Negative-Interest Rate Champion Bank of France Now Frets About Ballooning Corporate Debt
Central-Bank Forked-Tongue Syndrome… Read More Negative-Interest Rate Champion Bank of France Now Frets About Ballooning Corporate Debt
Category: The Euro Debacle
Italy Once Again on the Eurozone Worry List
A new tsunami of bad debts washes ashore while banks are still struggling with the debris from the prior tsunami of bad debts… Read More Italy Once Again on the Eurozone Worry List
Here Is The Stunning Chart That Blows Up All Of Modern Central Banking
Get ready for the helicopters… Read More Here Is The Stunning Chart That Blows Up All Of Modern Central Banking
The EU Risks Losing Germany If It Picks a Constitutional Fight to the Death, or the Euro If It Doesn’t
Step by step, the EU institutional machine is making the same mistake with the German people that it made with the British people. It is taking a law-abiding and well-meaning nation for granted… Read More The EU Risks Losing Germany If It Picks a Constitutional Fight to the Death, or the Euro If It Doesn’t
How Germany’s Courts Might Destroy the Eurozone
As the largest creditor nation in the eurozone and its largest economy, Germany has much to lose if it ends up being the party responsible for the breakup of the single-currency union… Read More How Germany’s Courts Might Destroy the Eurozone
Raw Emotion and Unpayable Debt Have Brought the EU’s Simmering North-South Conflict Into the Open
The EU project can survive one economic depression in the blighted South. It cannot survive two… Read More Raw Emotion and Unpayable Debt Have Brought the EU’s Simmering North-South Conflict Into the Open
European Bank Stocks Collapse to March 2009 & 1988 Levels
Just how much lower can they go? To Zero. And the ECB’s negative interest rates are driving them closer to it… Read More European Bank Stocks Collapse to March 2009 & 1988 Levels
French Popular Uprising: Revolution or Frozen Conflict?
The people are angry with their government. Where? Just about everywhere. So what makes ongoing strikes in France so special?… Read More French Popular Uprising: Revolution or Frozen Conflict?
First Central Bank Exits Negative Interest Rates
Today’s rate hike by the central bank of Sweden ends an absurdity. ECB and other central banks with negative rates are getting ready to follow.… Read More First Central Bank Exits Negative Interest Rates
The Limits of Lagarde
Mario Draghi deserves neither hostility nor adulation for his stewardship of the European Central Bank. He proved adept at working within ridiculous constraints that forced him to do things that no central banker should ever do. What matters today is that his successor, Christine Lagarde, will have to labor within exactly the same ridiculous constraints… Read More The Limits of Lagarde
Saving Europe’s Bankers, Not Its Workers
When European Central Bank chief Mario Draghi left office last month, he was widely praised for “saving the euro.” But he did this at the expense of working people — exploiting the crisis to impose an ever more unbreakable austerity regime… Read More Saving Europe’s Bankers, Not Its Workers
The Future of the Global Economy Hinges on Four Games of Chicken
Trump’s rows with China and Iran, Brexit and Argentina’s populism put the world on a knife edge… Read More The Future of the Global Economy Hinges on Four Games of Chicken
