Monday, November 28, 2011

No bailout, just monetary policy: ECB versus US Fed

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We enter yet another interesting week in Europe with the same discussions on how high interest rates will be in Italy or Spain, rumors on a ...
Friday, November 25, 2011

Ratings deflation: a world without AAA bonds?

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First it was Greece, then Portugal, Ireland, Spain, Italy and France and Germany are maybe coming next. It seems that soon there will be no ...
Monday, November 21, 2011

Solvency or Liquidity? (r-g)

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As we continue seeing interest rate spreads increasing in the Euro area, we keep asking the question of whether this is a crisis of solvency...
Wednesday, November 16, 2011

The not-so-original sin of finding others to pay for it.

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Paul Krugman talks about the causes of the current sovereign default crisis in terms of what economists call "the original sin". ...
Monday, November 14, 2011

Italy: not good but we have seen this before

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It is hard to find much optimism by looking at the Italian economy today: Low growth, high government debt, limited confidence of financial ...
Friday, November 11, 2011

Europe versus the US: Fight!

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Comparing economic performance in Europe and the US is always interesting and in some cases controversial, especially when politics enters t...
Wednesday, November 9, 2011

Plan B for Europe: Do not Stare Into the Abyss.

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Everyone is running out of hope regarding a solution for the economic problems in Europe. A change in government in Greece, the possibility ...