By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from <a href="http://www.macrobusiness.com.au/2012/05/europes-problems-multiply/">MacroBusiness.
It feels as if Europe has rolled the clocks back to 2011 as the effects of the ECB’s LTRO...RoRo and the carry trade’s fight back
There have been rumours of the so-called carry trade’s demise knocking about for a little while now, but HSBC think it is staging a quiet comeback and taking a chunk out...
Europe’s Black Cygnets Grow
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from <a href="http://www.macrobusiness.com.au/2012/04/europes-lunatics-rise/">MacroBusiness.
And so the black cygnets scuttle from the shadows again. Over the weekend, Angela Merkel’s Christian Democrats suffered an...Grexit and the euro: an exercise in guesswork
Everyone who’s anyone (and some other people too) has a view on what will happen to the value of the euro if Greece makes an exit. Probably of dubious predictive use, but here...
Michael Hudson: Paul Krugman’s Economic Blinders
By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City and a research associate at the Levy Economics Institute of Bard College. His new book summarizing his economic theories, “The Bubble and Beyond,” will be available in a few weeks on Amazon.
Paul Krugman is widely appreciated for his New York...
Europe’s Problems Multiply
Yves here. Notice how someone in the officialdom actually said "There is no alternative". Nothing like being explicit.
By Delusional Economics, who is horrified at the state of economic commentary in Australia and is determined to cleanse the daily flow of vested interests propaganda to produce a balanced counterpoint. Cross posted from MacroBusiness.
Overnight, Greek Leftist...Presenting…. the totally exciting Euromoney FX survey 2012
So here they are! The results of 2012′s Euromoney survey — based on non-gamed voting by, er, clients!And… drum roll please… it’s… Deutsche...
The euro: tap dancing on a Swiss floor
The euro is flirting with the Swiss National Bank’s floor at pixel time…… but we really doubt it will get to consummate this one. Too much firepower near the SFr1.2003 level....
An AUD tale of correlation lost
The Australian dollar has veered away from its usual path. *Bad Aussie.*But there is a widespread belief it will have to eventually find its way back. How quickly it does so,...
Dear Bank of Japan: So you tried the easing thing a gazillion times…
… might it be time for something (relatively) new? One question that keeps on popping up is, what is stopping Japan from adopting a currency peg a lá the Swiss National...
RoRo and the BoJ
The Bank of Japan’s monetary policy decision on Friday has been powerfully talked up by analysts and officials alike, with the bank under real political pressure to satisfy...
Book Review: The Golden Revolution
This book is highly optimistic that we will restore a gold standard to our world. Much as I would like it, because it restrains the power of governments that increasingly behave like thugs, I don’t think a gold standard is likely to replace the status quo. The book has many good areas to commend it,...
