Daily Note – Lagarde Spoofer??

LagardeSummary:

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).

 

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Global Macro-Daily Note 29th May 2015

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