Mr Gentiloni (Mr Kind), the newly sworn in Italian Prime Minister, is a well respected former journalist and experienced politician. Yet, despite his name, he will likely oversee to a period of turbulent political and economic tensions. I give the TROIKA scenario , defined by high political instability, capital flights, rising bonds spread and possible […]
Banking Crisis
Greece fast (bank) runners
Guess who is (and has been) running faster out of bank deposits in Greece ? source: @M_-McDonough, via The Daily Shot
Entrepreneurs
Worried about yout bank account after Cyprus? The ultimate business idea for the crisis: a mattress with a built-in safe” The ultimate business idea for the crisis: a mattress with a built-in safe A Spanish entrepreneur is selling viscoelastic mattresses with a built-in state-of-the-art safe deposit box, El Mundo reported last week. The inventor explains: […]
Debating the Euro Crisis on The RealNewsNetwork
Discussing the Euro Crisis and the Dangers of A Global Recession on The Real News Network from Washington DC More at The Real News
The Last Christmas
Today I went into a shop to buy the last Xmas presents. I was in doubt whether to buy an extra one, and the shop-keeper, in order to encourage me said: “You know, you should really buy it. This is going to be our last Xmas, for sometime”. A pretty effective way to summarize the […]
Early Warnings of Italian Banking Crisis
Tyler Cowen points to a Telegraph article that reproduces the graph on the side. From the second half of 2009 the monetary aggregate M1 (currency in circulation and demand deposits) went from an annual growth rate close to 14% ro – 3% in 2011, dragging M2 (which also includes saving deposits) and M3 (which includes […]