Browsing Tag

money

The Need for Wholesale Change

In the short term, though, a continuation of the currently lax monetary policy is likely to lead to higher assets prices. The investor mindset is very much in risk-on mode at the moment, as documented by the surprisingly calm reaction to…

Money is Gold

"With the current policy, will need force to keep it going against the interests of the people. You do not need to be a eurosceptic to conclude that such a monetary union is also deeply immoral." - Wolfgang Manchau, Eurozone Break-Up Edges…

Creating money out of thin air

My friend Scott sent me this video of a magician creating money out of thin air. I thought it was pretty good. Being the investing, econ sort of people, we both also thought it was pretty germane to today's economic environment, don't you…

Is there an Asian RMB bloc?

By Michael Pettis In the past two weeks we have been treated with a mostly positive but nonetheless mixed bag of economic data from China. There has been good news, bad news, good news with worrying underlying trends, and bad news with…

The Euro as the SDR of Europe

The Euro is the national currency of a country that does not exist. Though there is a continent of Europe, as there is of America, there has never been a country of the United States of Europe, and there probably never will be. The Euro is…

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