The world goes on. Whereas the news has tended to be dominated by what is happening in Europe, with some attention going to the United States, things are still going on in other parts of the world. For example, “Standard...
Read More“Germany’s continued prosperity has helped fuel growing anger in countries like Greece and Spain against what is increasingly viewed as harsh German domination. More and more, Germany is cast in the role of villain,...
Read More“The now inevitable restructuring of eurozone debt…” So writes Jim Millstein, Chairman of Millstein & Co. and former chief restructuring officer of the US Treasury Department....
Read MoreThe largest twenty-five domestically chartered commercial banks in the United States continue to increase lending to businesses (Commercial and Industrial Loans) over the latest four-week period according to the most recent...
Read MoreThere is still too much debt around.The fact that there is too much debt around is a result of fifty years of credit inflation and financial innovation that resulted from it. The concern now as financial deleveraging takes place...
Read MoreBloomberg posted an article yesterday titled “Financial Alchemy Foils Capital Rules in Europe.”...
Read MoreI didn’t post a “Post QE2 Federal Reserve Watch” last month because I was on vacation.You have to go back to September 12 to get Part 2 of the “Post QE2” watch....
Read MoreJust saw another example of the role that government incentives play within an economy. On Friday, I took off on the interesting essay by Financial Times columnist Gillian Tett about the impacts that the regulatory declaration...
Read MoreGillian Tett’s essay in the Financial Times this morning gives us another example of how government policies can create incentives that have very serious consequences on an economic system, consequences that are very often...
Read MoreGreek prime minister GeorgePapandreou cancelled the referendum. Angela Merkel and Nicolas Sarkozy called Papandreou back to the “shed”Wednesday for a tongue-lashing…and worse…to set him straight on the...
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