Dear Readers
The daily news briefing will resume after the holidays mid-August.
|
Daily Market Rates
|
Comment and Analysis
"We interrupt regular programming to announce that the United States of America has defaulted …" Part 2
24.07.2008
By: Satyajit Das
This is the second and final part of the series.
"We interrupt regular programming to announce that the United States of America has defaulted …" Part 1
23.07.2008
By: Satyajit Das
This is the first of a two part series, looking at the solvency of the United States.
How to deal with Spain and Ireland?
22.07.2008
By: Wolfgang Münchau
This is possibly the worst time to bash the ECB. The biggest risk to the euro area aera economy is a meltdown of the Spanish economy, something which the ECB can do nothing about. We need to consider a quid-pro-quo IMF style liquidity injection into the Spanish economy in exchange for assurances on policy changes.
With friends like these, who needs enemies
21.07.2008
By: Eurointelligence ECB Watch
Central banks get a lot of bad advise once inflation rise above the target. Many erstwhile advocates of inflation targeting are now showing their true colours. In this entry, we are compiling some of this bad advice.
Some thoughts about causes and consequences
16.07.2008
By: Wolfgang Münchau
One of the biggest fallacies of the current debate is that the high oil price casues inflation. That is not true. Central banks causes inflation.