Luetuimmat 1 ”Lämpimän ilmamassan kieleke” tunkeutuu ensi viikolla taas Suomeen – luvassa jopa 30 asteen hellettä 5.8.2018 2 Veera on nuori, korkea­koulutettu uraohjus, jota seuraa vuosia sitten sairastettu masennus – ”Jos voisin muuttaa elämässäni yhden asian, se olisi, etten ikinä olisi hankkinut…

The Syriza government has begun to reverse austerity despite opposition from Europe's elite. James Meadway looks at the backround for the opening battle with the EU/ECB/IMF 'Troika' Last Sunday’s election victory by Syriza has shaken up European politics like nothing else since the eruption of the…

Tarkista selaimen asetuksista, että JavaScript ja evästeet ovat käytössä. Mikäli JavaScript on käytössä, mutta jokin selainlaajennus estää sen lataamisen, poista selainlaajennus käytöstä. Suomen Pankin pääjohtaja Erkki Liikanen kertoo valmistelun vaiheet ja oman puoltavan kantansa taustat Talous…

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by Mon, 01/19/2015 - 19:39 0 SHARES With every passing day, negative 10Y yields across the developed world's bond market, and not just Switzerland, increasingly appear to be a question of when not if. Paradoxically, the main reason for this long-end deflationary crunch will be an action that the ECB…

The economics news is currently dominated by the Greek election results and their implications, and, rightly so. Without assuming anything about how much Syriza will compromise (although I suspect too much), the voting has demonstrated that a large proportion of voters in Greece have rejected the…

"The Consequences Of The SNB Decision Will Not Be Limited To Switzerland" by Sat, 01/17/2015 - 15:00 0 SHARES Since the European sovereign-debt crisis erupted in 2009, everyone has wondered what would happen if a country left the eurozone. At first, the debate focused on crisis countries – Greece,…

by Sat, 01/17/2015 - 22:51 0 SHARES From Raúl Ilargi Meijer of The Automatic Earth Central Banks Upside Down The Swiss have unleashed a pretty wild storm in financial markets. All sorts of companies and people today are licking their wounds, and quite a few will simply have to fold. It’s no…

Federal Reserve Chairman Ben Bernanke, who retires this week as the world’s most powerful central banker, cannot be trusted. Neither can Janet Yellen, who will succeed him this weekend at the Federal Reserve. And neither can Mark Carney, governor of the Bank of England; Mario Draghi, president of…

Another trading day, another bout of volatile stock market action. Yet most investors nowadays aren’t too concerned about the market. This is what happens at market tops. Skeptics are ridiculed as “naysayers,” “permabears” or “doom and gloomers.” As the bull market goes higher, many investors think…

Treasury 30-year bond yields tumbled to record lows as the collapse in oil and commodity prices smother inflation and hamper global economic growth. Global sovereign yields fell to records in the U.K., France, Canada and Japan as a report showed retail sales in the U.S. slumped in December by the…

July Hiring Slowdown Masks Labor Market Strength Logistics Payrolls Surging Ahead of Fall Shipping Season U.S. Trade Gap Widened in June China Threatens Retaliatory Tariffs on $60 Billion of U.S. Products China Fights Back After Yuan Slide Adding Up the Cost of Climate Change in Lost Lives Auto…

The name Dick Usher is familiar to regular readers: he was the head of spot foreign exchange for JPMorgan, and the bank's alleged chief FX market manipulator, who was promptly fired after it was revealed that JPM was the bank coordinating the biggest FX rigging scheme in history, as initially…

July Hiring Slowdown Masks Labor Market Strength Logistics Payrolls Surging Ahead of Fall Shipping Season U.S. Trade Gap Widened in June China Threatens Retaliatory Tariffs on $60 Billion of U.S. Products China Fights Back After Yuan Slide Adding Up the Cost of Climate Change in Lost Lives Auto…

by Wed, 12/31/2014 - 12:39 0 SHARES From Joshua Rosner of Graham Fisher Credit Event, Or Not? Is Another Market Being Manipulated? ( pdf ) As investors and market participants become increasingly aware of the regulatory failures that allowed for manipulation of LIBOR, FOREX, municipal bond bidding…

On the Senate’s last day in session in December, it approved the government’s $1.1 trillion budget for coming fiscal year. Few people realize how radical the new U.S. budget law was. Budget laws are supposed to decide simply what to fund and what to cut. A budget is not supposed to make new law, or…

The German Magazine Der Spiegel ran a story over the weekend (January 3, 2015) – Austritt aus der Währungsunion: Bundesregierung hält Ausscheiden Griechenlands aus dem Euro für verkraftbar (Exit from the Monetary Union: Federal government considers Greece’s exit from the euro is manageable). This…

I haven’t much time today with travel commitments coming up at later. But I filed this story away earlier in the week in my ‘nonsense’ list but with a note that it contained a lesson, which would help people understand Modern Monetary Theory (MMT). The demonstration piece was written by the UK Daily…

Interviewed by Alessandro Bianchi on Greece and Europe in the run up to the Greek general election of 25th January 2015 Click here for the L’Antidiplomatico site or, for the English original,… European media often speak of the “Greek recovery” and the growth of competitiveness of the country to try…