Japan and Manga Money
Japan’s yields soaring The play year-to-date has been that historical QE would push yields lower, as they have in the US QE process, but there appears to be sharp rotation away from JGB’s in recent days.
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Why the ECB plan is no early Christmas
This article was published in El Confidencial on September 8th 2012 “In central banking, as in diplomacy, style, conservative tailoring and an easy association with the affluent count greatly and results far much less” John Kenneth Galbraith Euphoria. All is solved. After Thursday’s announcement from the ECB regarding unlimited purchases of short-term sovereign bonds, Draghi … Continue reading Why the ECB plan is no early Christmas
Lybia In Flames And The Clash of Civilizations
How naive we were. We thought that the riots in Egypt were going to wake up a sort of semi-hippy dream of peaceful transition to an oasis of Western-style liberal democracy.The Western world is increasingly lost, and we believe our own illusions. And the illusion is over. On Tuesday, Colonel Gaddafi slashed all expectations and … Continue reading Lybia In Flames And The Clash of Civilizations