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The Week Ahead

The Economic Data calendar for the week of the 18th of April through the 22nd is full of critical releases and events.  Attached below is a snapshot of some (though far from all) of the headline numbers that we will be focused on.

 

The Week Ahead - callme1

The Week Ahead - callme2


Q2 KEY MACRO THEMES REPLAY PODCAST & SLIDES

Q2 KEY MACRO THEMES: FINDING STABILITY AMID HEIGHTENED VOLATILITY  

REPLAY PODCAST & SLIDES

Today, April 15, 2011, 11am EDT

 

Valued Client,

 

Hedgeye's Macro Team, led by CEO Keith McCullough and Managing Director Daryl G. Jones, recently hosted their quarterly themes conference call. The key topics included: 

  • Year of the Chinese Bull (Bullish on Chinese equities and the Chinese yuan)
  • Deflating the Inflation (Inflation Scenario Analysis)
  • Indefinitely Dovish (U.S. Interest Rate Scenario Analysis)

******************************************************************************

 

Replay Podcast:

http://www.hedgeye.com/feed_items/12926

 

Presentation Slides:

http://docs.hedgeye.com/2Q11%20Key%20Macro%20Themes2.pdf

 

If either hyperlink fails to work, please copy & paste it into the URL of your browser.

 

Regards,

 

The Hedgeye Macro Team


Buying Greek Islands Cheap

Today the Greek government announced that it will issue an additional €26 Billion in austerity measures and sell €50 Billion in state-assets to meet its targets to reduce the country's public debt and deficits. Bottom line: Greece is accelerating its position on the road to the Keynesian Endgame.  While the measures announced today may at best quell investor fears over the short run, longer term the government is putting another band-aid over the deep fiscal imbalances that are not being properly accounted for by the government.

 

So what’s on the chopping block? The Greek Finance Minister put to auction today stakes in the Hellenic Telecommunications Organization (HTO) and Public Power Corp (PPC), estimated to yield €15 billion by 2013 and €50 billion by 2015.

 

With Greece’s debt estimated to ramp to 159% of GDP in 2012, and expectations to cut the budget deficit from a high of 15.4% of GDP in 2009 to 3% by 2014, as the government works against €13.1 Billion in debt (principal and interest) due in the months of April and May (of the some €42.5B due this year), while the Greek 10YR yield rips to over 13% -- we’d say the country is 1.) going to need a far greater life line and/or solution to restructure its debt, and 2.) rife for some more civil unrest.

 

In the meantime, be patient and wait for your price on a beautiful Greek island to call your own. Bon weekend!

 

Matthew Hedrick

Analyst

 

Buying Greek Islands Cheap - greek island


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