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angela merkel

Germany’s Superstimulus; Or, The Familiar (Dollar) Disorder of Bumbling Failure

By |2019-08-21T17:52:37-04:00August 21st, 2019|Bonds, Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

The Economics textbook says that when faced with a downturn, the central bank turns to easing and the central government starts borrowing and spending. This combined “stimulus” approach will fill in the troughs without shaving off the peaks; at least according to neo-Keynesian doctrine. The point is to raise what these Economists call aggregate demand. If everyday folks don’t want [...]

Despite Six Years, Triple Dip Recession

By |2019-02-13T11:42:37-05:00February 13th, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

It is the question nobody ever asks. As soon as contraction happens, the whole thing switches. Central bankers turn their attention, and move the public’s, toward fighting the thing, making sure it is as shallow and short as may be necessary. Officials pay total focus to getting out of it without ever having to answer for how they got into [...]

September Song

By |2012-09-03T13:07:45-04:00September 3rd, 2012|Currencies, Economy|

By Brian Cronin Before starting off on another trip around Europe, let me remind regular readers that about a month ago in my essay on Spain, “The Impossible Dream” (which you will find in Alhambra’s archives if you didn’t keep it), that Spain has 17 semi-autonomous regions who run their own finances, and for some of them, none too well. [...]

A Bridge Too Far

By |2012-08-19T15:38:31-04:00August 19th, 2012|Currencies, Economy|

By Brian Cronin: Continuing my tour around Europe, after a look at Spain and Italy, this week it’s Germany’s turn. Germany, as a nation, has had a checkered history as we know all too well. Two hundred years ago, it was a collection of small kingdoms. In 1797 Joseph Haydn composed the music for what would eventually become the Deutschlandlied. [...]

Situation Hopeless But Not Serious?

By |2012-07-15T16:32:05-04:00July 15th, 2012|Currencies, Economy|

From friend of Alhambra, Brian Cronin: The concept of summits is well known: Teheran, Yalta and Potsdam during the Second World War to the G-7 summits of recent years between heads of state. Summits inside the European Union are somewhat different. Since the EU is not a cohesive whole with an overall political authority, it is akin to America’s governors [...]

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