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News from the front lines of the economic wars

A brilliant and provocative but pessimistic analysis by Albert Edwards of Société Générale:  “To cut or not to cut? Actually it doesn’t really matter. We’re stuffed anyway!”, 12 February 2010.  With links to even better analysis by Richard Koo.  Must-reading for anyone seeking to understand this crisis.  Excerpt: About Europe My own view of developments, for what it is worth, …

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Can the European Monetary Union survive the next recession?

“Europe will be forged in crises, and will be the sum of the solutions adopted for those crises.” — Jean Monnet in his Memoirs (1978). He was one of the architect of the program to unite Europe (see his Wikipedia bio) Rule #1:  even big things die.  Geopolitical analysts too often assume the permanence of …

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