2011

Germany’s ability and willingness to pay will decrease as the economy falters. Remember, Germany is more indebted than Spain and has also long been in violation the Maastricht Treaty’s stability and growth pact provision on government debt…

Now the market must contend with three macro bears: 1) how much and how Asia slows; 2) the Eurozone debt crisis; and 3) the slowing U.S. economy and employment/political problem. Continued volatility and 1101, 1101, 1101 on the…

ECB member Mersh called the speculation over a 50 bp cut "wild", according to news accounts. However, given the dismal flash PMI readings and its correlation with GDP, the market is aware that the ECB can indeed cut rates next week, even…

Just following up on my last post about the expectations theory of interest rates, I wanted to explain why yield curve inversion signals recession – and why it hasn't this go round in the US.

It's time to put money into the equation, says professor "Steve Keen, Associate Professor of Economics and Finance at the University of Western Sydney, has won a grant to turn his money-based…

On how the expectations theory of interest rates explains why debt-induced depressions are fundamentally deflationary in nature.

European stocks higher in part from ECB and potential policy action; dollar softer against majors. G10 market focus this week again EZ with EFSF votes, bonds auctions, Greece aid; US macro data. EMs are likely to be dominated by DM…

As I see it, we cannot continue with the existing currency arrangement. Countries like Spain (I am reverting to my habit of calling all the deficit countries “Spain” and all the surplus countries “Germany”) simply will not adjust quickly…

Is Social Security a Ponzi Scheme? | The Big Picture (tags: social-security pensions) How the Boos for the Gay Soldier Sounded on Stage - James Fallows -…

Greece needs decade to get competitive: German finance minister| Reuters (tags: greece sovereign-debt-crisis germany) Rescuing the Euro: The Fatal Mistakes of…