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George Liu
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George is currently a Managing Director at Lion Fund. He has written for Seeking Alpha, The Motley Fool, Investing.com, Psychology Today and his works have been featured on Seeking Alpha's Wall Street Breakfast, MSN Money, Yahoo! Finance, AOL DailyFinance, CNNMoney, CNBC, MarketWatch, TheStreet,... More
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  • EU "Troll Patrol"

    According to The Telegraph, the European Parliament will spend nearly

    £2 million to monitor public opinion of the European Union.

    A note to the European Union: the Euroscepticism is the result of extremely unpopular and ineffective austerity measures implemented throughout the Eurozone. Perhaps you should try and address the root of the problem first before trying to affect public opinion of what has been very public economic failures. The problem isn't that the citizens are reacting. The problem is what they're reacting to.

    Apr 10 10:14 PM | Link | Comment!
  • Greece Has A Merkel Shield

    As of now, it seems like nothing can block the flames of the firebreathing dragon Germany, which, along with the troika, is demanding increasing rounds of austerity from troubled Eurozone countries such as Greece.

    Well, a panel of historical experts has determined that Germany owes Greece 162 billion euros in World War II reparations. More from Kathimerini:

    To Vima reports that the experts found that Germany should pay Greece 108 billion euros for damage to infrastructure and 54 billion euros for a loan that the Nazi occupation forces obliged Greece to take in order to pay Berlin during the war.

    This sum equals 80% of Greek GDP and, more importantly, would unchain Greece from the horrible aid-for-austerity approach advocated by Germany. With the excess funds, Greece would be able to increase stimulus and calm down social unrest.

    Will Germany ever pay the 162 billion euros? Unfortunately, probably not. But perhaps Greece could dangle this over Merkel the next time she demands more cuts and use this as a Merkel Shield (trademarked).

    Apr 08 9:05 PM | Link | Comment!
  • How's Austerity Going, Rajoy?

    Spanish Prime Minister Mariano Rajoy recently heaped a new round of harsh austerity measures on his country, announcing sweeping cuts and tax increases totaling €65bn in order to appease the troika enough for it to release another series of bailout packages to Spain. Previous austerity measures have crippled the Spanish economy and plunged it further into recession.

    How far?

    Unemployment is at 25 percent and Spain's economic crisis has been dragging on four five years. Perhaps more alarming is that it shows no signs of slowing down.

    According to Reuters and Axesor, a record 2,564 Spanish companies filed for bankruptcy in the first quarter of 2013. This represents a 45% Y/Y increase in bankruptcy filings! Overall, almost 28,000 Spanish companies have filed for bankruptcy.

    Austerity's effects on a demand-sapped economy is taking its toll by taking more demand out of the equation while also cutting aid to those hurt by the weakening demand. Let's hope Rajoy changes course soon.

    Apr 08 8:54 PM | Link | Comment!
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