debt

By Win Thin, Senior Currency Strategist, BBH Harvard Professor (and former IMF official) Kenneth Rogoff expects some Eastern European countries to face sovereign crises over next 2-3 years.  In a weekend interview, Rogoff predicted…

Bill White, formerly of the BIS and now with the OECD spoke to Bloomberg News during the KC Fed's annual meeting in Jackson Hole, WY. He gave some rather pointed answers to questions about the Federal Reserve's monetary policy. I reviewed…

Watching the TV news here is Spain at the moment is often a rather discomforting and sad affair. The normal menu seems to consist of a constant stream of ministers who have to appear before the cameras and the public to explain something…

Well, before we go any further, I would like to make clear that what I am going to talk about in this post is not anything illegal, or even irregular (things like this must be going on in almost all Euro Area countries even as I write).…

By Edward Hugh Look, if there is one simple chart which sums up everything that is wrong with current thinking at the International Monetary Fund, then it is this one. Basically, I spent much of the day yesterday scratching my head,…

By Michael Pettis In the past few weeks I have been getting a lot of questions about serial sovereign defaults and how to predict which countries will or won’t suspend debt payments or otherwise get into trouble.  The most common…

Topic of the day: German economic policy Tyler Cowen -.Economic View - What Germany Has Learned About Debt - NYTimes.com This Op-Ed in the New York Times echoes some themes I laid out in "Lessons We Can Learn On How Stimulus And…

By John Mauldin. I have been writing about The End Game for some time now. And writing a book of the same title. Consequently, I have been thinking a lot about how the credit crisis evolved into the sovereign debt crisis, and how it all…

From the Consumer Metrics Institute What credit numbers? During the past week there has been a flurry of Federal Reserve reports and commentary concerning the levels of credit in the current economy. The two most notable were: On July…

By Michael Pettis Since this is another long posting, it might make sense to summarize briefly its two parts.  In the first part, expanding on an Op-Ed piece of mine published by the Wall Street Journal on Monday, I argue that…