Mario Draghi, new ECB boss who completed his monetary apprenticeship at Goldman Sachs, has conjured up a sneaky way to print money while giving the impression he’s doing nothing of the sort.
January 19th, 2012 | Greg Canavan | 1 comment | ContinuedAll Posts Tagged With: "germany"
Let’s Talk Money Over a Warm Pint of Beer and Good Spirits
In yesterday’s article on Europe’s fiscal integration we managed to ruffle a few feathers of those (presumably from) the English island. We’ve taken the liberty of reprinting some of their comments. First let’s start with a nice (warm) beer… then let’s talk money.
December 13th, 2011 | Dan Denning | 3 comments | Continued
Germans Obsessed With Getting Their Fiscal House in Order
Anecdotal evidence from the German population suggests that whinging is on the agenda, without any obvious plan of action. “Germany works, while the rest of Europe parties” is the phrase on everyone’s lips.
May 22nd, 2010 | Nickolai Hubble | 0 comments | Continued
Footing the Bill
In 1945 at the end of the WW II there was no nation on earth more devastated than West Germany – ports, rivers and canals clogged with sunken ships, sunken barges, railways and communications devastated, six million of her most capable young men killed in battle, six million of her most productive people, the Jews, killed by Hitler’s henchmen, heavy and light industry practically bombed out of existence,
May 10th, 2010 | Ronald Kitching | 4 comments | Continued
Chermany vs. Gremerica
The big exporters – China and Germany, who Martin Wolf calls “Chermany” – ran big trade surpluses. The big spenders – notably Greece and the US, who we will call Gremerica – ran large trade deficits.
March 29th, 2010 | Bill Bonner | 2 comments | Continued
Does Greece 2010 = Austria 1931?
Being part of the Eurozone, Greece does not have the option to devalue. Granted, such a policy is not a panacea. Interest rates would skyrocket and asset prices plunge.
February 18th, 2010 | Greg Canavan | 2 comments | Continued
US Economy and its Political System Has Become More Rigid and Costly
One thing Americans take for granted is that they will always be the richest, most successful people on earth. They think that because that is what they have always known.
November 16th, 2009 | Bill Bonner | 2 comments | Continued
The Government Bureaucrats of East Germany Exist in the United States of America Today
In 1949, the Soviets and the Allies divided Germany into two parts. One part followed a traditional capitalistic path to reconstruction. The other part took the socialist road.
November 10th, 2009 | Bill Bonner | 0 comments | Continued
Eurozone Drops GDP Bombs
The eurozone unveiled some nasty economic news early this morning. For starters, Germany dropped its first-quarter 2009 GDP number…
May 18th, 2009 | Ian Mathias | 0 comments | Continued
Whiskey & Gunpowder
For the present, there is hardly anyone who is an immediate advocate of joining the euro, though there are plenty of europhiles who would expect Britain to join the euro at some future date. At the same time, the euro has become more attractive to the weaker European currencies which are outside the Eurozone…
February 26th, 2009 | William Rees-Mogg | 4 comments | Continued
The Collapse of Complex Asset Values
In the name of “stimulus” and “recovery” and to supposedly correct the excesses of the market, none of the normal free market mechanisms to punish the excesses are being allowed to function. Instead of acknowledging that markets work in boom/bust cycles of progress, excess, and consolidation, today’s generation of policy leaders want to eliminate cycles to preserve their fictitious wealth and power!…
January 29th, 2009 | Dan Denning | 7 comments | Continued
