Seeking Alpha
View as an RSS Feed

Nicholas Kennedy  

Latest  |  Highest rated
  • Italy's Demise Puts Eurozone Past Point Of No Return [View article]
    @ dalsauce, you make 6.43% sound as if it is a result. Try funding at those rates with Italian debt levels, growth rates and demographics.

    The only solution is to craft an environment that suits growth, that is the crux of the European problem, thus far none of the initiatives taken have even addressed this issue. End games generally deliver solutions. We have yet to see this.

    It's a little unfortunate that its an issue that's so highly politicised, I think it really blurs the risks, perhaps one reason that markets have been so resilient.
    Nov 12, 2011. 02:26 PM | Likes Like |Link to Comment
  • Italy's Demise Puts Eurozone Past Point Of No Return [View article]
    Agree, it's a well trodden argument. But the crisis is a reality.

    There have been factors supporting the euro, rate differentials principally thanks to the unwarranted tightening the ECB enacted earlier in the year not to mention the Fed pro-actively talking down the dollar, more recently we've heard talk about European's repatriating cash to cover bond losses too. But the EUR has been trending lower for some months now, albeit slowly.

    All about patience I think.
    Nov 10, 2011. 05:42 PM | 1 Like Like |Link to Comment
  • Greek Referendum Spanner Threatens To Break Austerity Model [View article]
    Interesting how the market is reacting to referendum offer being withdrawn, Greek's accepting austerity doesn't change anything, it's just another can kicking exercise. EU need to focus on growth, eurozone recession will add to the existing problems, worry now is Italy but French downgrade equally a big risk.
    Nov 4, 2011. 07:43 AM | 1 Like Like |Link to Comment