Browsing Tag

European breakup

Ever closer union and euroscepticism

I haven't written about Brexit in months now, largely because it has become so unpredictable that I have had nothing to say. After we saw the delay that I predicted in December, the whole affair has just had too many moving parts to know…

The problem with Europe

I have been troubled by the lack of policy space in Europe for some time now, particularly as it concerns Italy. But this is coming to a head for me this morning, with the German government auctioning 10-year paper at 24 basis points below…

Very negative market signals

The economic data out of the US and elsewhere still point to continued economic expansion over the near term. But, what we're seeing in financial markets right now suggests markets are discounting serious economic problems down the line.…

Brexit as Europe’s Lehman moment

I want to get to the Fed decision later today. But, before that, let me update you on Brexit under the rubric "Brexit as Europe's Lehman moment". I am thinking of it this way because many policy makers want to avoid the political and…

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