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The continuing saga of bank self-regulation and other fairy tales featuring Alan Greenspan
We continue to witness remarkable developments in the intersection of the related fields of economics, finance, ethics, law, and regulation. Each of these five fields ignores a sixth related field – white-collar criminology. The six fields…
Successful Auctions Boost Tone in Europe
Better than expected reception to Spain and Italy’s debt auctions have spurred risk on; dollar softer. BoE, as expected, left policy unchanged, ECB expected to do the same; Japan’s current account shrinks. US advanced retail sales expected…
Where are the safe havens?
My latest post at Credit Writedowns Pro on protecting wealth in a world of recurring crisis is now up. I outlined eight principal investing risks that I see for for 2012 and strategies to avoid those risks. At the same time, the thought you…
India: Land of Energy Opportunity
Quick, what country is the economic engine that will power world growth? If you answered "China," you're far from alone. But there's another country that deserves as much attention and better yet, is much friendlier to investment: India,…
So what’s the dumb money doing right now?
All I want to know is: who’s buying this stuff in size? I might like the other side of that one.
Protecting wealth in a world of recurring crisis
Happy Wednesday. I know the news is 'less good' today than it was when I last wrote you but writing these weeklies always puts me in a more positive frame of mind. Nevertheless, today's topic is about downside risk. My hope is to frame the…
Thoughts Ahead of Spanish and Italian Bond Auctions
Spain and Italy begin this year's funding operations with bond auctions tomorrow and Friday. Although the euro is bouncing along its recent trough against not only the dollar, but against many of the other major currencies as well, there…
News Links: German negative yields as harbinger of deflation
financial news links for 11 January 2012
Chart of the Day: Greek workers work 48% more hours than Germans
While many will be initially surprised by the data, on reflection it makes intuitive sense. In crude terms, wealthier countries typically work smarter--more capital intensively--than poor countries, not longer.
Real Financial Regulators Love Prosecutions of Fraudulent Bank CEOs
Senior former regulators are willing to be quoted by name asserting that Obama’s (not Bush’s) financial regulatory leaders are blocking lawsuits against fraudulent financial elites and their anti-regulatory co-conspirators because they fear…