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