“The headline election was Romania’s presidential vote, with liberal Bucharest Mayor Nicusor Dan coming out the winner ahead of nationalist George Simion.” *snip* “Poland was also holding a presidential election, and Polish TV’s exit poll indicated that Warsaw’s liberal Mayor Rafal Trzaskowski received 30.8%, while national-conservative historian Karol Nawrocki won 29.1% of the vote.” “The […]

Just look at Tracy Alloway’s imagery at FT Alphaville, and you’ll know what’s expected: an imminent Greek default. I still argue no, although European policy tactics are quite enigmatic and their next move is really anyone’s guess. Alas, here’s mine. Assuming that Greece does not secede from the Euro area, I give you three reasons […]

It occurred to me that some Angry Bear readers may be interested in a short analysis of the Egyptian bond market. Professionally, I’m a macroeconomic analyst and portfolio manager on a global fixed income team. Since we do trade emerging market debt, of which Egyptian debt is categorized, I’ll be happy to comment. The gist […]