2013

I hate to sound like a broken record here, but I believe the anti-austerians have it all wrong about the politics of austerity. Everywhere I look, there is some analysis that takes the statements of policy makers and big investors as…

News links for 22 April 2013

This is just a brief follow-up to the daily commentary on austerity. I noticed that both EC head Manuel Barroso and PIMCO boss Bill Gross weighed in on European austerity today. And their comments support my contention that we are in the…

The reality of course, is that euro zone governments do have to worry about losing market favour. They cannot rely on the central bank as a debt buyer of last resort the way the Japanese, the British or the Americans can. If, for whatever…

The Swedish krona is somewhat firmer today but it is the biggest loser among the major currencies this week. It has lost about 2.3% against the dollar and 2.1% against the euro. According to Bloomberg, this is the single biggest weekly…

Here is the video of an interview I did with Max Keiser on the situation in Europe. A lot of our discussion revolves around why the Germans actually do want a cohesive Europe but feel compelled to pursue the present policy path. We also…

Reinhart-Rogoff’s paper has more serious flaws than an excel error. And austerity hysteria will not go away after Herndon-Ash-Pollin’s review. This is my message to you.

News links for 19 Apr 2013

News links for 18 Apr 2013

News links for 17 Apr 2013