Category: democracy

Now we find out what’s in it: Part 2, Scapegoats wanted

18 April, 2013 (09:00) | Banks, Cyprus, democracy, Eurozone, fraud, Global news, Recapitalization, Speculation | No comments

[Continued from yesterday's Part 1.]   By:David A. Smith   Yesterday’s post on the sudden illumination of the rottenness of Cyprus revealed that not only is the recapitalization already 31% over budget in a week (€23 billion new estimate divided by original €17.5 billion), requiring another €5.5 billion with the EU’s demigods have decided must [...]

Now we find out what’s in it: Part 1, Europe’s appendix?

17 April, 2013 (09:26) | Banks, Cyprus, democracy, Eurozone, fraud, Global news, Recapitalization, Speculation | No comments

By:David A. Smith   Now that the Eurozone’s leaders have bought a box-o’-problems labeled CYPRUS, what have they bought, what is it worth, and how will the bill be paid?    What’s in Pandora’s Bank?   Nobody knows, and now we begin the process of finding out.   Two weeks ago, the European troika took [...]

The specter of hyperinflation

20 February, 2013 (09:30) | Capital markets, currency, democracy, Dictatorship, Economics, Egypt, Housing, hyperinflation, Inflation |

By:David A. Smith   Having worked in Egypt multiple times over the last eight years, I have good professional colleagues and friends in Cairo, so I’ve followed attentively the nation’s turmoil after newly elected President Mohammed Morsi started his campaign of grabbing power.  Whatever the politics of it (and I’ve been in the Middle East [...]

Month in Review, September 2012: Part 2, “Relatively under control”

2 November, 2012 (09:00) | Capital markets, central bankers, currency rates, democracy, Euro, fences, Global news, Grexit, Housing, Month in review, New Haven, NYCHA, Public housing |

By:David A. Smith   [Previous Months in Review available here: Aug 12, Jul 12, Jun 12, May 12.]   [Continued from yesterday's Part 1.]   It is well known that we now have the problem relatively under control, and that it is the RAF who now suffer the largest casualties in this area. Monty Python, [...]

Month in Review, September 2012: Part 1, “I abhor the implication”

1 November, 2012 (09:43) | Capital markets, central bankers, currency rates, democracy, Euro, fences, Global news, Grexit, Housing, Month in review, New Haven, NYCHA, Public housing |

By:David A. Smith   [Previous Months in Review available here: Aug 12, Jul 12, Jun 12, May 12.]   Looking back via these Month in Review compilations on my blog oeuvre (if one is allowed to call an accumulation of blog posts an oeuvre), I am struck by how far afield of the narrow topic [...]