2011

Will the eurozone crisis send the gold price soaring? - Telegraph Pressure grows on European Central Bank to start printing money. tags: ECB gold liquidity It’s time for you to fire the silver bullet,…

The European debt crisis is straining the Paris-Berlin axis, the pillar of EMU. French banks are heavily exposed to Italian debt, with some estimates putting public and private sector exposure at more than $400 bln at the end of H1 (without…

You saw my comments in the last post on the damage Europe has done in making a mockery of the sovereign CDS market. The Italy situation is worse because of this. Below is a video clip from Monday night of the Lang & O’Leary Exchange, a…

Right now everyone is looking at monetisation and thinking this will save the day. You saw the Lakshman Achuthan video; clearly punters don’t think the US is going to double dip. Buy gold then. Maybe they are right, but I see weakness…

Markets have shifted back to crisis mode amid uncertainty over Italian economic reforms. Three likely scenarios remain after Berlusconi’s upcoming departure; Italian 10-year above 7%. UK September trade data unexpectedly widened, on…

I don't have the bandwidth to discuss this topic but the last time I showed you a Scott Sumner video on this, I said this would be a hot topic and it is now. Brad DeLong, Paul Krugman, and Christina Romer, amongst other leading economists…

Great data from from the BLS. The average annual wage in New York’s financial industry more than tripled from 1990 to 2009.

Here is the list of so-called global systemically important financial institutions by country. Who’s missing in your view?

Given the poor track record of intervention, unilateral or multilateral, sterilized or unsterilized, there may be no compelling need to understand why the $100 bln intervention is not sticking. All sorts of possible explanations seem partly…

"If a country isn’t growing, it’s debt is growing as a result. So, any interest beyond, let's say 2.5%, is a problem. And with Italy's growth shrinking, as a result of the austerity measures they're putting in place, we're beyond it.…