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
Morning Briefing – BNY Mellon
Greece looking bad
Greece looking bad
Daily – Danske (pdf)
Market Preview – Saxo
FX option vols – Saxo
Debt crisis: live – The Telegraph
Europe Crisis Tracker – WSJ
Time to stop fearing the Greek CDS bogeyman – Sober 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.
The king of exporting is highly dependent on US, as Europe succumbs to a recession.