As we head into holiday mode, I just want to put out a quick note to clean up a few things. First, yesterday’s note generated A LOT of controversy. Of course, those that have been reading these commentaries for the past 2 years know that the style is meant to be...
If you want to read one of the most misguided pieces of research on the euro crisis look no further than here - http://www.piie.com/realtime/?p=2504. After reading this you will understand the dark and disturbed German disease that my good friend, and esteemed global...
As only Mick Jagger could sing it - Angie, when will those clouds all disappear. Angie, where will it lead from here. With no loving in our souls and no money in our coats. You can't say were satisfied. But Angie, you can't say we never tried. All the dreams we hold...
Times they have to be pretty bad if the economists are called in to run a country! Papademos is now the Greek prime minister and it appears that Monti will get the tap in Italy. We will have two PhD economists, from MIT and Yale, ready to lead the battle charge...
The news flow from last week was so voluminous it was nearly impossible to process. For good measure I want to start today’s commentary with a simple recap of what happened. On the negative side – · Greece called a referendum and threw bailout plans up in the air...
It is always nice to come in, turn on the screens and see the spoo up a percent, 2yr Greece/Germany spreads 500 wider and 10yr France/Germany 2 wider. It’s that sweet sweet music of Fed reflation and European detonation! Yesterday, Ben gave a most transparent...
It is always nice to come in, turn on the screens and see the spoo up a percent, 2yr Greece/Germany spreads 500 wider and 10yr France/Germany 2 wider. It’s that sweet sweet music of Fed reflation and European detonation! Yesterday, Ben gave a most transparent presentation of the Fed policy reaction function, which should certainly […]
