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Big Ben’s Mistakes
As soon as Bernanke starts his helicopter engines, bond buyers get out their guns; the Chinese - the biggest single customer for US debt - have warned that they will shoot him down. What can Bernanke do? He is... The World has too much of everything
Despite the urging of governments, Americans and Europeans cannot be expected to take on more debt in order to continue consuming more stuff from China. Nor can the Chinese reasonably expect to work themselves out... Easy to make money
It's easy to make money, even in financial crisis time, just put the money in something that is going up, secure, and let it go.In Europe the banks do a good business, almost as good as in the United States.... 161 views | 13 recommendations | 0 comments
Europe’s Banks next Global Worry
Europe's banking system is in far worse shape than the US system. The losses may be bigger, and their capital to meet those losses definitely is insufficient. Europe's banks have been much more aggressive in... G-20 Ministers Vowed To Tackle Global Financial Crisis
The finance ministers of the G20 met in Horsham, England on Mar.13-14 to prepare for a G20 London Summit on the global financial crisis on Apr. 2. The G20 is made up of the finance ministers and central... Bloomberg: Euro Has Biggest Drop in 1 1/2 Weeks; German Confidence Slides
"Aug. 22 (Bloomberg) -- The euro dropped the most in 1 1/2 weeks against the dollar after investor confidence in Germany, Europe's biggest economy, fell to the lowest since 2001. The single currency slipped from its highest in 11 weeks as traders scaled back expectations that...
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