Over My Shoulder | Mauldin Economics

Over My Shoulder

Ian Bremmer: The Iran deal

July 24, 2015

This will probably make the blood pressure of a few of you rise. I have been following the Iran deal, but more from an international perspective and in terms of economic impacts than with regard to Iran's capability of enforcing the nuclear arrangement; and the latter factor seems to be remarkably lacking in this document. But the rest of the world is simply not as concerned as the US or Israel about that aspect. My friend Ian Bremmer has written this piece analyzing the deal, but pay attention to what he has to say about international acceptance. Whether or not you think we should be worried about international approval, this deal will improve the economics of oil and so many other things, which is what companies and countries are focused on: their own pocketbooks. At least in the short term. He also outlines how this development changes politics and economics in the Middle East.

He has sections on Greece and Russia, too.

Download - 150724_bremmer.pdf

NFIB: Jobs report, July 2015

July 14, 2015

This is just an ugly NFIB report after a string of optimistic ones. Along with the retail report earlier, not a good day at the office, or in my case, another airplane stuck on the tarmac.

Download - NMO1506.pdf

Michael Lewitt: Greece’s Walk of Shame

July 14, 2015

I actually think selling Greek assets is a good thing, as the government is really a corrupt player and the assets are highly unprofitable. Which means taxpayers eat losses, not make profits.

But Michael Lewitt has a point about the walk of shame and the future of Europe. I am going to send along a few other notes on Greece as well, but mostly those about what it means for Europe.

Download - Greeces_Walk_of_Shame_-_Forbes.pdf

David Zervos: The great battle for dignity and democracy ends with a thud

July 10, 2015

David Zervos capsulizes the Greek situation and pretty much summarizes my personal view as well. I am so tired of Greece, and it looks like we just assured ourselves of yet another Greek crisis in the future.  The Greeks themselves get nothing but time – but little ability to move forward. The debt just increases. They will not grow anywhere near the base assumptions. But this may become modus operandi for Europe for the next decade.

Download - 150710_Zervos.pdf

Bloomberg Brief: Greece Special, Real-Time Updates

July 6, 2015

This is just for the Greece junkies. Bloomberg does a relatively good job of giving us an update every few hours on what is happening in Greece. The link below takes you to the part of their Bloomberg Brief website with the updates. I still think there are more important things in the world, but we all like to watch a great drama. I really do feel sorry for the Greeks as I expect things are going to get very much worse over the next few months. We may actually be talking about sending in basic aid like food and pharmaceuticals to a developed-world country. How very sad.

Download - 4vz1bbfvh0mzmxvhg3_0_9568.pdf