Any investment professional who does not know that Spanish banks are having a lot of trouble should be fired immediately. This is NOT news - everyone worth their salt is painfully aware that the entire peripheral European banking system is technically insolvent....
On April 30th a new actor will likely arrive on the scene in Frankfurt to spice up the long running surreal horror show that is the ECB. His name is Panicos Demetriades, a Greek Cypriot professor from the University of Leicester with close ties to the only communist...
There are some important life lessons from the movie “Dumb and Dumber”. First and foremost, when you give people (or countries) easy access to funds that they can never pay back, things usually end badly. In the case of “Dumb and Dumber”, a suitcase full of cash...
In the minutes from the January FOMC meeting, the section on "Committee Policy Action", which usually contains most of the meat on the debate, had the following line - "A few members observed that, in their judgment, current and prospective economic conditions —...
As one watches fires burn in front of the Barcelona Bolsa, rioters encircle buses in central Madrid and angry mobs attack public sector employees on their way to work in Valencia, it becomes difficult to process the true hardship being felt by the Spanish and the rest...
Recently, Bernanke has been blasting the airwaves with “transparent” policy talk. The lectures at George Washington University-http://www.ustream.tv/federalreserve, the interview with Diane Sawyer -...
Recently, Bernanke has been blasting the airwaves with “transparent” policy talk. The lectures at George Washington University-http://www.ustream.tv/federalreserve, the interview with Diane Sawyer - http://abcnews.go.com/Business/transcript-diane-sawyer-interviews-federal-reserve-chairmanben/story?id=16012043&page=6 and the series of well timed, high profile, press “leaks” have all been part of an aggressive campaign to justify past Fed action, and lay the groundwork for possible future Fed […]
