2014

By Marc Chandler The headline of the Financial Times today reads "Paris rails against the dollar's dominance."; It could have been written nearly any time in the past half century. After all it was a former French President Giscard…

We posted this in November, but are re--posting now because it is relevant. Hat tip goes to Barry Ritholtz who published it over at the Big Picture recently. Also see two previous posts on this site from November related to this one, based…

By Sober Look The yield spread between US treasuries and German government bonds hit a new high last week (see chart). Was this divergence in rates simply a response to the ECB action last month (see post) in combination with stronger jobs…

CIA employee’s quest to release information ‘destroyed my entire career’ - The Washington Post Why is Washington still protecting the secret political power of corporations? | Alexis Goldstein | Comment is free | theguardian.com…

After a promising first decade, the Eurozone faced a severe crisis. This column looks at the Eurozone’s short history through the lens of an evolutionary approach to forming new institutions. German dominance has allowed the euro to achieve…

News links for 4 Jul 2014

I don’t have any links today, so I am going to go right into the daily piece here. Just 10 minutes ago, the US jobs numbers were released. Combined with the British composite PMI data earlier, the numbers present a rosy picture for the two…

The economic data out of the US and Spain yesterday were very good and support the idea that both of these economies are seeing recoveries that are accelerating. Some thoughts on the data below

News links for 2 Jul 2014

Markit's June Manufacturing PMIs for the Eurozone came out this morning. And overall, the numbers showed less strength across the board, with France showing particular weakness. You can see that Spain and Ireland were doing well though.…