BERKELEY – Fiscal profligacy did not cause the sovereign-debt crisis engulfing Europe, and fiscal austerity will not solve it. On the contrary, such austerity has aggravated the crisis and now threatens to bring down the euro and throw the global economy into another tailspin. Follow the money. Find the profits!Liquidity is money. Regardless of where…
Tag Archive for Fiscal Deficits
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The journey towards becoming Japan | Martin Wolf|– FT.com
by Newswires • • 0 Comments
On May 10 2012, the yield on the German 10-year bund was 1.44 per cent, on the US 10-year Treasury was 1.85 per cent and on the UK 10-year gilt was 1.9 per cent. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and…
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Analysis: India inches closer to crisis as rupee retreats
by Bears Chat at The Wall Street Examiner • • 0 Comments
Analysis: India inches closer to crisis as rupee retreats
Reuters – 1 hour 42 minutes ago.. .
By Swati Bhat and Emily Kaiser
MUMBAI (Reuters) – India may face its worst financial crisis in decades if it fails to stem a slide in the rupee, leaving t…
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Doug Noland Gets to the Point
by Bears Chat at The Wall Street Examiner • • 0 Comments
This pretty much sums up our current problem:
“We need rules to ensure that the Fed judiciously monitors financial conditions from a broad perspective. We need rules that would impose discipline when our economy runs persistently large Current Accoun…
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Kyle Bass
by a Wall Street Examiner • • 0 Comments
some excerpts from his Feb 2011 newsletter:
When a heavily indebted nation pursues the ZLB to avoid painful restructuring within its debt markets (household, corporate, and/or government debt), the ZLB facilitates a pursuit of aggressive Keynesianism…
