It’s The Politics, Stupid!
Everyone's taking potshots at the eurozone these days and given the number and clumsiness of European "leaders" running around in the open it's like a turkey shoot down at the country fair. Even those who couldn't hit a barn at 100 ft...
It’s The Politics, Stupid!
Everyone's taking potshots at the eurozone these days and given the number and clumsiness of European "leaders" running around in the open it's like a turkey shoot down at the country fair. Even those who couldn't hit a barn at 100 ft...
The Stupidest Cut Of All
Unlike the French, the British are most definitely not a nation of active protesters and rioters. So when they take to the streets, smash shop windows, throw chunks of steel-reinforced concrete, set fires and attack Prince Charles's Rolls Royce (...
The Stupidest Cut Of All
Unlike the French, the British are most definitely not a nation of active protesters and rioters. So when they take to the streets, smash shop windows, throw chunks of steel-reinforced concrete, set fires and attack Prince Charles's Rolls Royce (...
Energy: A Tale Of Four Nations
I do an occasional post on Green/Low Carbon/Sustainable matters. The following four charts are quite illuminating, in my opinion (source: IEA). Click on each to enlarge.Total primary energy supply by typeUSA: The Dirty Carbo(n)ationGermany:...
Energy: A Tale Of Four Nations
I do an occasional post on Green/Low Carbon/Sustainable matters. The following four charts are quite illuminating, in my opinion (source: IEA). Click on each to enlarge.Total primary energy supply by typeUSA: The Dirty Carbo(n)ationGermany:...
ECB Is Listening.. (?)
It's been just a few days since my "Modest Proposal" post and the ECB is (finally) poised to intervene in the government bond market, looking to buy PIG(S?) debt in the secondary market. Excellent decision, if I may say so myself (insert false mo...
ECB Is Listening.. (?)
It's been just a few days since my "Modest Proposal" post and the ECB is (finally) poised to intervene in the government bond market, looking to buy PIG(S?) debt in the secondary market. Excellent decision, if I may say so myself (insert false mo...
Barbarians At The Gate
As an old hand in the sovereign bond market I can understand - though in no way do I condone - "the market's" attacks on Greece and Ireland, even Portugal. They are small countries at Europe's economic periphery who borrowed more money from forei...
Let’s Try Some Perspective
The drumbeat against the euro is increasing daily. It will fall apart, it will be limited to a hard core of Northern countries, it was a bad idea to begin with, you can't have uniform monetary policy without uniform fiscal policy, etc etc. The ca...
How To Restructure PIGS Debt – A Modest Proposal
With Ireland in political turmoil over its application to receive bailout funds, it is becoming obvious that we are getting caught between a rock and a hard place: on one side, markets (a euphemism for the unholy alliance of public pension money and th...
Ireland (Plus Mrs. Merkel)
Ireland is about to become the second country in the EU to get a bailout (Greece was first). News and analysis on the subject can be found everywhere, so I'll just throw in a few charts.Until recently Irish public debt was quite low, around 30% o...
