Uncommon Sense - A Blog About Everything

"Federal Reserve officials have mapped out a strategy for winding down an unprecedented $85 billion-a-month bond-buying program mean...

The Euro has essentially been split in two. There is the Cyprus Euro and the Everywhere Else Euro. Currency trapped in Cypriot banks is...

Above is data from the Central Bank of Cyprus's Monetary Financial Statement for March 2013 showing total deposits by country of orig...

Use of the Euro is quite a bit more widespread than a lot of people realize. To help understand the potential impact of the ongoing crisis,...

In a previous post, Crisis In Cyprus , I mentioned that the Euroroup would take action to try to prevent a run on banks in other troubled Eu...

1. Laiki bondholders and equity owners will likely lose everything. Uninsured deposits will incur loses of around 40% 2. Laiki bank will ...

Agreement between the Eurogroup and Cyprus in regards to the bail-out/in has been achieved. The terms were much more sensible than first dis...

George Soros is much maligned for "breaking the Bank of England". But most ignore the more important fact, that he forced the...

After Cypriot lawmakers rejected the ECB bailout, there is much speculation as to what will happen next. The official response from the...