The European monetary family is in crisis. It meets on March 25th and 26th to discuss whether to kick Greece off the island (survivor style) or to intervene and save the prodigal son. The problem, from a German perspective, is that Europe is full of prodigal children. To save Greece means to save the rest of the economies troubled by rising public debt-to-GDP ratios.
March 19th, 2010 | Dan Denning | 1 comment | ContinuedAll Posts Tagged With: "Societe Generale"
The Story Behind China Dumping its US Treasury Debt
Let’s see, China is cutting back on US debt purchases. So is Japan. And so are the big bond funds, such as PIMCO, the biggest in the world. Who will buy US bonds?
February 19th, 2010 | Bill Bonner | 0 comments | Continued
“Deflation” Remains the Watchword for 2009
The message from the March/early April macro news continues to be one of the free-fall phase ending, while the economy remains in a severe recession.
April 22nd, 2009 | Rob Parenteau | 1 comment | Continued
