed Securities (MBSs). The MBSs are split […]

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Daily News Roundup 2012: Monday 13 February

Good morning Observation: when your Monday morning begins with Celine Dion on the radio, you know that Valentines Week is upon you. And, no doubt, I will spend a lot of my day hearing how Whitney, bless her soul, will always love me. A musical tragedy, this weekend. But the news: The Greek Parliament passed […]

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Daily News Roundup 2012: Friday 10 February

Good morning The news: The Greek Bailout package has been withheld until the new austerity measures are voted into law. That’s really the full story. At least the EC & Co have realised that promises aren’t the same as legislation. Politicians are politicians, after all. Asian stocks are falling – and the journalists say that […]

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Leaving the Euro: Such a Cost

All of them.

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Daily News Roundup 2012: Thursday 9 February

Good morning Here goes: The Greek government has failed to reach consensus on the new bailout package requirements. The issue, apparently, is pension cuts. Papademos and Venizelos are taking it back to the Troika – so we shall see whether the Troika is willing to debate on this. But the frustration continues to grow. Greek […]

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