The Cunning Realist takes a look at limits:
Since the bursting of the technology bubble in 2000, there have been four distinct periods in which the Fed has flooded the system with an extraordinary amount of liquidity in an effort to boost the stock market:
1. Immediately after 9/11.
2. During the second half of 2002 in response [...]
“Southern Europe was on heat wave alert faced with baking temperatures and drought conditions…….”
“Despite refreshing morning rainfall in Madrid, much of southern and central Spain has been sweltering in temperatures reaching 40 degrees Celsius (104 Fahrenheit) for weeks, though the weekend did bring some respite.”
Unfortunately I’m in Barcelona. The temperatures aren’t much cooler, but there’s [...]
Nicolas Sarkozy, France’s current interior minister, and 2007 presidential hopeful has said he favours a freeze on future EU enlargement:
“We have to suspend enlargement at least until the institutions have been modernized,” Sarkozy said after talks with Prime Minister Dominique de Villepin on France’s role in Europe after voters rejected the EU constitution in a [...]
The Guardian today has a short profile on Angela Merkel, while the FT looks at some of the proposals which may well form part of the SPD campaign manifesto. Far be it from me to worry about ’sting the rich’ tax proposals, but as far as I can see the main isssue is getting Germany [...]
For 19 American intelligence operatives assigned to apprehend a radical Islamic preacher in Milan two years ago, the mission was equal parts James Bond and taxpayer-financed Italian holiday, according to an Italian investigation of the man’s disappearance. …
During January 2003, they were regular patrons at the Hotel Principe di Savoia in Milan, which bills itself [...]
A few days back I had a post, Iraq’s Legacy, which dealt with the issue of whether or not the continuing Iraq war was in fact serving to increase the level of international terrorism, and whether at the end of the day we might not be left with a bigger headache than the one we [...]
Italian authorities said Friday they have issued arrest warrants against 13 American intelligence operatives, charging that they kidnapped a radical Islamic cleric as he walked to a mosque here two years ago, held him hostage at two U.S. military bases and then covertly flew him to Cairo. He later said he was tortured by Egyptian [...]
Because some of them undoubtedly did, even people who knew him quite well. In his heyday, millions professed their love, sang his praises. Even those he had condemned in show trials, or in no trials, wrote to him of their devotion, wrote of their faithfulness, wrote of their belief. Perhaps they meant it, perhaps it [...]
All those ‘O’s and ‘C’s, I just couldn’t resist it. So what the hell is this one about. Well, something quite important really. They are oil companies, and one of them is in China. Brad Setser has a great post on it. The issue is what China is starting to do with all those surplus [...]
Feed: A Fistful of Euros