News Links: The ECB’s back-door bail-out for Italy, Spain, Belgium, and… France?
News links for 22 December 2011 including stories on the tech world, Europe, and the ECB
Author
7783 posts 575 comments
Chart of the Day: The ECB Balance Sheet
Who says the ECB can't keep up with the Fed. As the euro crisis has caused liquidity for euro zone banks to dry up, the ECB has taken on the intermediation role. In essence, they have taken on the dollar liquidity function that the US money…
On the ECB’s Long-Term Refinancing Operation and 2012 macro ideas for investors
The end of year is usually a good time for markets. There was a lot of angst about the European situation a few weeks ago, but there is less of that now because we're hitting year-end (tape painting). Does that mean the credit crisis…
Auerback: Solvency Starts with the ECB
I thought I should highlight that Marshall Auerback was on Fox Business yesterday since he writes here occasionally. I wish it were more often! Marshall was on message regarding the euro zone debt crisis. His point: Additional liquidity is…
News Links: The ugly side of ultra-cheap money
News links for 21 December 2011 including notes on technology, the sovereign debt crisis, elections, and Europe
Bond vigilantes and the currency relief valve
The last post by Randall Wray below is an interesting one because it points out how the world has changed since the end of the gold standard and why the sovereign debt crisis is centered in the euro zone.
While I have an Austrian bias…
Welcome to Amazon Town
The Wall Street Journal's Stu Woo reports on how Amazon ramps up for the Christmas selling season in a much-read write-up for the paper with a focus on the thoughts of holiday season workers like 75-year old Ray Williams and his wife…
Thoughts on Europe and the global synchronised slowdown
We are in a second synchronised global growth slowdown. Moreover, the policy response must be more muted this go round as the public sector is more indebted and has less policy space than in 2008 or 2009. Expect policy inaction followed by…
Full Text: Moody’s revises rating outlook for Australian mortgage insurers to negative
Below is the press release issued by Moody's in conjunction with the down grade of Australia's mortgage insurers.
More News Links: Verizon’s Netflix Bid, Google’s Siri, and Mobile driving ban
More News Links for 13 December 2011 including a report of Verizon chasing Netflix, Google building a siri competitor and a potential mobile driving ban.