2011

The debt ceiling debate has stalled and the possibility of default is no longer an outlier. Even so, budget cuts from a deficit deal would weaken consumer demand in the US, already slowed by unemployment. My expectation is that by next…

The Aleph Blog » Many Different Ways to Default tags: inflation monetary policy sovereign debt crisis default…

Last week the NY Times covered the division within the economic community over the way out of the USA's overspending / balance budgeting. “Reasonable people can sit down and, apart from any political or policy motivations, come up…

Barron’s: Yes, It’s a Bubble tags: bubble web2.0 ipo technology internet News N Economics: The latest Eurozone response: one step closer to the crisis point tags: sovereign-debt-crisis Europe Greece…

Felix Zulauf spoke to Barron’s Alan Abelson about his thoughts on the European sovereign debt crisis now that Greece has received its second 100 billion euro bailout. Here I discuss what Abelson says about the conversation and why I think…

Michael Hudson argues forcefully that the juxtaposition of bailouts for the largest American banks and cuts for ordinary Americans makes clear that government is promoting a redistribution of income to upper income brackets. He sees the…

El Banco de España nacionaliza la CAM y despide a los gestores · ELPAÍS.com tags: Spain banks nationalization…

For you political junkies, I ask: doesn’t this have the ring of truth to it?

In the last post on the EU, I said that the EFSF is too small. Basically, only the ECB has unlimited liquidity in its arsenal to deal with contagion to Spain and Italy. Willem Buiter agrees and has spoken to Bloomberg about his analysis of…

Remember when I said that Google would get to scale "much,much faster than Facebook? Well this chart shows you this quite vividly. Wow!