Politics

Now, this could just be bluster and rhetoric. But then again it may be something else. I think it bears watching. Just following up on the post by Global Macro Monitor this morning, I note from French daily L’Express the following passage.

Here is something brewing off radar. We’re wondering if this is a factor as to why crude is bid and gold is coming back?

Now it's on to a Greek coalition government with the FinMin at the helm. Get ready for more austerity!!

Watch the video. It plays Silvio Berlusconi’s encounter with Danish Premier Helle Thorning-Schmidt a second time in slow-motion so you can see where Berlusconi’s real priorities are.

Controversial Italian Prime Minister Berlusconi appears to have finally capitulated to international and domestic pressure. Press reports indicate that he has agreed to step down by January. This in turn will bring forward elections,…

This is an update of a post I wrote at the beginning of September about European political dysfunction.

Fernandez will try to maintain the unorthodox mix of policies for as long as she can, and has shown little willingness to more towards orthodoxy during her first term. Troubles will come both internally and externally, with the growing fear…

This video of German Chancellor Angela Merkel and French President Nicolas Sarkozy has stirred a sense of nationalistic pride in Italy. Everyone seems to be talking about it.

A friend sent this to me. It’s a note making the rounds by e-mail. If I get a source, I will link to it:

The special interest most people are concerned about are the banks. In the banking sector, fraud was a major contributor to the crisis. Because the White House has not prosecuted these frauds, bankers in general are now denounced as…