Posts Tagged ‘ Greece ’

Bloomberg Finds Greek Bonds on Bill Gross’ Black List

Mar 26th, 2010 | By Rob
Bloomberg Finds Greek Bonds on Bill Gross’ Black List

The “bond king” of PIMCO, Bill Gross, tells Bloomberg and the world his strategy on the issue of Greek debt… “Stay away!” In the interview, Gross explains recent moves of the Absolute Return PIMCO fund, including record low holdings of Long Term U.S. debt and increased holdings of “core” European bonds, most notably Germany. Having
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TARP 2.0 : Will the E.U. Let One of Its Own Die?

Feb 26th, 2010 | By Rob
TARP 2.0 : Will the E.U. Let One of Its Own Die?

Even after the TARP fund liquidity injections in the U.S. financial sector in 2008, the E.U. has decided to bail out one of it’s member states, Greece, from insolvency. How can this even be considered? Yes, the EU constitution is a whopping 7 years young and therefore demands a minuscule thread of adherence by member states,
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U.S. Treasury Insolvency: “It’s Greek to Us”

Feb 11th, 2010 | By Rob
U.S. Treasury Insolvency: “It’s Greek to Us”

“That will never happen to this country.” – Timothy Geitner in response to suggestions that the U.S. Treasury may one day lose its Aaa credit rating. Perhaps inspired by Niall Ferguson’s dramatic Financial Times piece, “A Greek Crisis Coming To America“, we see today as a prime opportunity to recap our short U.S. Long Term
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