Marshall Auerback
Marshall Auerback's Latest Articles | 24
The Elephant in the Room is Spain, Not Italy
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 »
The Germans Launch A Blitzkrieg on the Greek Debt Negotiations
News stories continue to suggest that Greece once again appears on the verge of reaching a deal with its private sector creditors on how much of a loss they would... Read »
A Financial Coup d’etat in the Making?
It is said that the European Union is a remarkably inefficient organization in terms of organizing economic rescue packages, but when it comes to subverting democracy,... Read »
The Message I Would Deliver from Zucotti Park
First, to the thin blue line: thank you and we ask for your protection rather than your discipline. Why should we expect that? Because the forces we are protesting... Read »
Core Europe Sitting Pretty in their PIIGS Drawn Chariot
The refusal to countenance a Greek default is now said to be dragging the euro zone toward even greater crisis. Implicit in this vie, of course, is the idea that... Read »
Is Germany Preparing to Exit the Euro?
Hans-Olaf Henkel’s piece in yesterday’s Financial Times is making waves. Okay, Henkel is an odious man, but my view, which was once considered borderline... Read »
Jackson Hole will be a Black Hole for Those Hoping for QE3
Those leading the charge for “fiscal consolidation” now seem positively shocked by the violent gyrations in the stock market, as expectations rapidly seem to... Read »
Are We Approaching the EndGame for the Euro?
Forget about the S&P downgrade, which has had ZERO impact on the global equity markets. The downgrade was supposed to mean that it would be more likely that... Read »
More Bad Beer From S&Ps David Beers
Like the horrible aftertaste that comes from throwing up the contents of one’s stomach after a night of binge drinking, the ratings agencies have reared their... Read »
Worse than Hoover
It’s actually a bit over the top and unfair to compare Barack Obama with Herbert Hoover – unfair that is, to the memory of Herbert Hoover. The received image... Read »







