Via Bloomberg: Kerr says euro woes may prompt return of gold standard
byFollowing his recent paper The law of opposites: Illusory profits in the financial sector, TCC Advisory Board member and founder of Cobden Partners Gordon Kerr appeared…
Eurozone government defaults looking certain
byFor some time I have taken the view that rescuing eurozone governments from their financial crises was too big a job for the European…
Cameron chose well
byThe markets are telling us that there is a painful abscess in Europe, with the Euro at its core. We believe it is driving…
The end of the EU
byLast Friday, David Cameron came back from Brussels having rejected proposals to draft a new European Union treaty, having failed to get promises of…
Last week in Europe – Some thoughts on the ongoing crisis
byApologies to my readers that no new contributions have appeared on the Schlichter Files for two weeks, and in particular that I did not…
The euro as saviour from an inflationary fate?
byDuring the current crisis, it is difficult to see the benefits of the euro. While it is increasingly seen as the cause of most…
Deflating the derivatives balloon
byDerivatives have a bad name for many commentators, with some describing them variously as dangerous or even weapons of mass destruction. The sheer size…
Masters of disaster
byI had the good fortune recently to attend a presentation given by Matthew Hancock MP, at the Houses of Parliament. Mr Hancock was giving…
A moving target
bySince last we wrote, some three weeks ago, there has been little diminution in the frantic torrent of policy proposals, policy adjustments, and policy…
If this is capitalism, I am not a capitalist
byThis post originally appeared on www.stevebaker.info. I spoke last night in the general debate on the economy, saying*: As I rise to speak I…