…if the ECB purchases bonds issued by that country’s government. No reason is given for this assumption. Levy admits that there might not be “first order” effects, Here I think…

Calculated Risks Bill McBride Fed Chair Jerome Powell is participating in a panel discussion today at the European Central Bank (ECB) Forum on Central Banking 2023 in Sintra, Portugal. Federal…

Two posts on European Banks and their view of what constitutes a “Safe Harbor.” His conclusion isn’t just The Pull Quote of the Year, it’s the Pull Quote That Explains…

Go. Read. US Bank Exposure to Greece, part 3. The FT lets someone from Nomura argue that Kash’s declaration of U.S. bank exposure to Greek default in Part 2 (referenced…

Greece Interior Ministry Results all regions voting ‘OXI’ = ‘No’ Huffington Post: Live Updates: Greece Votes In Referendum On Bailout Proposal More links as afternoon progresses. This article by Steve…

…“grand bargain.” Woodward’s piece is labeled opinion. But it is in fact not opinion; it is bald representation of fact. In other words, it is standard journalism reportage. Except for…

…more deficits and debt before we were done with it. We ended up with failed (de)regulatory policies. They allowed Big Banks and their big moneymakers to speculate their way into…

(Chart via Orcam Investment Research) http://pragcap.com/an-alternative-view-on-the-corporate-cash-hoard let me say, however, that I think there’s a very good case that the redistribution of income away from labor to corporate profits is…

…a stellar job a week before his inaugural address explaining the debt ceiling law and what “raising the debt ceiling” means–and that ti does not mean what the Republicans’ campaign…

…overleveraged company that is less stable and has to use more of its cash flow to pay off the debt. One result of excessive debt is that expenditures for maintenance…