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Browsing Category
Political Economy
Chanos and Gross versus Paulson and Bloomberg
Here’s Jim Chanos on the demonstrations on Wall Street which express the anti-bailout sentiments expressed by both the Tea Party and #OccupyWallStreet. Bill Gross, Vikram Pandit, John Paulson and Michael Bloomberg all chimed in too.
Pippa Malmgren on the Republican Presidential Debate
Former George W. Bush official Pippa Malmgren does a good analysis for Bloomberg of the issues important to voters and how they will play in this year's presidential election
Watch Italy
The problems Italy faces may have deeper roots than simply the current prime minister. It is not clear that the opposition offers a significantly different agenda rather than different personalities.
ECB bond buying of Italian debt…
Juncker: It may not be enough even if Greece defaults with 60 percent haircut
In an interview carried on Austrian Television station ORF, Euro Group President Jean-Claude Juncker admitted that the present bailout package for Greece will not stand. The 21% discount worked out just a few months ago will become 50 or…
In which Jim O’Neill says muddling through leads to deepening crisis
Muddling through means deepening crisis for the euro zone.
Bruce Bartlett wants the Fed to target nominal GDP
I don't see stimulus though, neither fiscal or significant monetary stimulus either. So that leaves me predicting slowing without policy stimulus until recession hits, at which point the loss of demand will blow the deficit out even more.…
On the IMF’s warning of a European sovereign debt and bank meltdown
Last night, I posted a video of Robert Shapiro warning that the EU needed to address its banking crisis promptly and thoroughly. I agree 100%. I also mentioned a New York Times piece I wrote on Wednesday. I had anticipated my NY Times…
Who is winning the currency wars?
Judging from this chart drawn up by the Financial Times, it would seem that Turkey is winning the currency wars and China is losing them.
IMF: Europe Risks Sovereign Debt and Bank Meltdown
This video is explosive. Dr. Robert Shapiro, an advisor to the International Monetary Fund, is saying in no uncertain terms that the dithering approach that Europe has taken will lead to crisis in a very short period, two to three weeks.…
BRICs to the rescue
Turning to foreign sources of capital will only aggravate the problem from which Europe already suffers. Even assuming that developing countries are willing to take on risks that Europeans find prohibitive, their help will not improve…