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More: Greece Will Not Accept Bailout Extension or Deal With "Rottenly Constructed" Troika; Mish’s Game Theory Math
Read the original: Marine Le Pen Soars Into Lead in French Presidential Polls for 2017; Don’t Worry, Nothing Can Possibly…
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%
Financial Times writer Ferdinando Giugliano asks Is Greek government debt really 177% of GDP?
See the article here: Syriza Trounces New Democracy; Greeks Stop Paying Taxes; Run on Greek Banks Escalates; Get Out!
The above table from Exposure of European Countries to Greece by Dr. Eric Dor, IESEG School of management. Exposure of European Banks The exposure of European banks to Greek public and private debt is most interesting
Continue reading here: Expect a Blowout Win by Syriza in Greece
I expect wins by Podemos in Spain and Syriza in Greece. An outright win by the 5 Star Movement in Italy is not out of the question. If you win, are you a fringe party?