Events in Europe are following the pattern seen in the U.S. several years ago. In Europe, financial crises in small countries are now giving way to crises in large ones.
This parallels what happened here. In 2005, home-building stocks peaked, and the national housing market peaked around year-end. In 2006, mortgage lenders and brokers began [...]
You may be aware that various European leaders met yesterday regarding the ongoing crisis. This crisis is economic.
Anyone who has followed Europe’s downward economic trend the past couple of years has grown accustomed to repeated meetings of the leaders of Germany and France, either the heads of state or their finance ministers; plus of [...]
I want to discuss some matters using links to charts. Sometimes showing trends on a five-year basis is helpful, because the computer’s smoothing dispenses with some of the short-term data (“noise) to reveal larger trends better. First, the U.S. 10-year Treasury has already mapped out a low below last year’s panic low– but now there [...]
This article comes from the City Journal, a publication of the Manhattan Institute. They write about many interesting things mostly about urbanism. They come at things from a mostly conservative, free market viewpoint (Bill Kristol on on their board). This article gives a perceptive look at French politics and what Hollande’s election means to Europe. [...]
I said in a recent post that I thought that austerity fatigue had set in in Old Europe. Here’s confirmation, from Bloomberg.com:
European leaders declared a turning point in the Greece-fueled debt crisis, shifting their focus away from the budget-cutting spree that has dominated two years of rescue operations.
With a second Greek aid package [...]
Last August, I mentioned in a post (I forget which one) that when gold hit $1900, I was a seller. In late September, I suggested that municipal bonds were better buys than gold, and indeed muni yields have collapsed. Meanwhile, gold has churned for months.
In today’s world, gold is a political metal. When “policy-makers” [...]
On a busy day for posts here at TDC, I add one more with reluctance. However, Mr Evans-Pritchard has a fact-filled update of events in Europe that matter more to me than events within the Illinois-sized state of Greece (and one with much lower productivity per person). Here is some disquieting data from France cuts [...]