Will the Fed announce ”QE 3″ at the next FOMC meeting this month? (Jim Rogers thinks it’s already underway.)
While the market reaction Friday and many of the media headlines suggest that this is virtually a foregone conclusion, caution in assuming such makes sense to me. A much-ignored part of Ben Bernanke’s address at Jackson Hole two days ago, discussed [...]
Many readers are familiar with the adage, “Little children, little problems; big children, big problems.”. As with children, so with insolvent countries.
It’s been my feeling that too much financial media attention has been focused on today’s Greek elections. I believe that Germany has already indicated that whatever government may be formed, Greece will have a 100-day [...]
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 [...]
The bond vigilantes are going after Italy and Spain right now. Instead of accepting the blame for poor fiscal and monetary management, their politicians act right out of the standard playbook and blame “speculators” for their problems. I don’t think I’ve ever not heard a politician say this in such circumstances. Does anyone believe them [...]
Italy is the world’s eighth largest economy and it has one of the highest levels of public debt-to-GDP in Europe:
Greece is ranked the 28th largest economy in the world. By comparison Ireland is ranked 36th.
Needless to say, Italy represents a flash point in the euro zone as bond vigilantes have gone after it for [...]