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Author: Dian Chu

Globalization: Profits of Doom?

By Michael Pettis About ten years ago I published an article in Foreign Policy that I just recently re-read. In the article I extended one of the arguments I made in my book, The Volatility Machine, that the globalization...

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Spain: Subordination and Pain

By Bruce Krasting As of Sunday morning there are no details on the Spanish bank bailout. The only information released is the amount – Euro 100B. This is a nice round number. Last week the IMF suggested that Euro 40B might...

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Spain Is Greece After All

By Tyler Durden of ZeroHedge After two years of denials, we finally have the right answer: Spain IS Greece. Only much bigger (it is also the US, although while the US TARP was $700 billion or 5% of then GDP, the just announced...

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