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Daily: On France as the time bomb at the heart of Europe
Note: this daily will not have links as I am still on holiday. But, I will begin to post more in the coming week and resume a normal posting schedule next week.
Yesterday, Moody's Investors Service finally downgraded the sovereign credit…
Full Text: Moody’s downgrades France’s government bond rating to Aa1 from Aaa, maintains…
Editor's note: Moody's issued the following ratings notice today
Moody's Investors Service has today downgraded France's government bond rating by one notch to Aa1 from Aaa. The outlook remains negative.
Today's rating action follows…
On Cloud Computing Business Models
Last month I wrote a weekly post on the technology industry noting that the paradigm shift to cloud computing is in full swing. The most important facet of cloud computing in terms of business model disruption is its effects on platform…
The latest trends in the mobile market favour Android
I am still in vacation mode but I will start to post a lot more thematic content over the next two weeks. This post will concentrate on the mobile handset market and is based largely on a recent market analysis by Gartner.
Earlier in the…
Corporatism, over-regulation and fully reserved banking
The last post I wrote on endogenous money and fully reserved banking set out a case for viewing the demand for credit to attain real or financial assets as a fundamental aspect of any monetary system. The point of that post was to make…
Endogenous money and fully reserved banking
After the Great Depression broke out, American economist Irving Fischer championed a view of the financial system now called "endogenous money", which sees each person in the economy as a creator of credit. Viewing the economy through this…
Christine Lagarde is turning the IMF into a change agent
A few weeks ago, I postulated that Christine Lagarde was increasingly moving the IMF away from its position as 'enforcer' of orthodox neoclassical economic policy. I backed this up with three specific ways in which the IMF was becoming a…
On Elizabeth Warren, bank regulation, and the new secular trend for bank stocks
Note: I am going to be playing catch up here for a while since I have been away from my computer for most of the week. So this is the first in a series of post reviewing what the US political elections mean for the economy and markets. I…
Thomas Ferguson: Electoral results show huge disparity in voting patterns based on income
I want to direct you to a post at the Institute for Public Accuracy that features political economy commentator Tom Ferguson because his analysis of exit polls is interesting. What he has picked up on is that the big divide in the 2012 vote…
Forecasting for the Post-Election Economy and a Post-Bernanke Federal Reserve
Just a quick note here - I was on Capital Account last night talking about what I expect to happen politically next year. I spelled out some of it in my last post on the US election and the Fiscal Cliff. But here is a more complete view…