DPC Jai alai hall, Havana, Cuba 1904 What, Greece again? Sorry!! But I see a lot of things flash by that make me want to say something. Today it’s the alleged 180 that Syriza made on debt reduction, before that it was their alleged kow-towing to Brussels on Russia sanctions, and tomorrow it’ll be something else again. It’s all media formatted bite-size and pre-chewed chunks, but the Greece-Troika stand-off is anything but. I have a ton and a half of
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DPC Carondelet Street, New Orleans 1905 • ECB Is NOT Stimulating The Economy, Its a Bank Bailout (Martin Armstrong) • If Size Matters, the ECB Is Still Falling Short (Bloomberg) • Greek Debt Will Make ECB QE Problematic (MarketWatch) • Tsipras Proves Bullish Surprise as Bonds to ETFs Reveal No Panic (Bloomberg) • Greek Bonds Rally With Italian Peers as Tsipras Said to Retreat (Bloomberg) • Greek Stocks Surge 10% On ‘Creative’ Debt Plan (CNBC) • Greece Plays Colonel Blotto
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DPC City Hall subway station, New York 1904 • US Consumer Spending Declined in December by Most in Five Years (Bloomberg) • US Household Spending Tumbles Most Since 2009 (Zero Hedge) • Q1 Energy Earnings Shocker: Then And Now (Zero Hedge) • Exxon Revenue, Earnings Down 21% From YoY, Sales Miss By $5 Billion (Zero Hedge) • BP Hit By $3.6 Billion Charge, Cuts Capex On Oil Prices (CNBC) • Greece Finance Minister Varoufakis Unveils Plan To End Debt Stand-Off
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Harris&Ewing House-Capitol tunnel, Washington, DC Feb 3 1939 It’s all still about Greece, and that makes sense, if nothing else Syriza is a breath if not a tornado of fresh air. But those too pass. The question at the end remains: did anything really change? It’s quite possible, don’t get me wrong, but Tsipras and Vanoufakis are busy looking out for the people who voted for them, not the rest of the Europe, or the world for that matter. And
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DPC Fifth Avenue after a snow storm 1905 • EU’s Juncker Wants To Scrap Troika’s Mission To Greece (Reuters) • Croatia Just Canceled The Debts Of Its Poorest Citizens (WaPo) • Greece’s Problems Result From Eurozone Having No Fiscal Policy (Guardian) • Greece Asks ECB to Keep Banks Afloat as Debt Deal Sought (Bloomberg) • Greece Wants Special ECB Help While Going ‘Cold Turkey’ on Aid (Bloomberg) • My Friend Yanis, The Greek Minister Of Finance (Steve Keen) • Obama
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William Henry Jackson Steamboat Metamora of Palatka on the Ocklawaha, FL 1902 • Europe’s Creditors Play With ‘Political Fire’ Pushing Greece To The Brink (AEP) • To Escape Economic Hell, Greece Needs Tsipras To Call Germany’s Bluff (Guardian) • As In 1942, Germany Must Show Restraint Over Greece (Cockburn) • The Country That Refuses to Bow Down to Western Bankers (AlterNet) • Greece Hires Lazard To Advise On Debt (FT) • Greece Will Repay ECB, IMF, Reach Deal With EU,
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