Without QE, “Eurozone Financial Markets Would Collapse” by Wolf Richter • Jan 15, 2015 • 10 Comments French Megabank: the ECB is “a prisoner of financial markets’ expectations.”
Deflation Calamity Howlers Are Dead Wrong – in Europe and Everywhere Else by David Stockman • Jan 7, 2015 • 5 Comments The notion that a hairline puncture of the zero-inflation line is a precursor of a deflationary calamity amounts to economic voodoo.
Russia Sanctions Stir Up Top-Level Mini-Revolt in Europe by Don Quijones • Jan 6, 2015 • 3 Comments Chances of finding alternative consumers of Europe’s goods and services are dimming.
Peak Irony in No-Exit Union: As Grexit Chaos Resurges, Lithuania Joins by Don Quijones • Jan 2, 2015 • 8 Comments Official secrecy, obfuscation, and deception rule.
Spain Takes a Giant Step Backward, Towards Its Dark Past by Don Quijones • Dec 20, 2014 • 5 Comments The Orwellian-titled “Law for Citizen Security,” or more aptly “Gag Law,” is opposed by 80% of the people, but no problem.
France Cut by Fitch, Kicked by Bundesbank, Jilted by Logic, Has Newfangled Solution: Sunday Shopping. And Blows it by Wolf Richter • Dec 15, 2014 • 6 Comments France comes up with another potent fix to its economic debacle. Hilarity ensues.
Spanish Judge Exposes Too-Big-to-Fail Bank Robbery by Don Quijones • Dec 14, 2014 • Comments Off on Spanish Judge Exposes Too-Big-to-Fail Bank Robbery It was all a big fat lie, and everybody – except retail investors – was in on it.
Google Strikes Back Against Spanish Newspaper Cartel by Don Quijones • Dec 12, 2014 • 1 Comment Spain tried to protect its mainstream media by attacking alternative websites and bloggers with a “Google tax.” Now Google has answered.
Eurozone Comes Back to Reality With a Crash by Don Quijones • Dec 11, 2014 • 2 Comments Any lingering hopes that the debt crisis was put to rest are brutally dashed. Investors are bailing out: Greek stocks down 20% in three days.
S&P Wakes Up, Cuts Italy to One Notch Above Junk, Economy Sinks into Terrific Mess by Wolf Richter • Dec 5, 2014 • 3 Comments But no worries, the ECB’s desperate backdoor bailout keeps Italy afloat.