Warning: Head-On Collision Ahead
Close to twenty years ago, the Eurocrats decided to defy the laws of gravity in economics, and they started designing a common currency without a fiscal union. Their thinking was straight-forward: “If we suspend the law of gravity, the Euro will be sustained (like if...Fait Accompli: Searching for Answers Where Answers Cannot Be Found
As it is widely expected, the ECB will unveil today its own version of QE. Welcome to a dead-end where central banks may resemble Prometheus bound by chains made by his own hands! As I wrote late last year we may be entering a historical year where the greenback and...The Illusion of a European Firewall: Reflections on a Convoluted Expedition
The Euro – the epitome of what is known as a dysfunctional currency- is shaking. It seems that the Fed no longer needs to support it at those irrational levels, given that the price of oil has dropped so dramatically. Given the tremors of the EU debt crisis between...On Foxes and Hedgehogs: Assimilating the Dissimilar while Contemplating the Impalpable and the Imponderable
I boarded the nonstop flight from Miami to Buenos Aires. As in the previous years during this time, it was destined to be an exciting flight. My fellow co-passengers in that specially-designed section of the plane were Montesquieu, Tolstoy, Mordechai, Callias II,...Sign Up for Our Publications
