Europe continues to flounder
As another week goes by, Europe continues to flounder – even German car sales were off by 17% YOY, a decline which was presumably not all…
The two meetings
Besides the ongoing troubles in the eurozone, the other burning issue for investors is, of course, what will emerge from the just-concluded ‘Two Meetings’…
Auflockerung avoided
Cyprus may or may not prove to be a ‘watershed’ for the European crisis but what we can say for now (tempting fate outrageously…
Masterly inactivity
Before we really get into the detail this week, let us just deal with one simple canard: this idea that if the US Congress…
Going all in
For several long months now, the market has been treated to an unadulterated diet of such gross monetary irresponsibility, both concrete and conceptual, from…
Cyclical déjà vu
Though it might seem a churlish observation to make amid so much barely-suppressed exuberance about the prospect for the markets in 2013, in many…
The walking dead
“A formidable set of difficulties is encountered when we ask what there is left of the notion of monetary neutrality for a society which…
Easy, isn’t it?
With the halls no longer decked with boughs of holly and the wassailers at last stuffed full of figgy pudding, we have all reluctantly…
A matter of interest – part 4
Make do and mend Continued from Part 3. That the development of a situation where an over-proportion in the assembly of higher-order capital combinations vis-à-vis the…
A matter of interest – part 3
Give us this day, our daily bread Continued from Part 2 … In all the foregoing, we have introduced several important arguments; some on the…