George Soros is Coming For Your Children!
Satan George Soros doesn’t fit Tea Party’s expectations. He’s a super-rich guy who doesn’t think the rest of the world owes him obeisance a la the Koch Brothers. He doesn’t support the radical “free market” agenda. He’s not a libertarian-of-convenience. As a financial player who supports progressive [...]
See Bank Run! Run Bank Run!
And so it goes…
See the previous lessons here:
Lesson 1 Lesson 2 Lesson 3
This time, it’s not a Baby Ruth! When Greece poops, it’s everyone out of the Europool.
This demonstration that the euro is, in fact, reversible would lead, in turn, to runs on Spanish and Italian banks. Once again the European Central Bank would have to choose whether to provide open-ended financing; if it were [...]
Angela Merkel’s conservative party, whose government has led the austerity charge in the Eurozone, has suffered a stunning electoral defeat in Germany’s largest state on Sunday. The left is rising across Europe.
The election in North Rhine-Westphalia (NRW), a western German state with a bigger population than the Netherlands and an economy the size of [...]
Yes, Krugsandra has issued another proclamation from his Fortress of Macroeconomics high on the slopes of Mount OMFGWTF.
Germany believes that its successful adjustment was the result of its own virtue, but in reality it was successful in large part because of an inflationary boom in the rest of Europe.
And here’s the thing: the [...]
Foreshadowing is a technique used by writers to hint at something coming down the plot highway. One type of foreshadowing is called telegraphing…
Spotted by Sean Keane
It was also interesting to note an easily overlooked article in Greek online newspaper Kathimerini saying that the European Commission is pressuring the European Investment Bank to [...]
Not to be confused with The Golden Snitch… Paul Krugman today aligns himself with the MMTers (Modern Monetary Theorists) in explaining why the Eurozone is failing so spectacularly and seems so incapable of coming up with a remedy. He examines the two current narratives as to why the Eurozone is in trouble, one from America [...]