That’s the headline from my latest talk on RT’s Alyona Show. Before I send you to the clip, let me explain my thinking because I don’t think I was really clear in the video. Here’s what I was saying about the...
This is how it’s going down in Greece right now. The sentiment is very Anti-German on the eve of the austerity/bailout decision. The debt haircut and writedowns coming of upwards of 50% is a default in everything but...
The chart below from the blog Pragmatic Capitalism shows the U.S. Federal government deficit for each quarter since 1952. Here’s my take, using the same chart a year ago that Pragmatic Capitalism used above today:...
This is me thinking out loud. Now you know I explained a few months ago why questioning Italy’s solvency leads inevitably to monetisation, subsequently adding why Investors will buy Italian bonds after ECB...
I was on CNBC yesterday ahead of Ben Bernanke’s speech explaining the FOMC’s recent decision to add an explicit inflation target to its decision to extend its rate easing/permanent zero policy. If I find a video, I...
Wolfgang Münchau wrote a piece that was carried online today at Der Spiegel. I haven’t seen an English language version so I thought I would say a few words about the piece I saw in German. Münchau says that...
Since the possibility of further social tensions leading to nationalism is something on my radar screen, I thought I would post these videos from Euronews and Al Jazeera. In a good economy, these issues are nothing to...
This story seems to be breaking out. Here’s how the Street.com puts it: Private antitrust litigation pitting some five million retailers against Visa(V), MasterCard(MA), and 13 large banks, including Bank of...
Bloomberg wrote the following paragraphs about a recent interview with Mohamed El-Erian. What i thought was interesting was his belief that the Fed is out of bullets. Monetarists and Keynesians believe the Fed can...
This is a post about the job guarantee idea in the context of a historic economic crisis. I intended to write this post on Thursday night as a response to a good post by Pavlina Tcherneva on the job...