More Charts on Debt in Europe, Germany and the Periphery
A lot of other cool graphics from Spiegel, including debt and deficits throughout Europe.. See sources at the bottom for more (like when periphery bonds come due, Italy included).
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Chart of the Day: Deficits in the European Periphery
This chart from Spiegel gives you a sense of the magnitude of the deficit reductions that must be accomplished in order to get the European periphery under the Maastricht 3% hurdle. Source: Spiegel
Rally in Technology Shares To Year-End
Here's the bullish case for shares. I don't think you can sustain this in tech beyond a short-term rally without a robust investment in capital by business. And I suspect that would also mean increased hiring as well.
Thanksgiving Day Links
Happy Thanksgiving to our American readers. Here are two posts to keep in mind on this day of giving thanks. The Bill Black post is meant for progressives but I think is applicable for all of us. The second post is a reminder that the price…
Wednesday Links are about Europe and the US and Apple
Europe David McWilliams: Pouring more cash down banking black hole is theft - David McWilliams, Columnists - Independent.ie FT Alphaville » Extensive Irish forbearance, what was it good for? Portuguese unions strike as euro…
Chart of the Day: Bubble Chart of Exposure to and Bailout of Ireland
Here's a great graphic on the Irish bailout, quantifying the exposure of foreign banks to Ireland as well as the pots of money from which the 85 billion euros for the Irish bailout is coming. My understanding about the ' funds which Ireland…
FOMC considered offering unlimited quantitative easing to target long-term interest rates
The Federal Reserve's Open Market Committee met in secret by videoconference on October 15th to hash out policy issues ahead of the official November 2-3. The most extraordinary development at that meeting was discussion around whether the…
Westwood’s Alpert Says US Home Prices Will Fall Further
Dan Alpert, managing partner at Westwood Capital, thinks that banks are under-reserving and that this will come back to haunt them when house prices fall in "the final leg down" of the housing crisis. That is the right view…
MMT for Austrians
I was eavesdropping on a conversation about Credit Writedowns on another blog (Pragmatic Capitalism) and wanted to share some of my thoughts with you on the conversation. One commenter, Mattay said: Harrison is an MMTer. As I read him,…
Tuesday’s Links Are Mostly About Ireland
Ireland Honohan Says ‘Relaxed’ About Foreign Ownership in Irish Banks - Bloomberg Ireland hangs 'For Sale' sign on banks - National Post Foreign-owned banks: Implications for New Zealand's financial stability (PDF Apr 2002) –…