On “Doom-Loops”, Insufficient Capital, Camels, and Utilitarianism: Market Suasion or Delusion?
In a interview on CNBC Mario Draghi (the head of the European Central Bank, ECB) told us yesterday that he is concerned about capital insufficiencies, balance sheet holes, and backstops related to the EU banks. He added that there is a need to “dispel the fog”...Dancing to the Sounds of an Acrimonious Manipulative Symphony: A Prelude in Out-Maneuvering the Devil?
In Shakespeare’s play titled “Othello” we discover an acrimonious manipulative protagonist in the person of Iago who envisions the downfall of Othello. Iago’s plans are not just convoluted. They are plain evil. Iago’s deceptions grow larger in every act of the play....The Here and Now: Market Myopia Meets Financial Presbyopia
It’s a pity that the market participants’ focus is on the childish political theater in Washington D.C. which is nothing but a symptom of a greater problem. Nations like families and individuals should restrain excessive spending habits (especially those that advance...Cadmus in Search Of Europa: Could the Greek Economy Recover like that of Latvia?
The headlines of this past weekend edition of the European edition of the Wall Street Journal read: “Debt Targets for Greece Questioned”. In the article Klaus Regling, the managing director of the European Stability Mechanism states that the targets for Greek debt...Crescit Eundo: Collateral and the Deterministic Path of a Logical Irrationality
It seems that the Latin phrase Crescit Eundo (it grows as it goes) fits well into the Fed’s modus operandi. In its latest attempt to justify the non-tapering, the Fed told us that fears of slowing growth, interest rate rising, and Washington infighting about the...Sign Up for Our Publications
