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Links: 2010-05-16 Oil spill disaster and Chinese bubble
Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at@edwardnh. Must Reads on the Gulf of Mexico oil spill and the Chinese property bubble Oil spill could go on for years, experts say |…
Spain is the perfect example of a country that never should have joined the euro zone
Greece fiddled its books and ran a deficit in good times and bad. But, it is rubbish to paint all of the debtor nations in Euroland now in crisis with the same brush. There are huge differences I would like to point out. And I will…
A ‘United States of Europe’ or Full Exit From the Euro?
The design flaw at the heart of the euro zone has become manifest to a variety of market observers, practitioners, economists and journalists. A fiscal/monetary half-way house divided cannot stand. That seems to be clear. So…
Links: 2010-05-15 Gordon Gekko at Cannes and the carry trade unwind
Subscribe to Our News Feed If you would like to receive our links in real-time please follow me at @edwardnh. Must Reads Gordon Gekko is back at Cannes and he's brought the 1980s with him | Film | The Guardian FT Alphaville…
The week in review at Credit Writedowns: 2010-05-14
Last Week's Most Popular Stat of the Day: California now in top ten for highest government default probabilities in the world The ECB's nuclear option has its limitations What caused the crash? The Euro: Beware of What You Wish…
The Sarko Euro Rampage Leak and Maxi Euro Devaluations
Is the Euro depreciation planned or just a by-product of currency revulsion? No one knows. However, the events of the past week following the European shock and awe package are curious to say the least. Here's one curiosity. In the…
Repeat After Me: the USA Does Not Have a ‘Greece Problem’
To paraphrase Shakespeare, things are indeed rotten in the State of Denmark (and Germany, France, Italy, Greece, Spain, Portugal, and almost everywhere else in the euro zone). An entire continent appears determined to commit collective…
A Sea Of Red
If an ECB in QE mode, €60 billion in cash, €440 billion from a pooled EMU effort and €220 billion from the IMF only lasts a week, then I'd humbly submit that we have a problem.
Stat of the Day: CDS Spreads for Cali, Michigan and Illinois are up and to the right
You saw my Stat of the Day: California now in top ten for highest government default probabilities in the world. Here's a look at those CDS spreads for California over time - Michigan and Illinois are in the mix here too.
Spinoza, Descartes and suspension of disbelief in the ivory tower of economics
Here's something I want to run by you on behavioural economics and the way economic issues are being debated in the blogosphere.
We are witnessing an implosion of long-held belief structures that go the core of how we believed our economic…