Here is what I am reading: How Obama Has Failed to Deliver (Spiegel Online) Asia’s fiscal firepower to the rescue (beyondbrics) Greece Now Just a Footnote (Tim Duy’s Fed Watch) Helicopter money, Inflation targets and Quantitative Easing (Mainly Macro) Central banks reach for their guns over Greek vote (Reuters) SPX Update: All Roads Lead to New…
Here is what I am reading: The Fiscal Legacy of George W. Bush (Bruce Bartlett – Economix) Economy’s Mixed Blessing: Commodity Prices Fall (The New York Times) The End of the World as We Know It (Dani Rodrik – Project Syndicate) Spanish crisis needs some shock and awe to calm the markets (The Guardian) Merkel…
Here is what I am reading: H.K. Pledges Currency Peg After Review Urged (BusinessWeek) Angry Bagmaker Shows China Slowdown Worst in Wenzhou (Bloomberg) How Germans Botched the Spanish Bank Bailout (Bloomberg) This Time, Europe Really Is on the Brink (Spiegel Online) Easing Seems Likely, But of What Form? (Tim Duy’s Fed Watch) How tiny Finland…
The CEO and Co-CIO of PIMCO is basically opining about the trader/investor psychology. Monday’s disappointing market reception to the bailout package for Spanish banks is a reminder to European policymakers of something that is more than familiar to veteran sovereign crisis managers in emerging countries: The greater the erosion of policymaking credibility, the harder it…
Here is what I am reading: Obama ” Private Sector Doing Fine” (Spencer England) Pulling Plug on Greece Sells in German Town Opposing Merkel Plan (Bloomberg) Gross Boosts Treasuries 1st Time in 4 Months as QE3 Looms (Bloomberg) How Did We Get into a 2-Percent Inflation Trap? (Uneasy Money) The Italian Economy Is Sliding (EconoMonitor) Instead…
Given Chancellor Merkel’s insistence on implementing austerity dominant policies to solve European crisis, you would think that people who are helping her develop such approach would produce articles that would support her position. Not so from Caille Millner, who used to be a fellow at the Konrad-Adenauer Stiftung – a think tank for the Christian…
Here is what I am reading: How the FDIC can curb banks’ reckless speculation (The Big Picture) I Ruined the Dollar (David Beckworth) A Mind Made Up (David Warsh) Credit ratings: how Fitch, Moody’s and S&P rate each country (The Guardian) Startups Deserve Tax-Free, Reg-Free Incubation Period (Bloomberg) U.S. debt load falling at fastest pace since 1950s…
I have been reading and thinking a lot lately about the euro zone financial crisis, mainly because I think that it is holding the world economy in check and by extension the global financial markets. I have read many news articles and commentaries by economists, financial experts and reporters. Recently, I came across a Martin Wolf blog…
There is definitely a conscious effort on the parts of Chancellor Merkel and her cohorts like Jörg Asmussen, Member of the Executive Board of the ECB and a fellow German, to impose their ideological approach to the European crisis. However, it is increasingly looking like a failure of leadership. She is working hard to lower…
Here is what I am reading: Why cannot other European countries show this courage? (Mainly Maco) Who Killed American Unions? (The Atlantic) Euro Crisis Hits German Exports (Spiegel Online) It’s time to bury supply-side economics (MarketWatch) Europe may issue joint bond, just not ‘euro bond’ (MarketWatch) Here’s one Wall Street regulation that Republicans love (The…