Recent Economics Posts
Weekly Eurozone Watch – Puff the Magic Draghi
Key Data Points German 10-year bund 23 bps higher; Italy 80 bps tighter; Spain 75 bps tighter; Portugal 54 tighter wider; Ireland 24 bps tighter; Greece 91 bps wider; French… Read more »
With cat out of the bag, to sterilize or not to sterilize?
While the WSJ is now reporting that “many ECB members were surprised by Draghi’s comments suggesting new bond buys,” the cat’s out of the bag so now there is just… Read more »
Matthew O'Brien: Glenn Hubbard (Tacitly) Admits Romney's Economic Plan Won't Work
Matthew O'Brien: >Romney Economic Adviser Admits Romney's Economic Plan Won't Work: Romney seems to subscribe to the doctrine of "expansionary austerity"….It's an idea that has failed rather spectacularly…. Mitt Romney's… Read more »
Succinct Summation of Week’s Events (7.27.12)
Succinct summation of week’s events: Positives: 1) ECB gets off its arse and swings hammer of the printing press. 2) Italian consumer confidence bounces slightly off lowest level since at… Read more »
Sharp Decline in Earnings and Revenue Estimates; Chart Explains Four Major Waves of Earnings Growth
For the first time in three years, US Quarterly Earnings are Poised to Drop. Third-quarter earnings of Standard & Poor's 500 companies are now expected to fall 0.1 percent from… Read more »
The Truth About Gold
Very nice report via Business Insider. I don’t concur with all of it, but its quite well done, and worth discussing: The Truth About Gold... Read more »
Africa and the War Against Offshore Finance
Real News Network's Paul Jay interviews Léonce Ndikumana, Professor of Economics at the University of Massachussets - Amherst. He is the Director of the African Policy Program at the Political… Read more »
ECB Is Ready To Do ‘What Ever It Takes’
The Financial Times – ECB ‘ready to do whatever it takes’ The European Central Bank’s mandate allows it to fight excessive borrowing costs for eurozone countries, Mario Draghi, its president… Read more »
Libor Manipulation Well Known in London by 1991
A comment in today's Financial Times is by a former Morgan Stanley trader, Douglas Keenan, confirms a passing comment in the Economist, that Libor manipulation goes back for more than… Read more »
