Author: News Desk

January 30, 2015 0

POPA throws a curveball

By News Desk

Tweet The American Physical Society has some fracticiousness going, centered on the rewriting of a 2007 statement on climate change.  The latest to emerge from the sausage factory is a report by Philip Taylor , representative of the Forum on Physics and Society (the extreme "left wing" as it were of the APS) on the Panel on Public Affairs (the establishment) charged with issuing position statements.

January 29, 2015 0

Slope of Hope vs. Reality: Greek Assets Hammered, 3-Year Yield Near 17%; Worst Day Ever for Greek Bank Stocks

By News Desk

The yield curve may look strange to some, but here’s the three-part explanation: Mid-range bonds will be hammered the most in any haircut deal.  Yield on the 3-month bond spiked since the end of December.  The market is pricing in the possibility of a default, but not within 3 months. National Bank of Greece 15-Minute Chart Shares of National Bank of Greece closed about 22% lower today. At one point they were down about 28%