Europe

Warren Mosler proposes a full FICA suspension, a $150 billion one time distribution to the states and an $8/hr federally funded transition job for anyone willing and able to work. However he believes these proposals will likely not be…

Here are some of the foreign language links from the last two days plus some in English that are related which I want to highlight.

The results are in from the poll I began a month ago. By an overwhelming majority, Credit Writedowns readers believe the crisis will continue.

The best resolution, and the one Keynes urged without success on the US in the 1920s and 1930s, is that Germany take steps to reverse its trade surplus. It could boost disposable household income and household consumption by cutting income…

In a Tokyo-less Asian session the dollar had begun the week bid, but this quickly reversed in early Europe, which saw the euro rise more than a cent off the $1.2666 low. It was largely a short-covering bounce, but as North American players…

Government interference extends unstable market conditions longer than would otherwise be true. By doing so, George Eliot's observation (at the bottom, here) is even more appropriate in 2012.

Here's what I had to say about Europe on Capital Account with Lauren Lyster on Thursday night. I'm not bullish on the real economy there (but I still expect relative share outperformance due to lower P/Es). The US is having a bit of a data…

If you argue that austerity works in cutting deficits over the longer-term but the short-term pain is worth it, that's a different argument than the one Republicans are making - and one not likely to get one elected, which is why they're…

It was in Hungary that the new orthodoxy of relying on “non-Keynesian” effects related to expectations and credibility was formally announced and put to work. However, private consumption, unfortunately, has notably failed to rise. Perhaps…

European sovereigns return to the capital markets more substantially next week as 2012 issuance gets under way. Between bills and bonds, around 35-40 bln euros will be sold. Maturing issues and coupon payments will cover about…