Marshall Auerback
Marshall Auerback's Latest Articles | 36
In Praise of Political Dysfunction
The lamentable state of American political parties has become common sport amongst the chattering classes in DC and beyond, although one wonders whether this dysfunction... Read »
Even a Deal on the Budget is Bad for the Economy
Looking at the latest US data, business sentiment and capital spending have been eroding, and given the lagged impact of capex, that trend looks set to continue... Read »
Mario vs. Mariano Could Mean the End of Spain
The real weak link now in the Eurozone is Spain, where the data is a disaster. It is Greece writ large. And this is before Madrid, under Prime Minister Mariano Rajoy,... Read »
Has ‘Super Mario’ Really Saved the Euro?
Germany’s Constitutional Court gave a green light on Wednesday for the country to ratify Europe’s new bailout fund, boosting hopes that the single currency bloc... Read »
The Euro Is Not Unassailable, Even With The ECB’s Bond Buying
There appears to be an emerging consensus that the euro will survive, especially now that Mario Draghi has apparently grasped the nettle and persuaded his colleagues... Read »
How Far is the ECB Really Prepared to Go to Save the Euro?
Re-reading Mr Draghi’s market-moving remarks last Thursday, one gains a sense that the European Central Bank chief recognizes that the ECB has a banking run on... Read »
The Growing Pain in Spain
Just when you think that things can get no worse in Spain, they do. Take a look at this chart, courtesy of Credit Suisse via FT’s Alphaville. Yiagos Alexopoulos... Read »
To Save the Euro, the Eurozone Governments Must Stand By Greece
George Soros probably understands the nature of the immediate problem facing the Eurozone (namely, the accelerating bank run which, amongst other things, potentially... Read »
Greece and the Rest of the Eurozone Remain on the Road to Hell
So for the short term, it appears we won’t have a “Grexit”, which has led many commentators to suggest (laughably) that a crisis has been averted. Typical... Read »
Germany’s Constitutional Conundrum
Hans-Werner Sinn, President of Germany’s Ifo Institute and the Director of the Center for Economic Studies at the University of Munich, has taken to the pages... Read »







