Monthly Archives: November 2011

EU Proposes Intrusive Control of Euro Zone Budgets

Another prelude to Germany supporting the ECB funding support that will end the solvency issue falling into place: EU exec proposes intrusive control of euro zone budgets By Luke Baker and Jan Strupczewski November 23 (Reuters) — The Commission, the … Continue reading

Posted in ECB, Germany |

REHN SAYS ECB’S MAIN OBJECTIVE IS PRICE STABILITY

Didn’t say ‘only’ objective. Subtle shift? BN 11/23 15:59 *REHN SAYS ECB’S MAIN OBJECTIVE IS PRICE STABILITY

Posted in ECB |

CNBC’s John Carney invokes MMT again

How High Should Taxes Get on the Wealthy? By John Carney Good to see John Carney invoking MMT again! My conclusion would have been with today’s shortage of aggregate demand we are grossly over taxing for inflation prevention, and so, … Continue reading

Posted in Inflation | Tagged , , |

relief rally musings

The German 10 year just traded above 1.9%. The 10th plague is now beginning to threaten the Pharaoh. If I were cynical I’d think it would go down something like this: First, German insiders give the nod to their cronies. … Continue reading

Posted in EU, Germany |

ECB’S STARK SAYS DEBT CRISIS SPREADING TO ‘CORE’ COUNTRIES

Seems the logical consequence of hair cutting Greek debt and announcing it may happen to other member nations? That said, would not surprise me to soon be hearing hints of something like: ‘ECB bond buying not necessarily inflationary if combined … Continue reading

Posted in ECB, Inflation |

Germany takes the world down, take 3?

Looks like for the third time in the last 100 years the world fiddles while Germany torches it? Germany now stands pretty much alone in objecting to the ECB writing the check on the grounds that it’s inflationary, when it’s … Continue reading

Posted in ECB, Germany |

Fed’s Williams:Fiscal Policy Actions ‘Badly Needed’

A step in the right direction: Fed’s Williams:Fiscal Policy Actions ‘Badly Needed’ Fri Nov 18 14:04:45 2011 EST –The Federal Reserve’s actions have not been enough to deliver a robust recovery –The recovery has been hurt by the decline in … Continue reading

Posted in Deficit, Government Spending |

SPR release winding down

This chart of West Texas crude prices vs Brent north sea crude prices was done a few days ago, with the spread subsequently narrowing further to under $10. As previously discussed a few weeks ago, with the Strategic Petroleum Reserve … Continue reading

Posted in Oil |

The turkeys have voted for Thanksgiving

Reader’s comment on the post on Spanish voters supporting austerity: Adam (ak) Submitted on 2011/11/20 at 4:05pm So in the country where the official unemployment rate is 22.6% the party promising further fiscal austerity has an unassailable lead? Awesome. The … Continue reading

Posted in Uncategorized |

Spanish Voters Set to Throw Out Socialists in Election

As previously discussed, there is virtually no political support to leave the euro, as it’s not intuitively obvious the euro is the problem. It is intuitively obvious, however, that the problem was irresponsible govt and so the move towards responsible … Continue reading

Posted in EU, Germany, Greece |