Can you Hear the Oceanic Thunder? Moral Hazard Reigns Supreme in the Land of Plenty
Just a few days ago an event took place in Australia that received very little coverage. Fearing a run on a bank the Australian government guaranteed deposits up to $1 million AUD (Australian dollars)! How the government plans to pay for that is another story. Maybe...Weekly Market Update
Market Action The US equity markets rebounded this week to effectively erase prior week’s losses in all areas save for technology. The Dow gained 381.79 points for the week while the S&P and NASADQ, both registered gains of 49.16 and 95.79 respectively. Technology...Senor, Is this About Production of a Show by Means of Placebo Effects? Market Trajectory, The Greek Bond Oversubscription, the Failed Chinese Bond Auction, and Mr. Nitup
What a week! It had everything. The Greek bond offering was oversubscribed four times while the Chinese bond auction failed! This is great, isn’t it? Greece is the new China. The problem is that China is a bubble, and we all know that sooner or later bubbles burst....Weekly Selections from Monthly Barometer
5 insightful op-eds or articles to help make sense of today’s world Nouriel Roubini, “The Changing Face of Global Risk” (Project Syndicate, March 31, 2014) Nouriel thinks that the six main global risks of a year ago (Eurozone breakup, fiscal crisis in the US,...A Review of the Most Important Global Events in March by Monthly Barometer
March heralds the return with a vengeance of geopolitical risk. The Ukrainian crisis, the rise of secular tensions in much of Asia, sectarian and civil strife in the “arc of instability” that stretches from Western Africa to Central Asia, social unrest in several...Sign Up for Our Publications
