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…
Economics
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…
Liars led by junkies
by“In my several decades as a financial and economics commentator – covering banking crises dating back to the early 1970s and the Latin American…
Currency swaps – the beginning of a ‘solution’?
byBy far the most important event of the week was the joint announcement by the world’s leading central banks that they were extending existing…
Revolutionary insights for the eurozone
byEveryone seems to be searching for a roadmap for the Euro-crisis. A precedent to guide policymaking and financial decisions would give some assurance that…