An 'orderly' bankruptcy is being considered for Greece. What an oxymoron statement i.e. an 'orderly' default...
http://bloom.bg/nxZt9N
IMF will soon have to reactivate NAB if they havent...
http://bit.ly/bT5QWm
Since Jurgen Stark (A Bundesbank kingpin) resigned from the ECB board last Friday, Europe & US sessions got spooked & Asia too will be a sellside adding the Greece default drama...
TASE 25 index lost 3.56% as per yesterday's trading.
http://www.tase.co.il/TA...ction=1&IndexID=142
http://finance.ninemsn.c...chief-economist-resigns
As per the telegraph, the horrific headline will sell like hot cakes...
http://www.telegraph.co....ssured-destruction.html
Scubidu & Kizee1 - Start watching the German bund yield. This drama of the EMU on a cliff-hanger is too juicy to ignore...
And considering one ndungu wanted KE to float a eurobond this year is absolute idiocy to say the least. How CBK will stabilize the fx volatility & inflation with such dim analysis of the global debt market outlook will be a miracle...
Some catchy words going into 2012 onwards - debasement, devaluation, re-coinage etc...
Meanwhile in jap land, the new gubberment just 8 days old, sees the Trade minister quit. Seems resignation is in vogue in the public affairs arena in 2011. Tough times for this career field as well as financials...
http://bit.ly/ofwt2v$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!