Tags: europe
ECB's €489 Billion Correctly Recognizes the Liability Side of Banking is Not the Place for Market Discipline
December 25th, 2011
in Op Ed
by Warren Mosler, Mosler Economics.com When it comes to CB (central bank) liquidity operations, as previously discussed, it’s about price- interest rates- and not quantities of funds. In other words, the LTRO (Long Term Refinancing Operation) is an EC… more »
USA in 2012/2016: An Insolvent and Ungovernable Country
December 20th, 2011
in GEAB reposting
Editor’s Note: This article is republished with permission of LEAP/E2020. See end of article for credits.- Public announcement GEAB N°60 (December 16, 2011)As announced in previous GEABs, in this issue our team presents its anticipations on the chan… more »
How the IMF Thing Could Work for the Euro
December 5th, 2011
in Op Ed
by Warren Mosler, The Center of the UniverseWith the Eurozone leaders meeting this week to address the resolution of the regions’ myriad of sovereign debt issues, attention is focused on the proposal to recycle national bank funds through the IMF to unde… more »
$30 Trillion of Western Assets Are About to Vanish
November 19th, 2011
in GEAB reposting
Editor’s Note: This article is republished with permission of LEAP/E2020. See end of article for credits.Global systemic crisis: 30,000 billion US dollars in ghost assets will disappear by early 2013 / The crisis enters a phase of widespread discounti… more »
Five Policy Prescriptions for Europe
October 30th, 2011
in Op Ed
by Tom Fahey, Senior Global Macro Strategist, Loomis Sayles The European sovereign debt crisis continues to hemorrhage risk throughout the financial markets. While investors like to think there is a magic policy response, in our view, the crisis is… more »
