Weidmann Warns Against Raising Greek Risk Exposure
World leaders back Greece, vow to combat financial turmoil
Spain faces crisis of confidence after deficit slip
Greek euro exit could be fast if needed: Slovenia
“There’s a greater than 50% probability that the financial system ‘will come to a grinding halt’ because of losses from mortgages, said Gregory Peters, head of credit strategy at Morgan Stanley, Bloomberg, November 13, 2007
by Doug Noland | May 18
There must be a silver lining out there somewhere...
by Martin Hutchinson | May 7
The World Is Topologically Complex
Commentators seeking to solve economic problems mistakenly assume a benign government manipulating the economy’s levers.
Read moreby Satyajit Das | May 18
They Never Learn. Such a Pity!
JP Morgan’s $2 billion “hedging” loss provides insights into the problems of modern high finance, bank strategies and regulation of markets.
Read moreby John Browne | May 15
If Germany decides its economic system is fundamentally incompatible with a neo-Keynesian Europe, it may lead to the ultimate demise of the fiat money system.
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