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How Dr. Ben Copperfield makes trillions disappear – twice
Fed Chairman Ben Bernanke is a magician. He can make trillions of debt disappear. Impossible? […]
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Road Map to Ruin
Budget deficits in “good” times, build-up of government debt Few countries’ (GER, NED) exports […]
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Greece: Two Bail-outs and a Funeral
Here we go again. Another bail-out. [Sigh.] I’ll try to make this as entertaining and […]
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Look at me – I am a junk-rated bank!
Everybody hates rating agencies. They missed Enron (balance sheet fraud), the sub-prime crisis (using models […]
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Merkel to Sinn: “In my office. NOW.”
Hans-Werner Sinn, head of German research institute Ifo, has just put his life into peril. […]
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Looking back: “We are buying Greek government bonds!”
May 3, 2010. The EU and the IMF have just announced a EUR 110bn bail-out […]
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Hungarian adventures in CHF: Laszlo wasn’t alone drinking CHF-laced Kool Aid
In 2006 and 2007, more than 90% of new Hungarian mortgages were denominated in foreign […]
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What a taifun in Vietnam taught me about the Euro crisis
As I was traveling through Vietnam in the mid-nineties our bus drove through an area […]
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US house price decline accelerating
US house prices have entered into an accelerating decline. The more I dig into the […]
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US house prices – Roll out the welcome mat for a double-dip
by Alexander Gloy Let’s take a look at the situation after the October data from […]
Category: Economy
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