As usual, when Bob Barro of Harvard writes something it usually contains some provocative ideas.In the Monday morning Wall Street Journal, Barro writes about how Europe might get out of the Euro....
Read MoreTotal reserves in the banking system rose by almost 50 percent in 2011 to average around $1.6 trillion.The increase during the year was slightly more than $511 billion. (Remember in August 2008 when total reserves in the banking...
Read MoreThere are two articles in the Wall Street Journal today that I believe are very important responses to the announcement of the Federal Reserve that it will release interest rate projections for several years out. The first of...
Read MoreThis post is about the Fed’s latest effort to build confidence in the financial system by “providing the predictions of its senior officials about their own decision, hoping to increase its influence over economic...
Read MoreI believe that the number one economic issue for 2012 will be a recession in Europe.I don’t see how this will be avoidable. The sovereign debt crisis in Europe has not ended and a lot of the debt is turning over this year...
Read MoreThe lesson that never seems to be learned in the real world: “In the real world creditors will always have the whip hand with debtors.”...
Read MoreThere is an interesting lead editorial in the Financial Times this morning: “Capitalism is dead; long live capitalism.” (http://www.ft.com/intl/cms/s/0/2dd6f264-2d6c-11e1-b985-00144feabdc0.html#axzz1hq4siSP2) The...
Read More“As Europe struggles with its debt crisis, American businesses and financial firms are swooping in amid the distress, making loans and snapping up assets owned by banks there–from the mortgage on a luxury hotel in...
Read More“It’s a question of courage or actually facing the issues, not being in denial, accepting the truth, accepting the reality and then dealing with it.” That is what is needed to resolve the European sovereign...
Read MoreLast Friday, December 9, I ended my post with this concern: “So much was made of the role that Angela Merkel was playing in the effort to get a more comprehensive solution to the European problems that concerns were raised...
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