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Déjà Vu All Over Again
This headline out of Greece today, “Greece Agrees on Tax Cuts, Other Stimulus“. If I’m not mistaken, I think I’ve heard this before. In fact I’ve heard it from Italy, Spain, Portugal, France, and from...
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Things To Ignore
The European Commission’s bureaucrats are wetting their pants over the renewed talk of a greater fiscal union between EU member states. This is the moment they have dreamed of. Instead of being useless...
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Famous Last Words From Eurozone Founders
Open Europe put together a collection of famous last words by the promoters and founders of the Eurozone. It is a rather lengthy collection but here are a few which reveal how clueless they were when...
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Global Terror Update
“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in...
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Spain: Are Rajoy’s Broken Campaign Promises Delegitimizing His Government?
The debate on how to deal with false or misguiding campaign speech is neither new nor likely to be resolved soon, but as Europe’s economic crisis continues to deepen, and as social and political...
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Financial Disintegration In Europe
Here are some recent research notes from DB Research of Deutsche Bank Group. I noticed that Thomas Mayer, the former Chief Economist for Deutsche Bank no longer is listed as the author of these notes....
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What Germany’s Biggest Bank Is Thinking
More research notes from Deutsche Bank’s DB Research on Spain, the Eurozone crisis, and QE for the U.S. If you are interested, here is a note on the growing world economic decline as well. It is worth...
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The Scarlett O’Hara Approach To Solving The Eurozone Crisis
“The rise in the [Spanish] 10-year yield well beyond 7% carries a very distinct reminder of events in Greece in April 2010, Ireland in October 2010 and Portugal in February 2011,” said analysts at...
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Greece’s Debt Bomb
Greece was able to float enough new debt to pay its old debt and avoid default. What a charade. They got the money from the bailout fund and used it to pay back the bailout fund: The auction, which...
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Bad Advice More Popular Than Ever
A BOOK advising married women to have affairs has sparked renewed interest in really bad advice. Experts say Catherine Hakim’s The New Rules of Marriage, which claims that having affairs makes...
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