News

Helicopter drops oftwominds: What If We Ditched Quantitative Easing and Just Printed (and Distributed) Cash? A helicopter drop for the US Treasury | vox The Usual Fare BBC News - Anglo Irish Bank in £6.4bn loss Older people…

The BBH CurrencyView Highlights The Swiss franc rose to a record against the euro while the yen also continued to edge higher through the Asian session as some improved Japanese figures failed to dent the risk-off momentum. EUR/CHF…

Le Figaro - Politique : Roms expulsés : Kouchner a songé à démissionner Oväntat stort BNP-lyft i Danmark - DN.se Guest Post: Modern Monetary Theory -- A Primer on the Operational Realities of the Monetary System « naked capitalism Crise…

Andorra, a Tiny Tax Haven, Tries Openness - NYTimes.com Marginal Revolution: How to interpret Germany, again Marginal Revolution: Fessing up to previously incorrect beliefs Where I Believe that I was Most Wrong, Arnold Kling | EconLog |…

Flaherty defends Irish policy after downgrade - National Post Among Democrats, economic pressures are changing tax-cut dynamics UK economy grows at fastest pace in nine years - Telegraph Muslims Give Obama Highest Job Approval; Mormons,…

I will be on BNN at 12:15 today. Topics are unknown but Ireland's downgrade and double dip in the US are two likely subjects.  My general take is that this is playing out as scripted here and here. Back in 2009, when I was talking…

This is what is helping drive markets down. But, the price action was ugly even before. The Yen is at a 15-year high versus the USD and a 7-year high versus EUR. Swissy is also crushing. Bunds are at record lows. And now the ten-year is at…

Short links post today. The link I want to highlight is the Greek one on illegal immigration. When the economy is poor, immigration always becomes an issue, especially illegal immigration. Watch how Europeans handle this versus Americans as…

The Stock Market is still for Suckers and why you should put your money in the bank « blog maverick FT.com - Michael Pettis - The last chance to avoid a global trade war Euro crisis has not gone away, it is merely masked by other…

Topic of the Day: Savings rates Marginal Revolution: Australian fiscal policy BBC News - Savings used to boost spending and income BBC News - Savings raided to cover income shortfalls On the Way Down: The Erosion of…