February 2010

Also see Greece in turmoil over austerity from the FT.

This post originally appeared at Alpha.Sources. It is a well known dictum in the context of economic analysis that you have to distinguish between stocks and flows and how focus on one in stead of the other lead to misguided analysis. It…

Former New Jersey Governor Jon Corzine talks with Bloomberg's Deirdre Bolton and Erik Schatzker about his concerns about the U.S. budget deficit and stimulus-spending strategy.

A post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For BBH’s currency views, visit the website here. The G20 meet this weekend and it has drawn little attention thus far.  South Korea heads up the G20…

This comes today via Reuters: The Commerce Department said sales dropped 11.2 percent to a 309,000 unit annual rate, the lowest level since records started in January 1963, from an upwardly revised 348,000 in December. It was the…

This is just in from the FT: Germany recorded a budget deficit of 3.3 per cent of gross domestic product last year, one point more than the most recent forecasts, but still well below the level for most of Europe’s larger economies.…

Double-dip recession may not be far off | Business | guardian.co.uk With All Due Respect, Arnold Kling | EconLog Six in 10 Underemployed Not Hopeful About Finding Work - Gallup Bank Profit Mirage Redux - Annaly Salvos Night of the…

By now, you know about the much-discussed swaps that Greece used to conceal it’s debt load.  While the amount of debt concealed is low relative to the total, the mere fact that Greece attempted to conceal its true fiscal position is…

I said: "Here’s my question: when does this affect the Greek sovereign credit rating? That has to be next because the scenario I just scoped out would indeed suggest lower tax revenue and more budgetary pressure. Sure sounds like a death…

A post by Marc Chandler, head of Brown Brother Harriman’s Currency Strategy Team. For BBH’s currency views, visit the website here. Many investments houses have been extremely bullish on the Swedish krona.  Swedish shares have…