Category: Eurozone

Bail out? Bail in?: Part 2, Italians aren’t stupid

6 July, 2017 (08:30) | Banks, Capital markets, Eurozone, Global news, Italy, Markets, Recapitalization, Speculation | No comments

  By: David A. Smith   [Continued from the previous Part 1.]   As we saw in Part 1, the Italian government is following in a series of national governments (previously Greece, before that Spain) that when confronted with a Brussels-issued ultimatum, reject it:   “We accept it!” “We reject it!”     Sources used […]

Bail out? Bail in?: Part 1, Investing might be a bad choice of words

5 July, 2017 (09:00) | Banks, Capital markets, Eurozone, Global news, Italy, Markets, Recapitalization, Speculation | No comments

  By: David A. Smith   Is this really going to work?   As a longstanding fan of the snarky voice of Tyler Durden, one of the pseudonymous authors of the financially morbid, always incisive, and scarily provocative Zero Hedge (which, for example, thinks Uber’s market cap is about to collapse like a flash-frozen soufflé), […]

Month in Review, August, 2016: Part 2, The arc of economic conformity

22 November, 2016 (09:00) | Airbnb, as-of-right zoning, Development, Eurozone, Housing, Innovations, Italy, kayfabe, Speculation, work-live housing, Zoning, zoning-by-taste-police, ZTP |

  By: David A. Smith   [Continued from yesterday’s Part 1.]     Yes, I read the Economist   So late am I in writing the periodic Month-in-Review retrospectives [Sorry, readers – Ed.], and so rapidly has our politics moved in the last few months, that it seems another century when the British vote for […]

Month in Review, August, 2016: Part 1, The arc of zoning

21 November, 2016 (09:00) | Airbnb, as-of-right zoning, Development, Eurozone, Housing, Innovations, Italy, kayfabe, Speculation, work-live housing, Zoning, zoning-by-taste-police, ZTP |

  By: David A. Smith   When the history of the twentieth century is written, a chapter should be devoted to zoning.  The two-dimensional version was invented in the century’s first decade, and now a hundred years later, zoning in the urban context is so anachronistic as to be dysfunctional, as illustrated by three posts […]

Twilight at the Groucho Marx club: Part 3, From whatever source

3 August, 2016 (09:00) | Bailouts, Banks, Brexit, Caddyshack, Eurozone, Global news, Greece, Italy, Monte dei paschi, Recapitalization, Speculation, Workouts |

By: David A. Smith   [Continued from yesterday’s Part 2 and the preceding Part 1.]   After the previous two parts, using as source material articles from the Economist (July 3, 2016) and the Wall Street Journal (July 27, 2016; blue font). It has become apparent that though Italy is by no means an equal […]