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The End Game or: How the Dupes were Duped or: The Euro Ten Years on

2011-12-10 1 comment

The Euro was probably the most hyped-in currency the world may have ever known.

That fact alone should have been reason for suspicion.

In this article we contrast some of the eulogies heaped on the Euro back in around 2001/2002 when it was introduced as a tangible currency with these past weeks’ near-obituaries.

Read more…

Bloom of Doom I: British Economy Creeps Out of Recession?

In today’s Wall Street Journal online in an article titled “British Economy Creeps Out of Recession” we read:

“The Office for National Statistics said Tuesday that gross domestic product in the three months to Dec. 31 [2009] increased 0.1% compared with the third quarter. Compared with a year earlier, GDP fell 3.2%. … For the whole of 2009, the economy contracted 4.8%—its biggest output fall on record.” (Emphasis CrisisMaven) Read more…

How GDP betrays the Economy

Isn’t the crisis over, albeit the recovery may be slow? Hasn’t GDP contraction slowed down, been stopped, maybe reversed? Isn’t all that good news? Couldn’t it have been worse if the Fed hadn’t done the right things?

The problem with almost all macro-economic aggregates ist that Read more…

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