Tuesday, November 29, 2011

When Even the Poles Plead for German Leadership...

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When Polish Foreign Minister Radoslaw Sikorski feels compelled to make a dramatic appeal for Germany to show more leadership in the crisis...
Monday, November 28, 2011

Why the Eurozone is (was) like a CDO

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Eva and I flew into Goa on Saturday morning, so I'm just coming up to speed on the state of the world. Unfortunately, the state of the ...
Wednesday, November 23, 2011

The Doomed Expedition to Mt. Euro, Last Sighted Just Below the Summit

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AP reports that there were no survivors. Photo courtesy of ECB mountain rescue helicopter.
Tuesday, November 22, 2011

The Slippery Slope or, Is There Method in This Madness?

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Why is the Eurozone like a bunch of mountaineers, roped together in a line, dangerously ascending an icy precipice overlooking a chasm, and ...
Saturday, November 19, 2011

Speed and Overwhelming Force Meet the Two Deadly Sins

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Yesterday I pilloried German economist Wolfgang Franz for what he viewed as the"deadly sin" of central banking: intervening to sup...
Friday, November 18, 2011

Austerity is the Problem, Not the Solution

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And inflation isn't the immediate danger either. Angela Merkel and the Bundesbank have demonstrated once again that they just doesn...
Thursday, November 17, 2011

Last Man Standing

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Now that it is clear that the Eurozone is in a free-fall unraveling (see e.g. Wolfgang Münchau in Der Spiegel ), with panic enveloping the s...