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Yearly Archives
2011
It’s Over
The classification of assets according to such dreary concoctions as "mid-cap growth," comparative asset benchmarks is now over.
On ECB liquidity, Eurobonds and the civil unrest of austerity
Last month I wrote an article called “The ECB is the difference” which claimed the ECB was the pivotal institution in the European sovereign debt crisis. I presented two options that the European Central Bank had in relieving pressure on…
The Fed has already begun its third easing campaign
This article explains why quantitative easing had become the monetary tool of choice for the Federal Reserve and what kind of easing the Fed is now employing. Because the Fed feels constrained politically, it is unlikely to repeat…
Links 08/14/2011
Bachmann Wins Iowa Straw Poll in Republican Presidential Race - Bloomberg tags: Republicans election White…
Nouriel Roubini Sees Risk of Global Recession
Nouriel Roubini took the seat in this week’s Big Interview chair with the Wall Street Journal. He says the risk of a global recession is greater than 50 percent and believes the next two to three months will be decisive in revealing which…
Links 08/13/2011
Finance and economic news from around the Internet for 8/13/2011
Swiss Franc Exposes Risks To Hungary Banking Sector, Sovereign Rating
We’ve gotten some more clarity on the Hungarian government’s housing support scheme. Due to the unprecedented strength of the Swiss franc, implementation of the FX part has been moved forward one month to September from October. The main…
64% of Americans Can’t Handle a $1,000 Emergency Expense
This is a stunning stat and shows how out of touch Washington and Wall Street are with Main Street. Imagine if gas prices spike $2.00 per gallon.
Policy Conclusions for Russia (Part 2)
Can Russia get the best of both worlds by freeing its economy from technologically unnecessary charges and rentier tolls paid to special interests? Such expenditures prevent the economy from developing. That is the basic cause of poverty –…