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Angela Calling Update
Well, it seems the EU leadership have finally been able to take a decision on what to lend and what to charge (see original post here). According to initial press reports the German government has decided in principal to participate in…
Demographics and the Anatomy of International Capital Flows
In a week where the deck of cards that make up the Eurozone got its so far largest jolt and where there is now not only an imminent danger of a total economic collapse in Greece but also, much more worryingly, signs that Germany herself is…
Koo, White, Soros and Akerloff videos from inaugural INET conference
These videos are from the Inaugural Institute of New Economic Thinking (INET) conference in Cambridge. Hat Tip Mark Thoma.
Angela Calling
Angela Merkel is a Chemist. In her doctoral thesis - entitled "Untersuchung des Mechanismus von Zerfallsreaktionen mit einfachem Bindungsbruch und Berechnung ihrer Geschwindigkeitskonstanten auf der Grundlage quantenchemischer und…
Ron Paul has Barack Obama’s number
It seems Ron Paul is on to the Obama neo-liberal con game
Links: 2010-04-10 Greek crisis, CDO shenanigans and Germany’s forgotten bunkers
Intel demos software that reads your mind | Cutting Edge – CNET News FT.com – Merryn Somerset Webb: Debt debacle is not going to go away Polish President, Bank Chief in Plane Crash, Reports – Bloomberg.com East Germany's…
Galbraith, Stiglitz and Soros on resisting the inevitability of the Greek debt crisis
I would love to have gone to the Institute of New Economic Thinking (INET) conference in Cambridge, but the timing was wrong for me. The effort, sponsored by George Soros, is a much needed collaboration of ideas to help prevent a…
Go Greece Lightning
In honour of Greece, I present you a little Greece Lightning. Let's hope this is what European policy makers are using this weekend. Why this country could be automatic It could be systematic, hydromatic, ultramatic Why it could be…
The Central Bank as “Deal of the Last Resort”?
Marshall Auerback here with a report from King’s College, Cambridge, where some of the world’s policy makers and thought leaders are gathered to discuss a new direction for economics. Over the last thirty years, we have steadily moved from…
Fitch downgrades Greece to BBB- with a negative outlook
Fitch, the ratings agency, has decided enough is enough and has downgraded Greece to BBB-. This is still investment grade despite obvious signs that Greece is no longer an investment grade risk. Not only are the Greeks now…