The ascent of the Democratic Party of Japan marked the end of Japan’s one-party state, dominated by the Liberal Democratic Party since the 1955. However, the DPJ was unable to address the challenges Japan faced, was...
Last week Eurogroup head Juncker warned that the situation tiny Cyprus was more worrisome than Greece. While this seemed to be an exercise in hyperbole, sure enough Monday, a Cyprus official was quoted on the news...
Draghi’s pledge to do what is necessary, within the ECB’s mandate, to save the euro cleared reduced the extreme tail risk in the euro zone. Greece is about to receive a large dollop of aid so it can continue...
There has been much fanfare over the swap lines that China’s central bank has established with numerous countries. Many observers see those lines as evidence of the internationalization of the yuan and its increasing...
One of the big surprises of the year is what did not happen. The euro zone continues to reform, innovative and, most of all survive. Many had expected Greece to have left, one way or another. The existential crisis in...
News that a large Swiss bank will begin charging business clients a negative interest rate for holding Swiss franc deposits has gotten some observers suggesting this is a form of capital control. Usually...
When President Obama has a private lunch with Romney, his recent rival, tomorrow, one issue that is unlikely to be discussed is the Administration’s decision not to charge China with manipulating the yuan. ...
Greece has had trouble implementing the structural reforms demanded in exchange for aid. The large and rising debt/GDP ratio is also a function of the larger than officially (Troika) expected contraction in the Greek...
The UK surprised many by naming Bank of Canada Governor Mark Carney to replace Meryn King as the head of the Bank of England. Immediately pundits weighed in. Some saying this was somewhat hawkish for the UK and sterling...
Everyone is talking about European finance ministers failing to reach an agreement on Greek funding. There is another meeting scheduled for Monday. It is clear that a Greek exit, which many observers had thought...