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About the Euro crisis: the experts are wrong; the German people are right.

By / Leave a Comment / 19 June 2015

The great and wise tell us that the European unification project — of which the Euro is now center state — is good.  And the foolish German people are short-sighted and foolish to oppose aid to Greece that’s necessary to preserve it.  They’re wrong.  The German people are right. From Eurointelligence’s coverage of the crisis: “The …

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The EU does Kabuki for Greece. Is it the next domino to fall?

By / Leave a Comment / 2 June 2013

The ever-evolving rescue plans are — so far — just Kabuki.  It’s obvious, but seldom acknowledged — as explained in this excerpt from “Europe’s bazooka is not enough“, Models and Agents, 8 April 2010: Back in August 2008, Hank Paulson, then US Treasury Secretary, went to Congress to request the mandate for a potential financial backstop …

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A great speech by the PM of Greece. How soon until an American President says similar words?

By / Leave a Comment / 2 June 2013

A great speech, more powerful and truthful by far than anything said so far by President Obama.  Truly the sight of the gallows focuses the mind.  How soon until an American President says such things?  Not long (and only if we’re lucky), unless we get smart and work together.  Note this was a speech not …

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News from the front lines of the economic wars

By / 8 Comments / 17 February 2010

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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The periphery of Europe – a flashpoint to the global economy

By / 16 Comments / 30 July 2012

Introduction:  This is the fourth in a series of dashed off speculative opinions.  Normal procedure on the FM website for these topics would be 3 thousand word posts, supported by dozens of links.  I dont’ have the time to finish them, and too many of these outlines have accumulated in my drafts file.  Perhaps these will spark useful debate …

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