EU Daily | Europe Economic Confidence Rises as Exports Improve

It’s off to the races for a while in the euro zone as the adjustment that began when the ECB started buying member nation debt continues, and the still large budget deficits support incomes and growth while the still low euro supports exports. Fears of solvency risks for govts and the banking system are fading […]

Mike Norman on Fox

Very well done by Mike Norman who’s on this email list. This video makes it all the more obvious that Fox is on a propaganda mission, at best to support ratings, at worst to be subversive, rather than engaging with Mike on the facts. You tube link: Mike Norman on Fox


Still feels like modest GDP growth, positive but not enough to make much of a dent in unemployment, until the ‘hand off’ to growth from credit expansion from some other sector, which could be a while. Risks remain external. China has been a strong first half weak second half story for a while, and a […]

George Soros Speech

>    >   (email exchange) >    >   On Mon, Jun 21, 2010 at 6:31 AM, wrote: >    >   Soros’s recipe, FYI >   much about bubbles, >   also about how bad can be deficit reductions at this time >    I usually don’t read or comment on Soros, but comments below this one time only for you. :) George Soros Speech Institute of […]

Professor Bill Mitchell on inflation

Zimbabwe for hyperventilators 101 A very good read. Today’s hyper inflation fears due to ‘money printing’ are pure fear mongering. My comment to Bill in support of his article: Russia in 1998 is an example of how much the flat earth economists are wrong in what determines the value of a currency Russia had a […]

Greenspan in WSJ: U.S. Debt and the Greece Analogy

History will not be kind to the former Fed Chairman with regard to his understanding of monetary operations. He understands solvency is not an issues which does seem to put him ahead of most. But he lacks a critical understanding of interest rate determination, particularly with regard to how the entire term structure of risk […]