Daily Note – Lagarde Spoofer??


Lagarde Spoofer of the year?

Greece Deal or no Deal

United States: Weekly Claims remain below 300k

Eurozone: Spanish Growth Accelerating

Good morning,

I have always believed that Christine Lagarde is the biggest spoofer in public life – an example of no talent, all politics. Last night I referred to the Irish equivalent of this on Irish TV as “an aristocracy of incompetence”. This lady is the Marie Antoinette of this international club!

This morning she was warning of Grexit, which means it won’t happen!

Negotiations on Greece continue to be the main EU focus despite the fact that so little of the country’s public sector liabilities are held by the foreign private sector (less than €40 bn worth of government bonds).


Download a FULL PDF version of the Daily Note:

Global Macro-Daily Note 29th May 2015


The statements, opinions and analyses presented in the articles, newsletters, and other materials appearing on this website are provided as general information and for educational purposes. Opinions, estimates and probabilities expressed herein constitute the judgment of the author as of the date indicated and are subject to change without notice. Nothing contained in this website is intended to be, nor shall it be construed as, investment advice, nor is it to be relied upon in making any investment or other decision. Prior to making any investment decision, you are advised to consult with your broker, investment advisor or other appropriate tax or financial professional to determine the suitability of any investment. David McWilliams shall not be responsible or have any liability for investment decisions based upon, or the results obtained from, the information provided.

Categories: Daily Note