Debt limit nonsense
bySome things are stated as fact which are nothing of the kind. Right up until the Congressional deal raising the debt ceiling news anchors…
Default
Eurozone banks and contagion risk
byGreece has now defaulted, and other eurozone governments as well as agencies such as the International Monetary Fund, European Central Bank and European Investment…
My big fat Greek bailout
byGreece was bailed out for the second time in four months. Or did it default? Well, a bit of both, I guess. All bondholders…
Gordon Kerr critiques the Greek bailout on Bloomberg
byI was glad to see Cobden Partners’ Gordon Kerr on Bloomberg yesterday, explaining why the Greek bailout will fail: As I wrote elsewhere, the…
Greece: deflate or default
byThe original worry was whether Greece would default. Then it became a question whether it should it default. Now it is a question of…
A Band-Aid for a cancer patient
byThis was another hectic week for financial markets, and nerves were calmed somewhat over the past 24 hours with another liquidity injection from the…
Phases of the crisis – are we approaching the endgame?
byPhase 1: Greenspan, the arch money crank The Greenspan “put”, and the collective adoption by most central bankers of low interest rates after the…
Labour’s dishonesty is leading us down the road to sovereign default – Telegraph
byVia Labour’s dishonesty is leading us down the road to sovereign default, Liam Halligan launches a scathing attack on Alistair Darling, Gordon Brown and…