I'll keep this note short as I'm tooling around Amsterdam and Utrecht with a very limited amount of time for reading and writing. I see no real surprises in Mario's statement. The bond buying plans look to be as advertised with some minor positive changes on the...
The Colonel is baaaaack! In a page right off the script of a "A Few Good Men", a renitent Colonel Bernanke gave one of his strongest performances on the witness stand to date. And while he still won't admit to administering a "code red" - the practice of debasing the...
I was struck once again this morning by how good a central banker Mario Draghi has become. The guy rocks!! My only hope is that some folks at the Federal Reserve begin to take note of what he is really saying. For those that didn't read his Die Zeit article from...
"In terms of the quantity theory of money, we may say that the velocity of circulation of money does not remain constant. 'You can lead a horse to water, but you can’t make him drink.' You can force money on the system in exchange for government bonds, its close money...
A little over 3 and half years ago I was holed up inside an office on the third floor of the Marriner S Eccles building on 20th and Constitution Ave in DC. As many readers know, I chose to leave the private sector in 2009 after spending 16 years on the street. At the...
In an interview with Der Speigel last weekend, Mario Monti said - "It is because of the risk of a euro collapse that the difference between Italy's interest rates and those of Germany are so great. In this way, the high interest rates that Italy is now having to pay...
In an interview with Der Speigel last weekend, Mario Monti said - "It is because of the risk of a euro collapse that the difference between Italy's interest rates and those of Germany are so great. In this way, the high interest rates that Italy is now having to pay are subsidizing the low ones […]
