austerity

By Rob Parenteau and Marshall Auerback on how global ‘fiscal austerity’ benefits bankers and wealthy, well-connected political insiders, while screwing the rest of us. Marshall Auerback is a market analyst and commentator. Rob Parenteau,…

Must read: Austerity is the new Black Cameron Warns Britons of 'Decades' of Austerity - NYTimes.com BBC News - Out with Keynes, in with Hoover? G-20 Clash Over Recovery Risks ’Sub-Potential’ Growth - Bloomberg.com FT.com -…

In a note to investors today, Win Thin of Brown Brothers Harriman noted that contagion has spread to core Europe with France now paying more for debt. France is coming under scrutiny, with one astute market contact noting that France…

The Absolute Return Letter, June 2010 “You cannot turn a pig’s ear into a silk purse, and there is no point in pretending that an economy like that of Greece could somehow become a mini-Germany ”with appropriate resolve and discipline”.…

Must-read: The paradox of public thrift FT.com - Edward Chancellor - The dreadful potential of frugality The Usual Fare Black Flight is the New Worry for Detroit - WSJ.com Sieben Menschen: Staatsziel sparen - so fühlt sich…

The number of unemployed in Spain dropped in May by 76,223, the second consecutive monthly drop. While this is a positive data point, the drop is largely due to seasonal actors and more than 4 million people remain unemployed.  Yet, to…

Must-read: The Crisis in Spain La Caixa cree que la fusión con Caixa Girona beneficia a Cataluña - ABC.es Spanische Regierung kündigt weitere Einsparungen an (Wirtschaft, Aktuell, NZZ Online)  Spain labor reform deadline…

The question of fiscal sustainability looms large at the moment - not just in the peripheral nations of the eurozone, but also in the UK, the US, and Japan. More restrictive fiscal paths are being proposed in order to avoid rapidly rising…

This post is a contribution from Rob Parteneau of MacroStrategy Edge about fiscal expansion, printing money, avoiding debt deflation, and U.S. treasuries. He has some great insights on deflationary spirals, the paradox of thrift and the…