2011

I still believe the political price for a breakup is large but the chances of one are increasing because the policy decisions that governments and the EU are making cannot be maintained politically in the periphery or in the core. Unless we…

I see the Apple’s iCloud as a very compelling product. When iTunes Match goes live, I will pay the $25 to use it – and so will many others.

While I acknowledge the real fears that central bankers have about the impact of a restructuring, this political dithering is making matters considerably worse. Clearly, burden sharing is needed and that means bondholders will have to take…

The US dollar, yen and Swiss franc are trading firmer as the impasse on the new Greek aid package unnerved traders ahead of the next IMF tranche due later on in the month

Yesterday, I indicated that the FOMC has already considered offering unlimited quantitative easing to target specific interest rates during the second round of quantitative easing. I believe the Fed will do this in QE3, and apparently Bill…

The German court adds another element of uncertainty in the debt drama and may shape the particular outcome. There is some danger that parliament's prerogatives are defined to include the upper house as well and there Merkel does not enjoy…

In this column, Michael Pettis uses Germany and Spain as examples of the interplay between savings rates, trade balances and economic policy. Looking at this interplay, it turns out that domestic policies by the German government can…

The last time the curve was this flat was during the panic in 2008. So I am still concerned that the potential for a more abrupt slowing exists. So far growth remains robust.

Conan O'Brien was the commencement speaker at Dartmouth College on Sunday. Very cool. So how did Conan do? Apparently, he was hilarious. Take a look.

I don’t have any comments on this yet, but it is definitely newsworthy.