Why BoE is Expected to Ease and ECB is Not

Feb 8, 2012, 10:14 AM

Both the Bank of England and the European Central Bank will be making monetary policy announcements on Thursday. The market expects the ECB to remain on hold and... Read »

The Elephant in the Room is Spain, Not Italy

Feb 7, 2012, 10:01 AM

Another day and the markets remain fixated on whether Greece comes to a “voluntary” arrangement with its creditors. The key word is “voluntary” because the... Read »

Large Amounts of Funds Still Going to Foreign Institutions

Feb 7, 2012, 9:43 AM

There seem to be three major stories in commercial banking these days: first, the cash going to foreign-related institutions; second, the pickup in non-real estate... Read »

Why Did Russia and China Veto?

Feb 6, 2012, 12:03 PM

Last weekend Russia and China vetoed a UN Security Council resolution that sought to address the violence in Syria. The vote was 13-2. The resolution did not authorize... Read »

Another Financial Market Experiment?

Feb 6, 2012, 9:21 AM

In the fall of 2008, US authorities conducted a financial market experiment.  They allowed a large and heavily interconnected firm, Lehman Brothers, to file for... Read »

Europe Needs a Real Fiscal Union

Feb 1, 2012, 11:24 AM

The rhetoric is heating up as we head into Monday’s European Union’s summit.  On one hand, we see rumors circulating that a deal in the Greek debt talks... Read »

What Economic Growth in the United States? And, in Europe?

Feb 1, 2012, 11:15 AM

The Congressional Budget Office (CBO) just released its forecast for economic growth and what it sees seems to differ substantially from what the Federal Reserve... Read »

Capitano Crunch: Europe’s Collapsing Monetary Aggregates

Feb 1, 2012, 10:58 AM

Here are some great pictures from Credit Suisse illustrating what’s happening in the European monetary sector.  The monetary aggregates have been collapsing at... Read »

Portugal Ready for Center Stage

Jan 30, 2012, 11:13 AM

Portugal is Europe’s next big problem. According to the Globe and Mail: Greece has been the debt crisis headline hog for months. This is unfair to Portugal, whose... Read »

Greece Jitters Send Euro, Futures Tumbling

Jan 30, 2012, 8:46 AM

US stock futures are down sharply Monday after a lack of progress in Greek debt talks over the weekend. Officials were hopeful that a deal would be reached, but... Read »

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