Category: Grexit

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 […]

Auf wiedersehen, sovereignty?

11 September, 2012 (10:08) | Capital markets, Central bankers, Democracy, Euro, Global news, Grexit | 2 comments

By:David A. Smith   As we saw yesterday, using raw material from the New York Times (September 7, 2012) and Wall Street Journal (September 6) (blue font), the European Central Bank has announced it will prop up questionable debts in the southern-zone countries before they go bad:   The new ECB program, called Outright Monetary […]

OMT? OMG! The bad bank to end all bad banks

10 September, 2012 (10:07) | Capital markets, Central bankers, Democracy, Euro, Global news, Grexit |

By:David A. Smith   In their commitment to save the conceptual Euro at all costs, the European Central Bank has done something that is both breathtakingly imprudent and completely undemocratic: they’ve made the ECB into the bad bank to end all bad banks.  Today’s post will cover the bad bank idea, using a New York […]