The largest European banks by assets
Because the European Union will stress-test its 25 largest banks, it makes sense to compile a comprehensive list of Europe's largest banks.
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Ten Reasons Why This Has Been A Weak Recovery
Comstock Partners' latest weekly note demonstrates the core issue is a longer-term deleveraging that cannot be solved by fiscal and monetary stimulus. This likely means lower inflation-adjusted stock prices when the stimulus-induced…
Putting The Weak Philly Fed Numbers in Context
At 10AM ET the The Federal Reserve Bank of Philadelphia released its general economic index. The data were not good as the index came in at 8 for June down from 21.4 the previous month. Because numbers above zero signal economic growth, the…
On The West Losing Turkey, An Australian Housing Bubble And Other Links
Must-read The Anatolian Tiger: How the West Is Losing Turkey - SPIEGEL ONLINE Video - Property market 'overheating' - Brisbane Times Euro investors eye local Australian property market The Usual Fare San Diego May Use…
Chart of the day: Exposures to Greece, Ireland, Portugal and Spain
I am going through the BIS Quarterly Review that just came out and it is packed with useful information about the global economy. With regard to the sovereign debt crisis, I found the following chart a good one for getting a feel for…
Money the government owes us
Just as a point of fact, it bears noting that government debt is a government liability in much the same way that bank notes are. what is the functional difference for the federal government between Treasury securities and bank notes?…
Jon Stewart on Barack Obama’s Campaign Promises
Jon Stewart manages to be funny while still skewering President Obama for not living up to a lot of his campaign promises. Not exactly change you can believe in, is it?
Alpha Creditor Revaluations in the 1930s versus the 2010s
I am trying to make sense of the revaluation talk that surrounds the Sino-American trade relationship. Here are some thoughts on the issue. Your comments are appreciated.
In the 1920s, the United States was the Alpha Creditor…