A Better Alternative to QE for Europe: Ben Bernanke’s helicopter drop: Money for citizens, not banisters.
Despite all the advertising, launching quantitative easing (QE) in Europe may well be counter-productive. This is due in no small part to significant structural differences between the U.S. and European economies and capital markets. But that does not mean nothing...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...How Japan Bankrupted Itself
Following the start of Abenomics in 2012, Japan moved back to the center of attention of global financial markets. After two and a half decades of economic stagnation, hopes were high that Japan would escape its long stagnation and deflation. Plenty of economists...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
