The PIIGS Problem: Maginot Line Economics
…number of European commercial banks of Greek government debt and exchanging this debt via repos with the ECB for German and French government paper is what appears to have initially…
…number of European commercial banks of Greek government debt and exchanging this debt via repos with the ECB for German and French government paper is what appears to have initially…
…economic statistics; the bond market’s rather strong reaction to the January PPI report last week seemed to be considerably exaggerated. A much better gauge of trends in inflation is the…
…this before (link). I also wrote in June (link) that the extra loosening of monetary policy by the ECB in Europe would be a test of the Fisher effect. Since…
…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…
…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label…
…ridiculous. But it does have the advantage of carrying with it the Madisonian Freedom/Liberty tag, a label that the Koch right confers upon anything it wishes, because that surely will…
…political debates, is a disagreement about how far to turn the knobs when adjusting policy; it does not seem to call for a separate ideological label. That said, Mr. Konczal…
Originally published at Evonomics and reposted at Naked Capitalism, Angry Bear Steve Roth continues his conversation on riches, income, debt, and expectations. Steve Roth serves as Publisher of Evonomics. By…
…From Calhoun, incredibly inaccurately labeled a “libertarian,” through the Agrarian Populist literary movement that was popular at Vanderbilt where Jim wanted to go but did not (he went to Middle…
…opponents of mechanization or advocates of short-time working, a reasoning they label as a misconception and which we know today under the label ‘lump of labor’ fallacy ‘. But the…