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Euro zone peripheral debt sustainability simply is unattainable without defaults – UWE BOTT, financial advisor

Euro zone peripheral debt sustainability simply is unattainable without defaults – UWE BOTT, financial advisor

The week that Doctor Bernanke confirmed rumors that an exit from QE is likely and the Italian Mario Draghi assured he was a central banker with an “open mind”, the reaction of the PBOC trying to empty the Chinese shadow banking financial bubble, the demonstrations in Brazil and the volatility of financial markets led me to talk to Uwe Bott, an independent financial adviser and regular contributor to «The Globalist». (c) JNR 2013

América corre o risco de um default “por uns dias” em agosto

Os chineses e as agências de notação Fitch e Moody’s zangaram-se com o Congresso americano. Se o limite de endividamento dos EUA não for aumentado, 30 mil milhões de dólares de títulos do Tesouro que vencem a 4 de agosto podem estar em maus lençóis.

“Fiquei cético em relação aos líderes europeus” (Barry Eichengreen)

“Fiquei cético em relação aos líderes europeus” (Barry Eichengreen)

A gestão da atual crise da dívida por parte dos líderes da União Europeia deixou desapontado Barry Eichengreen, professor da Universidade de Berkeley, na Califórnia, o mais europeísta dos académicos americanos.

The Washington ad hoc engineers

How policy making took place in the US facing the Great Recession of 2007-2009. A review by Robert A. Eisenbeis and Ellis Tallman of In Fed We Trust. [November 17, 2009, (c) Cumberland Advisors]
Title, editorial format and highlights by (Published with authorization by Cumberland Advisors). An add-up to the interview with the author of In Fed We Trust.

The inside story of the Great Panic – Bernanke’s great war against Depression 3.0

“In Fed we Trust” (Crown Business, August 2009) is the first book about the stories of the ongoing crisis following the steps of its main world actor, Ben Bernanke, the FED (the US Central Bank system) chairman, just reappointed today for a second term (2010-2014) by American president Obama. An interview with the author, David Wessel, a Pulitzer Prize journalist and economics editor of The Wall Street Journal.

«The role of finance has to be fundamentally rethought»

An alternative to the current mess would be to rethink the very basis of banking and finance, the essence of the financial rent-seeking economic model developed since the 1970s. But it is truly a political question, not an economic one, although it is an interesting debate for economists. Voters at polls will decide: «Do people want that? I can’t answer that question for them», says Professor Jamie Morgan. In the Economics field, the 2007-2009 crisis just smashed a certain brand of applied monetarism and also a kind of bastard Keynesianism. More heterodox thinking is required.

A conversation with Jamie Morgan, University of Helsinki