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Tuesday, January 17

17th Jan - Morning posts get shorter

Monday’s holiday kind of killed the supply of quality writings. Due to my obligation schedule, I am shortening my morning posts starting from today and occasionally even posting only once a day. Yesterday's evening post had some very good reads on the crisis.


News (morning) – BTH
News – The Trader
Press Digest by Reuters:  FT, British
Morning BriefingBNY Mellon
  Greece looking bad
Daily – Danske (pdf)
Market Preview – Saxo

FX option vols – Saxo
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
Tracking Europe’s Debt Crisis – NYT

Time to stop fearing the Greek CDS bogeymanSober Look
If it helps to push through the Greek restructuring faster via a process involving triggering CDS, it needs to be done. The banking system will be just fine - it has bigger problems unrelated to Greece.

China sells to the US, EU, and buys from the rest of the worldSober Look
The king of exporting is highly dependent on US, as Europe succumbs to a recession.