Sovereign Debt and Geriatric Deadbeats
In the spirit of our earlier post, The Clash of Generations, we point you to an interesting piece, Geiatric Deadbeats, written by Ali Alichi of the International Monetary Fund (IMF). He argues the...
View ArticleLocal Government Financing in China
Yikes! Look what California’s dependence on tax revenues from the dot.com and housing bubbles did to that state’s fiscal health. We’re going to see some fugly naked bodies when the tide recedes in...
View ArticleThe Biggest Bubble in History?
We are baffled by the analysis of the analyst community, some, of which, are not so analytical. They say that Europe’s fundamental problem is that it has a central bank which is unwilling to...
View ArticleEconomist: Is this really the end?
The Economist warns in their latest cover piece “Unless German and the ECB move quickly, the single currency’s collapse is looming.” We are beginning to think, based on last week’s failed German...
View ArticleIs this Gold’s Moment?
China’s move on reserve requirement and the global central bank liquidity facility should give a power boost to gold, in our opinion. This really smells like the global Cen Banks are going all, and we...
View ArticleBBC: Top economists reveal their graphs of 2011
The BBC contacted us earlier in the week about our September post, La Grande Divergence, which included the following chart. Vicky Pryce, the influential U.K. economist, liked enough to choose it as...
View ArticleCapitano Crunch: Europe’s Collapsing Monetary Aggregates
Here are some great pictures from Credit Suisse illustrating what’s happening in the European monetary sector. The monetary aggregates have been collapsing at a greater pace than 2008/09 as banks...
View ArticleCharlie Rose: Erskine Bowles and Alan Simpson
Excellent discussion on the U.S. fiscal crisis with Erskine Bowles and Alan Simpson. They were co-chairs of the National Commission on Fiscal Responsibility and Reform, commissioned by President Obama...
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