Monthly Archives: September 2011

More Water? Or Less? Putting out Economic Fires

The global economy flamed out in 2008.  Leading economies in Europe and the U.S, having enjoyed a burst of debt-fueled growth, then suffered a collapse in GDP, which we now know was worst than first thought, and which totalled about 6% … Continue reading

Posted in The Global Economy | 6 Comments

Do you Speak Bond-ese?

The bond markets are speaking to us — yelling loudly if you believe the FT. I have been relaying the gloomy financial prognoses from the FT this week.  Two new essays — one by Richard Milne and Michael MacKenzie, the … Continue reading

Posted in The Global Economy | 2 Comments

European markets confirm the blues

Last night, I posted that things look worse than we thought, in Europe as well as the US.  Today — while those of us in the US are trying to enjoy a day off for Labor Day — European markets … Continue reading

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Can We Get Real (Worse than we thought, Part II)?

The gloom-mongers at FT now turn to Europe:  Wolfgang Munchau warns that the worst of the Eurocrisis is yet to come.  His reasoning is simple:  All the bail-out plans for Greece, and for bond purchases to boost Italy and Spain, … Continue reading

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Worse than we thought — maybe much worse

Martin Wolf offers up this scary bit of data — it now appears that the loss of output during the current Lesser Depression may be longer lasting and cumulatively greater, in the U.K, than that which occurred in the Great … Continue reading

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Obama and the Professionals

President Obama badly needs more competent staff.  This was pretty clear before, but after the dust up over scheduling his joint address to Congress, it is inescapable.  What, they can’t even schedule a major talk without creating a showdown with … Continue reading

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Obama and God

Why?  I just wanted a few days off, and God sends a frigging hurricane to New England?  I can’t catch a break….

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Is Gadhafi Surrounded?

The big mystery in Libya is the whereabouts of Moammar Gadhafi.  His sons have made conflicting entreaties, one insisting he will fight to the death, the other seeking to negotiate. The best solution would be for Gadhafi to be captured alive … Continue reading

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