One from the files

With so much new reading material being generated on the evolving Ireland situation, we’d like to recommend that you go back just over 6 months to this really excellent and prescient opinion piece in the FT  from David Bowers, global strategist at Absolute Strategy Research.  We want to be nice to the FT and not cut and paste from the articles as they request, but focus in particular on the idea that we are headed for a world of increased official capital flows, with political conditions attached.  With Klaus Regling, CEO of the European Financial Stability Facility, telling us just now that he’s been shopping the EFSF fund-raising to sovereign wealth funds and central banks, we could be getting into a world of Asian/petrodollar flows, via Brussels, Washington, and Frankfurt, to the European periphery.

2 thoughts on “One from the files

  1. Pingback: Economic Crisis Blogburst 4: The collision of dreams and reality « Slugger O'Toole

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